Submitted by Alex Epstein (junior fellow at the Ayn Rand Institute):
That America's honest, productive businessmen are spending their time and shareholder money to "prove" they are not criminals—when they could be spending those hours and dollars on R&D, new product launches, or mergers and acquisitions—is a monumental injustice. Is it any wonder that misery among top executives is reported throughout corporate America, that top executives are departing at record rates, that more and more public companies are going private, that only a small fraction of the largest IPOs last year took place in the United States? Sarbanes Oxley must be repealed—not "relaxed," as many business groups are timidly suggesting. And we must start treating businessmen as American citizens: innocent until proven otherwise.