One goal of Sarbanes-Oxley (Sarbox news) was to ensure that the information disseminated by companies was accurate and that executives were accountable for it. But you often hear Sarbanes-Oxley used as excuse. Executives are so concerned with saying the wrong thing, they tend to clam up. To be sure, there may be cases where executives use the law as an excuse, though Reg FD is just as applicable. Still, the idea of Sarbanes-Oxley and the chilling effect is explored in Finance & Commerce, which takes a look at the advertising industry.
Says one executive: "We're oftentimes more limited in what we say because we're part of a publicly traded company (IPO news)." The pages of Advertising Age reflect the times. Reporters "used to page through Advertising Age's agency income issue--back when people still paged through publications--to gauge the size of agencies on an annual basis.
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