The headline tells one story, the piece says something else.

The Financial Times headline and opening pars talk about almost one in five European companies listed in the US contemplating an exit to escape the constraints of Sarbanes-Oxley.

But when you read the entire piece here, you can see the picture is more complicated.

While 17 per cent said they might leave the US market - and that's including the 9 per cent who said they "might" - the survey found that about 59 per cent said they would not withdraw from the US, 81 per cent said Sarbox had reinforced the efficiency of their internal controls and 67 per cent said it had improved the transparency of their annual reports.

Rather than creating an Exodus, this report seems to confirm that Sarbanes-Oxley is here to stay. A closer look at the data suggests a mass exodus is unlikely to happen. The Europeans even seem to like it.