DISQUS

VentureBeat: Valley veteran Jim Clark resigns, saying regulations have “gone too far”

  • Harshal Vaidya · 2 years ago
    Its time such companies move to India. All such regulatory headaches aren't present out there.
  • Blake · 2 years ago
    This is straight out of Ayn Rand's *Atlas Shrugged*, in which the businessmen who hold up the economy go on strike.
  • James Naughton · 2 years ago
    I think there is lots more of this to come.

    Sarbanes Oxley is more a curse. Contrary to what regulators and accountancy firms might say it is NOT a panacea or is not the silver bullet of corporate governance.

    I hope the SEC and PCAOB take a serious look at this now ridiculous situation as it will never prevent another Enron.
  • krish · 2 years ago
    Over regulation can only impede economic creativity. Offenders will still be around no matter how severe a punishment law provides. The old dictum of "Caveat Emptor" ( buyers beware) still holds true and is the only reliable safeguard.

    Sox Act at best enriches and nourishes Accountants and corporate lawyers - the parasite that thrives in the cesspool of economic malaise.
  • BlogReader · 2 years ago
    Yeah right he quit because he can't be the head of some internal committee. Could it be that a website that just prints pictures and mails them to people isn't that interesting? He's cashing out and moving on to something more exciting -- this "oh the SOX is teh evil" is just a smokescreen, probably because it makes shady inside trading harder to do.
    As for the Atlas Shrugged reference: you're actually equating nationalizating a steel company with asking that a public photo printing site be more open with its books?
  • vv · 2 years ago
    why don't enterpreneurs like Jim who created the bubble in the first place suggest a balance between no regulation and SO. SO might well be an over-reaction, but to throw a tantrum (given the extent of capital loss they caused) seems irresponsible.
  • Drake McHugh · 2 years ago
    Go Dark! Go Private!
  • Blog Comment Poster · 2 years ago
    This comment was posted automatically using Blog Comment Poster software. Would you like to make serious money in this way of advertising too? So start today!
  • tips · 2 years ago
    Hello, I just wanted to say you have a very informative site which really made me think, Thanks ! A site with a wealth of info.!...thanks very much! Have a nice Day!!