Great short post by TechCrunch on how SOX has crippled the IPO market. Especially relevant in light of Obama’s win last night and the advent of many new government-led initiatives as solutions to our collective problems.
While I’ll strive to keep politics generally out of my company’s blogging, there’s a strong connection between government meddling and the dearth of IPOs, as TechCrunch points out.
Bottom line: Well intentioned government efforts often produce disasterous results, especially knee jerk reactions during periods of crisis or scandal. I found the comments below the post to be well thought out and add significantly to Arrington’s initial view. While not as black and white as Arrington initially discusses, anyone of sufficient experience at a public company knows how badly SOX has hurt us.
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