Plugging the IPO Drain
From Discourse DB
This is an opinion item.
| Author(s) | Reynolds Holding |
|---|---|
| Source | Time |
| Date | February 8, 2007 |
| URL | http://www.time.com/time/magazine/article/0,9171,1587282,00.html |
| Quote | "Corporate executives estimate that the law has cost U.S. companies tens of billions of dollars in extra auditing fees and other expenses. Yet the U.S. share of IPOs began falling six years before Sarbanes-Oxley even existed. In 1996 about 60% of all IPOs took place on Wall Street. By 2001, only 8% did. In fact, the U.S. share has on average increased since then, despite Sarbanes-Oxley, to about 15% in 2005."
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This item argues against the position Act should be repealed on the topic Sarbanes-Oxley Act.
