Re: Sarbanes-Oxley / my opinion

[Booth Martin <booth@xxxxxxxxxxxx>]

While I understand the concerns, it also pays to look at similar efforts 
to protect people from themselves.   OSHA probably has saved some lives, 
however I suspect it is only because of the focus it caused on safety. 
In the process it has caused a sometimes onerous burden on employers in 
the US that has made production costs in America just a little bit less 
competitive with foreign labor.



qsrvbas@xxxxxxxxxxxx wrote:
> midrange-l-request@xxxxxxxxxxxx wrote:
>
> >   3. RE: Sarbanes-Oxley / my opinion (Doug Hart)
> >
> > SOX does not help our company build or sell product but has cost us big
> > bucks.  Tell that to the stock holders.
>
> Out of curiosity, regardless of my employer (PowerTech), I have to ask --
>
> How were stockholders answered when they asked how often company information 
> assets were abused, stolen or altered without authorization and what the losses 
> amounted to? In a physical sense, would stockholders be pleased to know that no 
> one locked doors and there were no alarms in the buildings to notify someone of 
> an overnight break-in?
>
> I would think that if such things were well handled before SOX, then there 
> shouldn't have been a significant cost resulting from SOX.
>
> I know this has sounded confrontational, but I really have little idea (as far 
> as SOX goes for policy implementation). My view is obviously from a very 
> different perspective. I figure that anything I can learn from another 
> perspective gives me a better chance of doing my work better.
>
> Tom Liotta
>
>
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