SEC's Cox uses blogs as a public sentiment indicator
Chris Cox, who became the first SEC chairman to post to a blog last month when he commented on Sun Microsystems CEO Jonathan Schwartz's, uses blogs to take the public's temperature on issues:
The chairman of the U.S. Securities and Exchange Commission, a technology cheerleader who recently posted on a corporate blog, said on Monday that he uses blogs to gauge public reaction on securities issues.
Christopher Cox, speaking at the Reuters Regulation Summit in Washington, also said the commission will be looking further at what corporate Internet posts might constitute public disclosure.
"Blogs are a great way to infer passion and depth of feeling," he said at the summit. "They give you an early read on the ... response you might expect."
But Cox said he does not rely on blogs to find the way forward on tough issues. "Blogs in many cases are so irreverent," he said. "They don't wait for facts."
Comments