Hi All:

These items that Rick Coffin forwarded are interesting.

Regarding SOX and the complaints that it is a big power grab by meddling
regulators, etc., I'm reminded of response to the Securities Act of
1933:

"Provisions for such sweeping potential liability caused shock and
indignation among the phalanxes of New York lawyer who reviewed the
legislation.  One investment banker, Eustace Seligman, thought the
entire concept unnecessary, explaining that 'bankers of standing and
financial responsibility have in every case that I have been associate
with gone to extreme caution.'  Felix Frankfurter, a Harvard Law School
professor and one of the drafters of the bill, regretted that men of
Seligman's probity and honesty had not be connected with all security
issues.  'Then, He added with sarcasm, 'there would be no need for any
corrective legislation.'"

Dan Warner

-----Original Message-----
From: Academy of Legal Studies in Business (ALSB) Talk
[mailto:[log in to unmask]] On Behalf Of [log in to unmask]
Sent: Wednesday, February 08, 2006 5:37 AM
To: [log in to unmask]
Subject: 

Colleagues: I have attached to items from today's news you may find of
interest.  I would be interested in your thoughts regarding the likely
success of the challenge to SOX.
 
Rick