October 13, 2004
Ranting from Tom Siebel About Sarbanes-Oxley
Certainly Tom Siebel is entitled to his opinion, but what up, Tom? Aren't CEO's supposed to delegate some of these functions to the CFO? Also, does a CEO want to be totally blind on important control issues? Don't these issues contribute to the "Big Picture"? Get with it Tom!
An excerpt on this topic is here:
"We might have killed the goose that lays the golden egg," Siebel told those gathered for an annual cocktail event put on by Silicom Ventures, a sort of private equity matchmaking group. Siebel said the costs associated with Sarbanes-Oxley haven't been calculated yet, as management teams spend increasing amounts of time sweating over issues that affect margins rather than on big-picture business decisions. Perhaps the most damaging impact, he said, is the creation of an increasingly risk-averse business infrastructure. "You're mitigating every possible risk that can be conceived," Siebel said. "Risk didn't use to be a bad thing." As a result, Siebel suggested that the biggest opportunities over the next 10 years are in China and India. "
To see the complete article, click here.
For complete information on how your company can help effectively and affordably meet your Sarbanes-Oxley obligations, see www.issuescentral.com or call (416) 977-1496.
An excerpt on this topic is here:
"We might have killed the goose that lays the golden egg," Siebel told those gathered for an annual cocktail event put on by Silicom Ventures, a sort of private equity matchmaking group. Siebel said the costs associated with Sarbanes-Oxley haven't been calculated yet, as management teams spend increasing amounts of time sweating over issues that affect margins rather than on big-picture business decisions. Perhaps the most damaging impact, he said, is the creation of an increasingly risk-averse business infrastructure. "You're mitigating every possible risk that can be conceived," Siebel said. "Risk didn't use to be a bad thing." As a result, Siebel suggested that the biggest opportunities over the next 10 years are in China and India. "
To see the complete article, click here.
For complete information on how your company can help effectively and affordably meet your Sarbanes-Oxley obligations, see www.issuescentral.com or call (416) 977-1496.
