It’s been more than a year since Sun Microsystem’s Jonathan Schwartz complained about the Securities and Exchange Commission being slow to recognize that the Internet exists. He and others lobbied for changes to Regulation FD, a 1934 law about guidance and disclosure to investors.
Why wouldn’t blogs serve the role of a press release, he asked? He put it much better than that:
“we have to hold an anachronistic telephonic conference call, or issue an equivalently anachronistic press release, so that the (not so anachronistic) Wall Street Journal can disseminate the news.”
This week, there was a breakthrough. The SEC’s Special Counsel recommended that the SEC give some leeway with an ‘interpretive release’ so that companies could use web sites and electronic channels to release public information.
Too bad the announcement came via this long, convoluted press release from the SEC. I guess they don’t have someone like Cabinet secretary Mike Leavitt to bring some clarity to this via digital means.
Schwartz hasn’t commented on it yet.
The news about John McCain’s campaign isn’t looking good. Or positive. The folks directing marketing communications have to juggle between keeping too many metaphors alive: Maverick, fighter, experienced politician etc. They forget McCain has another metaphor: celebrity — for the right reasons.
NBC has
So Proctor and Gamble is doing a
A cabinet secretary may not come across as your typical blogger, or PR person. But 
Randy Pausch never met a brick wall he didn’t like. The Carnegie Mellon professor of computer science who inspired his audience -and in this digital age, millions of those who listened to him and watched him and followed his blog — died yesterday.
“Randy died this morning of complications from pancreatic cancer.”