Random thoughts: unreasonable regulators, no-hype newsletters, uninvited sales calls and "reputation managers.".(The Ethical Advisor)(Editorial)

Publication: Research

Publication Date: 01-JUL-05

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COPYRIGHT 2005 Adams Business Media

With apologies to Thomas Sowell, here are some random thoughts on the passing scene:

SEC rules enacted last year under Sarbanes-Oxley section 409 require corporations to report material events within four days of their occurrence. But the government does not specify exactly what is "material," leaving corporations to guess. According to David Katz writing for CFO.com, the failure to report exposes companies to shareholder lawsuits.

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But premature disclosure could trigger a drop in share price that could also result in a lawsuit. If I told my kids there would be consequences if they failed to do what they're supposed to do, they'd clamor to find out what I expect of them. Uncle Sam's not being especially fair or reasonable right now, and the regulatory environment is retarding economic growth and jobs (except perhaps for lawyers and compliance staff).

Why do only professors get sabbaticals? Is teaching two or three classes, holding weekly office hours and getting summers off so demanding? Actually, the Ivory Tower is generally thought to be a cushy job (although academics typically work awfully hard to achieve tenure).

I'd...

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