November 4, 2002 |
President Bush is near a decision to oust Harvey L. Pitt as chairman of the Securities and Exchange Commission, a senior White House official said Sunday. The decision on Pitt's future, however, isn't likely to be made final, let alone public, until after Tuesday's elections and possibly not until a bit later in the year. Bush could remove Pitt as SEC chairman but cannot drive him off the independent commission if Pitt refuses to go.
November 2, 2002 |
White House officials carefully distanced themselves Friday from embattled Securities and Exchange Commission Chairman Harvey L. Pitt, saying the administration was awaiting the outcome of inquiries into whether he withheld potentially damaging information about his choice for a top oversight job. Away from the White House, senior Republicans focused on the potential political fallout of the flap, grumbling that Pitt had put President Bush in an awkward position just before Tuesday's election.
October 10, 2002 |
Congress' two top Democrats wrote to President Bush on Wednesday seeking the resignation of Securities and Exchange Commission Chairman Harvey L. Pitt and questioning the SEC chief's handling of the creation of a national board to police corporate accounting. Senate Majority Leader Tom Daschle (D-S.D.) and House Minority Leader Richard Gephardt (D-Mo.
October 10, 2002
The recent conduct of Harvey L. Pitt, chairman of the Securities and Exchange Commission, is a sharp reminder of why the nation's chief fiscal watchdog needs watching. Despite his promises to clean up the accounting industry, Pitt is mired in his own flagrant conflicts of interest. He is also reported to be backpedaling on appointing a strong independent oversight commission.
August 6, 2002 |
Securities and Exchange Commission Chairman Harvey L. Pitt's one-year pledge to sit out votes on cases involving former clients has expired, leaving him free to act on all issues before the agency. The former securities lawyer, who was sworn in as SEC chairman a year ago last Saturday, said he will decide whether to participate in agency actions case by case. Those judgments may include whether to vote on possible civil charges against bankrupt energy trader Enron Corp.
July 9, 2002 |
President Bush on Monday stood by the besieged chairman of the Securities and Exchange Commission while rejecting suggestions that his own past business conduct may rob him of credibility. During a news conference, Bush found himself repeatedly on the defensive on the eve of his long-awaited speech on Wall Street, in which he is expected to demand tougher penalties against dishonest executives and give the SEC significantly more money to investigate illegal business practices.