X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

One year ago, on Aug. 3, Harvey L. Pitt was confirmed by the Senate as chairman of the Securities and Exchange Commission (SEC), and he has been playing catch-up ever since. In those intervening 12 months, scandals have erupted at an alphabet soup of companies–including WorldCom, Xerox, Global Crossing, Qwest Communications, Arthur Andersen, Merrill Lynch, Salomon Smith Barney, KPMG, Adelphia, Halliburton and, of course, Enron. Pitt has also gotten himself into hot water, becoming as much a target as the executives his SEC investigators are scrutinizing. The charge against him? He is soft on corporate types whom he used to represent when he was a top-rung, highly compensated corporate lawyer. New York’s Attorney General Eliot Spitzer, who has been conducting his own inquiries into Wall Street hanky-panky, described the SEC as asleep at the wheel because of an “absolute void of leadership.”

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.