Wednesday, September 19, 2007
Companies are leaving the NY Stock Exchange
So far this year 34 foreign companies have left the NY Stock Exchange. This is happening because of the shift of global markets. Foreign companies are no longer dependent on the United States and other countries are developing their markets. Our regulatory system will have change in order to continue to attract investment. What is also happening is the domestic companies are looking elsewhere to invest. The advantage of the United States has always been its ability to attract the best and most innovative companies in the world. This needs to continue in order to stay competitive in the global market. One of the main reasons is a hostile litigation environment. The law system is confusing and too complex therefore companies must pay more in litigation costs to handle these laws. Changing the regulatory system is a good place to start.
Posted by Archie Jeter at 8:04 AM