Corporate Governance

The Obama Administration and the Chairman of the SEC

By J. Robert Brown

Politico, which seems to have a pretty good ear to the ground on political developments, has put up an article speculating on possible replacements for Chris Cox at the SEC.  The article atributes the names to the inside the beltway rumor mill.  The list includes:

• Bill Brodsky, the chairman and CEO of the Chicago Board Options Exchange who has also served as president and CEO of the Chicago Mercantile Exchange.

• Nancy Smith, vice president of AARP Financial Inc., a registered investment adviser and subsidiary of the seniors’ lobby. She’s also been director of the SEC Office of Investor Education and a New Mexico securities commissioner.

• Mellody Hobson, president of Ariel Investments, a financial contributor on Good Morning America, a director of Starbucks and two other companies and a former Princeton University trustee.

• Bob Pozen, chairman of MFS Investment Management. He’s the former vice chairman of Fidelity Investments and president of Fidelity Management & Research Co. and was on President George W. Bush’s Commission to Strengthen Social Security in 2001 and 2002. In 2003, he served as secretary of economic affairs to then-Massachusetts Gov. Mitt Romney.

• Bill McLucas, chairman of the law firm WilmerHale’s Securities Department and a longtime member of the SEC’s Division of Enforcement, serving as its director for eight years.

• Harvey Goldschmid, a Columbia Law School professor and former SEC commissioner (2002-2005) and General Counsel (1998-1999).

• Damon Silvers, associate general counsel for the AFL-CIO and a member of the Public Company Accounting Oversight Board standing advisory group, among other corporate governance task forces.

Full post as published by The Race to the Bottom on November 20, 2008 (boomark / email).