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...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's reign as chairman, the Hoover Commission praised SEC as "an outstanding example...

Author: /time Magazine | Title: GOVERNMENT: On the Move | 10/24/1949 | See Source »

...Hanrahan, no politico, is a partner in a Manhattan law firm (Sullivan, Donovan & Heenehan). Though he professes to have no Wall Street clients (except one Government bond house) the downtown location of his office was enough to arouse some congressional opposition to putting a "Wall Streeter...

Author: /time Magazine | Title: New Face for SEC | 7/8/1946 | See Source »

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