Biz Watch

Paying By The Rules
The movement to clean up bad corporate behavior in the U.S. has finally run into a business backlash. The chief target of corporate ire is the Sarbanes-Oxley Act, a law passed in 2002 that imposed tough new rules for how public companies — including many European ones — report their numbers. New provisions of the law continue to kick in, which might explain some curiously timed events. (Does the outgoing CFO of Linux peddler Red Hat really want to spend more time with his family?) Partly because of the stringent law, fewer foreign firms...

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