WASHINGTON-President George W. Bush announced his choice of Bill Donaldson as the new Securities and Exchange Commission chairman last week. Donaldson has founded a leading investment banking firm, chaired the New York Stock Exchange, and was the founding dean of the Yale School of Management. He is also a Marine Corps veteran. “Bill Donaldson will be a strong leader with a clear mission, to vigorously enforce our nation’s laws against corporate corruption and to uphold the highest standards of integrity in the securities markets.” Bush said during the announcement. “He’s an experienced and dedicated public servant. He’s a good man.” Harvey Pitt resigned as SEC chairman around the beginning of November. The president explained that the SEC filed a record number of actions for financial reporting and disclosure violations and the agency is “moving forward on many fronts.” The agency has taken a beating this year with several corporate scandals bubbling to the surface, including Enron and WorldCom’s accounting troubles.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.