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OXLEY’S NEW NASDAQ LOBBYIST

Published by claudia March 16th, 2007 in News, SOX, North America Tags: , , , , .

After causing grief and lost millions for many high-tech companies, Michael Oxley is now their new friend in high places.

The veteran politician and co-author of the controversial Sarbanes-Oxley corporate reform law yesterday joined Nasdaq in a newly created job as vice chairman.

The 63-year-old former GOP congressman will become a lobbyist and policy advisor serving CEOs of companies listed on the exchange, which is heavily weighted with tech firms.

Critics of the Sarbanes-Oxley law have blasted its onerous accounting red tape as having blocked many high-tech firms from going public in U.S., instead spurring many to issue shares in London where startups are cheaper and easier.

nypost.com: OXLEY’S NEW NASDAQ LOBBYIST

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