Pelosi’s Principles
Revising Sarbanes-Oxley “will take bipartisan cooperation,” says Robert Grady, a former aide to President George H.W. Bush who now oversees U.S. venture investments for the Washington-based Carlyle Group, a private-equity company.Grady, who’s also chairman of the venture-capital association, says the timing is good because both the law’s authors, Maryland Democratic Senator Paul Sarbanes and Ohio Republican Representative Michael Oxley, are retiring at the end of the year.
“There is a certain reluctance among members of Congress to offend them while they are there,” says Grady, 49.
Imagine that. These birds would rather destroy American business than “offend” the clodhoppers that saddled business with this crippling disease in the first place.
If there wasn’t any better reason to impose term limits, this one would do all by itself.