Monday, July 18, 2005

Jacksonville Job Loss due to SOX

Sarbanes-Oxley Hurting Jobs, Wages

Faced with the growing expense of keeping up with Sarbanes-Oxley, small and mid-sized companies are increasingly pursuing two options: buying up stock to take the company private or selling out to larger companies. The study found that 20 percent of responding companies’ management were considering buying up enough of their company stock to take their company off the public stock exchanges. Fourteen percent are considering mergers.

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