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SOX
by leon on May 29, 2008
Tough being a chief financial officer these days, post-Sarbanes-Oxley.
It seems that CFOs of firms that have had to restate their numbers are more likely to be shown the door and a university of arkansas study, reported here. Not only that, they had more trouble finding a job after they were kicked out.
The researchers say Sarbanes-Oxley imposed greater accountability on CFOs. But what's more likely is it's made it more difficult for companies to take them on and give them a second chance.
Permalink: SOX and CFO exits
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Tough being a chief financial officer these days, post-Sarbanes-Oxley. It seems that CFOs of firms that have had to restate their numbers are more likely to be shown the door.
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