Slashdot Mirror


How To Create More Jobs

TechDirt is spotlighting a call by Michael S. Malone, a columnist for ABCNews.com, for letting Silicon Valley create jobs once more. Malone argues that Sarbanes-Oxley and other attempts at accounting reform have done little to prevent fraud, but in fact have managed to kill off an entrepreneurship-venture capital-IPO cycle, centered in Silicon Valley, that has taken 30 years to nourish. Here's TechDirt: "...it's time to roll back SarbOx and other accounting rules that have acted more for theatrical purposes rather than any legitimate reason. Basically, all they've done is create new reporting requirements that do little to nothing to either prevent fraud or clarify a company's actual financial position (its intended purpose). I'm all for radical transparency in financial info, but that's not what has been done. Instead, we've made it burdensome to actually grow a company — and that doesn't help create jobs. It helps kill them."

2 of 368 comments (clear)

  1. Create more Jobs?? NOOOO!!! by commodoresloat · · Score: 0, Redundant

    Look, I love Apple products as much as the next guy, but one Steve Jobs is more than enough for anyone.

  2. Take one Job... by Helldesk+Hound · · Score: 0, Redundant

    ... and mate it with another - preferably of the opposite sex and preferably married.

    Viola. More Jobs. ;o)

    Heh heh.

    Yeah - I know - So that was just a tad bit too microsoft even for here. But hey - its Christmas Eve already and an hour ago I finished work for the year. :o)