I got an unbelievable email today. It read:
I've been assisting my clients on their BOD searches (especially CFO/Audit Committee/Sarbanes-Oxley types).
Examples of my current candidates interested in
-Former PeopleSoft CFO
-Former Intuit CFO
-Former Novell CFO
-Former LSI Logic CFO
-Former Redback Networks CFO
-Former NVIDIA CFO
-Former Sanmina CFO
-And I have other candidates similar to these, in most
industries (ie, Semiconductor, Software, Networking,
Let me know if you have an interest in talking with
any of them in regards your current Board openings.
Ridiculous. I am deeply skeptical of the broad efficacy of Sarbanes-Oxley in combatting corporate corruption. Worse yet, look at what it has spawned. Never before have former CFOs been in such demand. That can't be a good sign.