We've written before that it's far too easy to blame the tough requirements in Sarbanes-Oxley for business or market failures: If we're losing money, it's because we had to spend so much on Sarbox compliance, darn it.
Certainly, the U.S. stock exchanges are losing listings to London and other markets because Sarbanes-Oxley is too burdensome. So yes, some of the complaints are legitimate. But others are just plain out there.
A blog post we found today at CSOonline.com is definitely at the latter extreme, as far as we're concerned. The writer says Ponemon Institute founder Larry Ponemon defends pretexting -- which got various HP board members into so much trouble -- as a legitimate surveillance practice that is not illegal in this country.
He agrees that HP execs went a little too far, but he also blames the existence of pretexting and similar practices on Sarbanes-Oxley and the fact that it calls for diligence in investigating and stopping corporate leaks.
Huh? So does that mean that the individuals involved aren't responsible for their own actions? Call us old-fashioned, but we think not.