Sam Zell, chairman of the board of Equity International, spoke to a full house at Stanford Law School about the role of governance in the public equity markets. His talk, called "Make Me an Offer': Sam Zell and the $39-Billion Buyout of Equity Office Properties," was sponsored by the Arthur and Toni Rembe Rock Center for Corporate Governance.
The Stanford Daily reported:
He focused on the value of a strong board of directors and decried what he said was increasingly excessive government regulation of public companies, spurred by the landmark 2002 Sarbanes-Oxley Act.
“It puts the U.S. markets at a disadvantage to the rest of the world,” he said. “I think it is putting the United States behind the eight ball.”