Word: hanrahan
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Dates: during 1940-1949
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When the five Securities & Exchange Commissioners picked a chairman last week, they surprised and cheered Wall Street. Their choice: Harry A. McDonald, 55, the first Republican boss of SEC since it was set up in 1934. SEC's three Democratic commissioners voted for McDonald to succeed Edmond Hanrahan, who resigned as SEC chairman last month (TIME, Oct. 24). Although the White House was mum, President Truman apparently approved also...
After nearly 3½ years as the watchdog of Wall Street, Securities & Exchange Commission Chairman Edmond M. Hanrahan, 44, decided that it was time to watch his family's financial security and his wife's health. Last week, "with great reluctance," he resigned from the $10,000-a-year job to return to the Manhattan law firm of Sullivan, Donovan & Heenehan as a partner. No politico, Hanrahan considered SEC a regulatory rather than a reform agency, thus got along fine with Wall Streeters. Besides, he understood Wall Street's problems and talked its language. During Hanrahan...
...fill Hanrahan's term as commissioner, which runs until 1952, President Truman last week nominated Edward T. McCormick, 38, a member of the SEC staff for 15 years. Husky, able Accountant Ed McCormick has headed up many an SEC stock flotation inquiry, including that of the Tucker Corp., some of whose officers are under indictment in Chicago (TIME, June 20). Also nominated to the commission to succeed Robert K. McConnaughey, who resigned last summer, was Washington Lawyer Donald C. Cook, 40, onetime SEC staffer, longtime Department of Justice aide. Later, the five-man commission will elect as chairman...
...four who voted for acquittal simply could not believe that the impeccable Hisses could be guilty of typing the documents. Said Juror James Hanrahan: "They kept referring to a Mr. X, who got into the Hiss house." Said another juror: "They thought Yehudi did it!" The Government said it would try again (probably in October...
...Hanrahan had plenty of potent political backing, including Postmaster-General Bob Hannegan's. So did Jim Caffrey; he had Senate Majority Leader Alben Barkley in his corner. After hours of wrangling, the commissioners put in a call to the White House. President Truman made up their minds for them. He wanted Caffrey...