SARBANES-OXLEY: COSTLY AND INEFFECTIVE

From BusinessWeek   |  230 days ago

SARBANES-OXLEY: COSTLY AND INEFFECTIVE

Regarding "These Men Could Kill SarbOx" (In Depth, Nov. 30): I hope SarbOx is eliminated. It certainly didn't help control Bear Stearns, Lehman, and numerous failed banks. If the Public Company Accounting Oversight Board cannot prevent financial collapses of that magnitude, why should public corporations have to spend millions of dollars to adhere to useless "control" mechanisms?

Joseph D'Agostin, Norwalk, Conn.