San Jose State University, Department of Economics
DAVID S. SAURMAN PROVOCATIVE LECTURE SERIES
presents:
Martin Krolpelnicki
"Government's War on Corporations:
The Pernicious Effects of Sarbanes-Oxley"
Thursday, December 1, 2005
5:15-6:45 P.M.
Dr. Martin Luther King, Jr. Library
Room 225 (Second Floor)
STUDENTS, FACULTY, AND THE GENERAL PUBLIC ARE ALL WELCOME TO ATTEND.
Sarbanes-Oxley, the 2002 corporate-reform law, is designed to nip
corporate fraud in the bud. But like the government's failed war on drugs
and war on poverty, this war on the publicly traded corporation is causing
far more harm than good. Based on his considerable CFO experience and
research, Martin Krolpelnicki provides a real world analysis of the law's
impact on company compliance costs and how it is changing the structure of
business. He explains that by penalizing businesses that take their
shares public, Sarbanes-Oxley creates more busy work for accountants while
discouraging capital accumulation, innovation, and startups. The costs
might be worthwhile if there were benefits; but this law does nothing
effective to reduce corporate fraud. The serious impact Sarbanes-Oxley has
on corporate structure makes this presentation a must for future
legislative analysts and prospective entrepreneurs.
Martin Krolpelnicki has over sixteen years of experience in corporate
finance and eight years of experience as a public company Chief Financial
Officer. He is currently CFO at Powerlight Corporation. He is co-author
of a 1996 industry study, "The Restructuring of the Utilities Industry: An
Examination of Industry Evolution," published by the Auburn
University-Auburn Policy Research Center. Krolpelnicki shares his
research on Sarbanes Oxley with presentations at professional
organizations such as California Society of Certified Public Accountants.
Currently, he shares his experience and expertise with SJSU students as a
lecturer in the Department of Economics on principles of investment and on
mergers and acquisitions.
ABOUT THE DAVID R. SAURMAN PROVOCATIVE LECTURE SERIES: The Department of
Economics invites students, faculty, and the general public to consider
intellectual arguments on controversial topics. Presenters in the
Provocative Lecture Series are noted for their outstanding scholarship and
public speaking ability. This lecture series fosters the tradition of
higher education to challenge ideas and develop critical thinking in an
environment of respect and intellectual discourse. Our goal is for you to
develop the critical thinking skills necessary to reach your own informed
position on controversial issues. We invite you to attend, to relax, to
ponder, and to enjoy the thought process.