Compliance as a driver for LBO's and going private
In the Identity world I couldn't help but wonder if companies are questioning is it really worth what we spend since there are no definitive answers about what is right and what is not. Based on my observations from the trenches, so long as companies are working on compliance, aka have a budget and consultants helping them, then they are ok, at least with Sarbanes-Oxley. I ask - to what end?
It is like owning a boat - it's a big hole in the water you throw lots of money into. Complaince is the new QE 2 in this metaphor.
If anyone out there has any additional insight as to whether or not our discussion has any merit, please let me know. It seems some companies would rather spend the compliance dollars into running a tighter ship their way, not by loosely defined laws cooked up by legislators.