When we met Charles Phillips at Oracle OpenWorld he mentioned one of the nice things about being acquired by Oracle was entrepreneurs did not then have to worry about Sarbanes Oxley. I took his comment as a negotiation throwaway line.
But I read at the Wired blog the CEO of a company who sold to Yahoo saying "SarbOx? Not my problem." Darn, I thought it was the accountant full employment act, but maybe the legislation is also an M&A investment banker incentive program.
Talking of banks, I am still waiting for people to explain: how come all our new controls did not unearth the risk and exposure that is coming to light and now causing massive write offs and executive turnover on Wall Street? The investment in the last 5 years was supposed to have provided the controls against such meltdown.
Likely it is will be used as justification for we need even more controls and compliance. Son of SOX? S.O.S. Appropriate...
