So much for retirement. A little more than two months after leaving Congress, former representative Michael Oxley -- half of the name on 2002’s landmark corporate governance legislation, the Sarbanes-Oxley Act -- picked up not one but two jobs. The 63-year-old Ohio Republican was named an “of counsel,” or consulting lawyer, for Cleveland-based law firm Baker Hostetler. He also became nonexecutive vice chairman of Nasdaq, where he will work with listed companies’ CEOs and board members on public policy issues. Oxley had a longtime friendship with Gordon Macklin, who was president and CEO of Nasdaq from 1971 to 1987 and died in January. One of today’s top policy issues, of course, is the debate over whether Sarbox has made U.S. markets and companies less competitive globally. Oxley dismisses the critics. “The concept of Sarbanes-Oxley has been adopted all over the world,” he points out, adding that “some feared it would result in a race to the bottom. But we set a standard that has been emulated.”
