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January 16, 2007

All Business: Sarbanes-Oxley ‘reform’ a bad idea for investors

By RACHEL BECK
AP Business Writer

NEW YORK — Critics trying to build support for a rollback of corporate reform laws argue that they're way too costly and have taken all the fun out of doing business in America. Those are lame excuses.

The latest rant comes from Shutterfly Inc. chairman Jim Clark. He said he is leaving the online photo company because the Sarbanes-Oxley law has taken reform “too far” and was crimping his ability to lead the way he wanted.


 
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