Thursday, June 09, 2016
Public company costs
The SEC is complaining that companies aren't going public, and their investors would do better if there was more regulation.
That these things were written without irony shows how unmoored our discussion of corporate governance has gotten from reality. Clearly, the poor investors of Uber, Airbnb, and Snapchat must be slapping their foreheads, saying “THAT’s why success has eluded us! We need more SEC oversight!”Oy.