Word: pitt
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This someone looks a lot like Securities and Exchange Commission chairman Harvey Pitt, which is why he makes such an irresistible target and why even the Wall Street Journal's conservative editorial page has suggested that he lacks credibility as the nation's top securities cop. Financial scandals are mounting so rapidly on his watch that Pitt's boldest acts--his recent proposal to create an independent oversight board for the accounting industry, the fraud charges he has brought against WorldCom--seem to come a few beats late. "He is not doing the job, in my opinion," Senate majority leader...
Even Harvey Pitt, the chairman of the Securities and Exchange Commission, who has been criticized for inadequate policing of the markets, has called for a "massive restructuring of the regulatory regime." Here is a blueprint for how to go about...
There is much to protect. According to lawyers for 38 plaintiffs in Rhode Island, the Roman Catholic diocese of Providence operates more than 220 corporate subsidiaries, including the Aldrich Mansion, a sprawling compound on Narragansett Bay where the Brad Pitt movie Meet Joe Black was filmed. Shooting took six weeks on a property that charges $3,000 to hold a baby shower there. The Providence diocese owns $44 million in real estate, and income from its property finances a wide range of social services. Diocese officials argue that it cannot afford to compensate victims of sex abuse...
...Noted "No, he wouldn't have to wear blackface. He's such an extraordinary actor, I think he could pull it off. He would just have to get a deep tan." SEAN "P. DIDDY" COMBS, hip-hop star, on why actor Brad Pitt would be a good choice to play him in a movie about his life...
Another option is to look for free research from firms whose investment-banking operations are relatively small and whose reputation for integrity is relatively strong. These include Keefe Bruyette Woods for banking stocks, Leerink Swan for biotech, Soundview for tech, Fox Pitt Kelton for financial services and Green Street Advisors for real estate. Prudential Securities is moving to join this group by cutting its investment-banking staff and putting more emphasis on unbiased research. Stock calls from these firms are more reliable than from the biggest brokerages, but they still must be vetted for conflicts and used in concert with...