Saturday, November 7, 2009

Social Control of Corporations

We haven't talked a whole lot about the social control OF organizations (though we did recently mention social control by/in organizations), but it's an important topic and a topic of the moment (with congress thinking about regulation in the wake of this year's economic catastrophe). Here's an editorial from today's New York Times that brings to our attention a current attempt to exempt small (under $75 million) companies from some provisions of Sarbanes-Oxley.
The New York Times
Editorial
Published: November 6, 2009
Things turned Orwellian in the House Financial Services Committee this week when members — with the backing of the White House — passed an investor protection bill that would make it all too easy for thousands of publicly traded companies to cook their books.[ read more...]

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