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...deny that there are serious flaws with the current procedures for determining commission members, I ask that they seriously consider that the majority of important commission votes have ended up strictly along party lines—three-to-two or two-to-three. Most recently, the vote to bring suit against what President Obama has implied as the center of all evil on Wall Street—Goldman Sachs—broke down to a vote of three Democrats against two Republicans. It was blatantly obvious to everyone that the SEC was politically motivated to bring this suit...

Author: By Walter B. Schubert | Title: Reforming the SEC | 5/27/2010 | See Source »

Today’s SEC is too political and a fiendish meritocracy. Underpaid and undereducated, the SEC staff and enforcement personnel must bring home the bacon to headquarters, or their jobs are on the line. (Was Shapiro’s deciding vote against Goldman intended to make up for her sin of oversight with Madoff?) The SEC staff, like the traffic cop at the end of the month, must meet a quota for writing tickets—or, in effect, they must find some dirt on the companies they examine, whether it’s there...

Author: By Walter B. Schubert | Title: Reforming the SEC | 5/27/2010 | See Source »

...it’s never going to happen. But what we can have is a shift to a corporate culture in which employees at any firm who see dishonorable behavior known to be illegal or not in the best interest of the firm are encouraged, if not rewarded, to bring their concerns to the compliance department or the company’s office of legal council. This is critically important to restore a code of honor and ethical behavior in these companies where the temptation to succumb to greed is all too great...

Author: By Walter B. Schubert | Title: Reforming the SEC | 5/27/2010 | See Source »

...that riled up students most, however, was the cessation of weekday hot breakfast in House dining halls at the beginning of the year. Although not as damaging to students as other cuts that were originally suggested, we still believe the College should listen to students’ requests to bring back eggs in the morning in the Houses, given that the lack of hot breakfast caused so much of an outcry on campus that it became nationally reported. We are glad that the Undergraduate Council in particular was involved in working with the administration to rectify what many students find...

Author: By The Crimson Staff | Title: Necessary Compromise | 5/27/2010 | See Source »

...clear that there was no institutional place for Women’s Studies,” said Young, now a professor of English and Gender Studies at Mt. Holyoke College. “We knew there was extremely exciting intellectual work out there that we really wanted to bring to Harvard...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Students and Faculty Fight for Women’s Studies | 5/27/2010 | See Source »

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