In the modern Sarbanes-Oxley environment, smaller companies that can’t stomach the onslaught of accounting and securities requirements should abandon their listings and turn to surging private equity sources, says James Quigley, CEO of Deloitte & Touche USA.
“There’s a lot of concern for smaller public companies, but doing business in the capital markets is a privilege, not an entitlement,” Quigley said in an exclusive interview to preview remarks he will deliver as a speaker at the Financial Executives International Summit 2005 beginning tomorrow, May 18, in Chicago. “If you want to enjoy the privilege and the benefits of raising capital in public markets, you have to pay the cost.”
