Public vs. Private — Wall Street Sways Fortunes

Wall Street, that is. And, in this regard, never has the phrase “perception is reality” rang more true.

“When you’re publicly traded, you talk about the business of being a business,” adds Baksha, whose company was sold in 2006 for $46 million to Vista Group Holdings, a private equity group that includes former Banta CEO Calvin Aurand. “It’s perception. How you have to deal with Sarbanes-Oxley and what others are saying, which adds absolutely no value to the company.”