SEC Chairman-in-waiting will actually divest
Announcing that William Donaldson, the Chairman-designate of the Securities and Exchange Commission, will sell his entire stock portfolio, the Bush White House radiates ethical standards -- only anyone in their right mind would have expected this in the first place. Loved this passage at the end of the Washington Post story:
Posted by Mitch Ratcliffe at January 30, 2003 09:50 AM | TrackBack
Donaldson stepped down as chairman of Aetna in April 2001, a little more than a week before the company warned that its quarterly results would be "significantly lower" than had been expected. Aetna has said the suit has no merit.
Donaldson's office referred all calls yesterday to the White House.