>
Be specific. Which article and which citation? Otherwise this is insinuation or even slanderI’m literally calling out a liar. Not sure how you missed that.
But sure. This is the article [1]. Excerpt from my e-mail to the author:
“I came across your post through Dealbook today. In your article you mention that it is ‘argued that [Sarbanes-Oxley] would hurt initial public offerings, which it didn’t.’ You link through to a working paper on the SSRN at ‘didn't’. From the paper linked to:
‘Although the 2002 Sarbanes-Oxley Act and the 2003 Global Settlement have reduced the attractiveness of being public for small companies, we argue that the more fundamental problem is the increased inability of small companies to become and remain profitable.’
The paper, in whole, posits that structural changes in the attractiveness of exit by acquisition versus IPO are the salient factor behind a secular decrease in IPO activity…Furthermore, the paper directly concedes (see quote above) that SOX negatively impacted IPO activity. This is not how you represented it in your article.”
Eisinger’s response:
“Thanks, [JumpCrisscross], for your thoughts.”
> what you've done here is defame every member of the ProPublica staff, past and present (because you don't name a particular writer or article)
I’m calling Jesse Eisinger unreliable. Since he’s a founder in good standing at Pro Publica, I’m calling out the publication. Honest journalists don’t get free passes for negligent or crooked bosses.
Pro Publica is worth reading. It is not authoritative—it does not hold itself up to journalistic standards, a rot which starts at the top.
(I’ve used the above exchange to block Pro Publica from influencing lawmaking on Cheyenne, Albany, Sacramento and D.C. I would want anything they say independently corroborated before being acted on.)
[1] https://www.propublica.org/article/the-sox-win-how-financial...