Tuesday, November 18, 2008
"A senior [SEC] official is leaving the agency, in what is likely to be one of many departures at the SEC. John White, director of the corporation-finance division, which oversees corporate disclosures and shareholder issues, is returning to New York law firm Cravath, Swaine & Moore LLP [CS&M]. He will advise corporate boards on governance issues. ... Mr. White, 60 years old, took the post in 2006, when the agency was grappling with concerns that regulations were driving companies away from the U.S. He spearheaded several efforts to address that, including loosening a Sarbanes-Oxley Act provision that requires companies and outside auditors to review internal controls over financial reporting", Kara Scannell at the WSJ, 7 November 2008.
We out here in the hinterlands thank CS&M for "lending" the SEC one of its partners.