Episode 116: The Sarbanes-Oxley Act
Today's missing curriculum includes the quote of the day from George Bernard Shaw about circumstances, the discovery of crude oil saves the whales in 1859, the birth of Charles Kettering in 1876, the birth of what became The Yellow Cab Company in 1910, the meaning of "inner capped," and a Reuters mishap involving The Titanic.
Russ interviews Michael Oxley, former chairman of the House Committee on Financial Services, co-author of the Sarbanes-Oxley Act of 2002, and vice chairman of NASDAQ. In this segment, one of our most interesting interviews, Oxley discusses changing global economics; the cost of regulation in a post Sarbanes-Oxley world; and offers perspectives on entrepreneurship in our free enterprise marketplace.
Russ shares key parts of an interview with Chris Sullivan, Founder, Chairman and former CEO of Outback Steakhouse. Russ includes Sullivan's start in the restaurant industry (washing dishes) and its sports-like attributes. Sullivan also offers his perspective on Sarbanes Oxley and how it directly affected his decision to leave his position as CEO of Outback Steakhouse.
This week Greg Price presents information to consider when thinking of forming an S Corporation. Tune in next week for the final segment on S Corporations.