Going Private: “Going Private”
“The number of public companies going private has increased since the Sarbanes-Oxley Act was enacted on July 30, 2002, according to a recent press release published by accounting and business advisory firm Grant Thornton. From August 2002 to November 2003, 30% more companies went private as compared to the 16-month period preceding the initiation of the Act. ”
– Run bad guys run! Now go after the private companies to protect their investors. Sarbanes-Oxley holds people responsible, something that should have been done long ago. -ed.