Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:GOP Senators Troubled by SEC's Donaldson Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, May 23, 2005

GOP Senators Troubled by SEC's Donaldson

by: Theresa Sim

Several Republican senators expressed concern about SEC Chairman William Donaldson's leadership of a divided commission during a hearing of the Banking and Finance Committee, reports the Financial Times.

Committee chairman Richard Shelby (R, Alabama), who headed the committee's mutual fund hearings, said that some were troubled about the lack of consensus in votes that were only approved by three commissioners, such as the independent director rule.

Committee member Mike Crapo (R, Idaho) expressed similar concerns, who said that he thought the apparent divisions were "disturbing."

Donaldson, according to the FT, fought back, comparing his record of consensus-making to his predecessor, Harvey Pitt. Under Donaldson's leadership, 98 percent of 3,000 votes have been unanimous, compared to 99 percent for Pitt.

"I want to assure you I have worked very hard to get consensus - very, very hard," Donaldson told the committee. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use