RE: RE: Sarbanes-Oxley / my opinion

midrange-l-request@xxxxxxxxxxxx wrote:

>   3. RE: Sarbanes-Oxley / my opinion (Doug Hart)
>
>SOX does not help our company build or sell product but has cost us big
>bucks.  Tell that to the stock holders.

Out of curiosity, regardless of my employer (PowerTech), I have to ask --

How were stockholders answered when they asked how often company information 
assets were abused, stolen or altered without authorization and what the losses 
amounted to? In a physical sense, would stockholders be pleased to know that no 
one locked doors and there were no alarms in the buildings to notify someone of 
an overnight break-in?

I would think that if such things were well handled before SOX, then there 
shouldn't have been a significant cost resulting from SOX.

I know this has sounded confrontational, but I really have little idea (as far 
as SOX goes for policy implementation). My view is obviously from a very 
different perspective. I figure that anything I can learn from another 
perspective gives me a better chance of doing my work better.

Tom Liotta


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