Corporate Governance

The Obama Administration and the Chairman of the SEC (Part 2)

By J. Robert Brown

More names in the rumor mill for Chairman.  We confess that none of these names came from anyone directly associated with the Obama Administration.  Moreover, the plethora of names suggests that the incoming Administration has not really focused on the issue.  The additonal names include:

• Gary Gensler, a former Goldman partner and Undersecretary of Treasury under President and who heads the transition team studying the SEC, although he would apparently prefer a position in Treasury; 

• Mary Shapiro, the CEO at FINRA who has had experience as a commissioner at the SEC (including acting chairman) and as chairman at the CFTC and might be the right person to engineer a merger of the two agencies; and

• Sheila Blair, chairman of the FDIC, who has made quite a name for herself as an advocate for failing homeowners. 

Full post as published by The Race to the Bottom on November 23, 2008 (boomark / email).