Presidential Confab to Discuss Regulatory Burdens But Not Those On Small Biz?

financialwire.net ^ | 12/13/2003

[JustaCowgirl]

Dec 13, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Dell (DELL) CEO Kevin B. Rollins, Home Depot (HD) CEO Robert Nardelli, Time Warner (TWX) CEO Richard Parsons and hundreds of business executives have been summoned to a two-day confab with President Bush, Vice President Cheney and the returning Secretary of the Treasury John Snow, himself a former CEO, at CSX Corp. (CSX). The president wants to focus on capping lawsuit damages, Social Security reform and simplification of the tax code. --snip-- The confab, however, does not appear to include representatives of small public corporations where the unproportional costs of Sarbanes-Oxley are searing the profits from the companies and their shareholders and driving many of them out of the public sector or out of business altogether.

[JustaCowgirl]

Don't be quick to dismiss the concerns expressed in the last paragraph as disgruntlement. This group is probably as big a Bush supporter group as there is.

It is true that Sarbanes-Oxley is a big burden on a small corporation. They should be represented.