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A Changing of the Guard at the SEC: Will Corporate America Get a More Sympathetic Ear?
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******************************** A Changing of the Guard at the SEC: Will Corporate America Get a More Sympathetic Ear? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1233 During his 28 months as chairman of the Securities and Exchange Commission, William Donaldson turned out to be something of a surprise. A Republican and longtime securities industry insider, Donaldson repeatedly sided with the two Democratic commissioners to push through a series of post-Enron market reforms that irritated Wall Street and corporate America, but were applauded by investors' groups. With Donaldson stepping down June 30, will the regulatory pendulum swing the other way under Christopher Cox, the conservative California Congressman Bush has nominated as the next SEC chairman? And just what kind of legacy is Donaldson leaving?
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