#3 Dave | 2008-02-23 21:59
It is a huge bottleneck worldwide to find good programmers and to find IT people who really understand data architecture. It takes a high IQ to master these fields.
This is a very big deal and government is way behind the curve.
Sarbanes Oxley regulation is off the charts in its stupidity. The regulators who are writing standards for American corporate transparency have no knowledge of data architecture. That is like a committee of blind persons appointing themselves society's official mapmakers. The results are absurd to be beyond belief. Hundreds of billions are being wasted on this account.
Sarbanes Oxley is truly historic in the mess it has created and in its complete ineffectiveness. One of its predecessors, the Foreign Corrupt Practices Act, pales in comparison.
A milestone in "management" political correctness happened in the late 1970s when we got the "Foreign Corrupt Practices Act" after a scandal involving Boeing and Lockheed bribing foreign government procurement officials to buy American aircraft.
So the bribery that is standard operating procedure throughout the third-world moved to offshore trading companies. Today, American corporations' brides are concealed in the broker's commissions of trading companies that now give the required degree of separation so American companies can avoid getting nailed under the Act's provisions.
Chinese and Vietnamese government procurement officials, for example, just love America's Foreign Corrupt Practices Act. Now all they do is sit back and let all these trading company hustlers, from trading companies domiciled in whatever venue has the most incompetent police and tax auditors, compete with each other in arranging the biggest bribe. The winner is the trading company salesperson willing to give the procurement official the biggest kickback from his sales commission, a commission that is then billed to the American corporation as a legitimate broker's commission.
A person with an 80 IQ could have figured out how to get around the Foreign Corrupt Practices Act. But political correctness requires us to pretend the Act is effective in its goals.
There is no need to "get around" Sarbanes Oxley. Sarbanes Oxley is so absurd and ineffective that it has to compare with those women's bra manufacturers everybody jokes about in the old Soviet Union.
That was a bunch of old men in senior management positions whose job it was to sit around and try to figure out the demographics of female tit size throughout the Soviet Empire. It didn't matter, the actual bras manufactured were so shoddy and uncomfortable no women would wear them anyway.