Word: pollack
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...name is Irving M. Pollack, but to his staff he is "Irv." He often answers his own phone. His clothes appear to come from off the rack at Macy's. Peering into a legal brief through smudged spectacles, he looks like a bookkeeper on his way to nowhere. But he has long been the Securities and Exchange Commission's top cop as head of its tough Division of Enforcement and previously chief of its Division of Trading and Markets. Last week President Nixon promoted Lawyer Pollack (magna cum laude, Brooklyn Law School) to become...
...three times before in his 27-year SEC career, largely because he has not built a political base by cultivating Congressmen or influential Wall Streeters. Now, with the Administration struggling to restore confidence in Government and the SEC striving to revive faith in the securities markets, Pollack's moment has come. Says an SEC staffer: "Because of Watergate, the Administration had to come up with a completely honest...
...Pollack, 55, never accepts even a free lunch from anyone in the securities business. He lives in a modest house that he bought in 1956 for $18,500. If he left Government, he could easily multiply his salary of $36,000; as a commissioner, he will get a raise...
Directed by SIDNEY POLLACK...
Some staffers grumble privately that he was less than vigorous in pressing the whole Vesco investigation, which, they claim, reached the courts because of the efforts of two career investigators, Stanley Sporkin and Irving Pollack. There is even speculation in the agency that Cook may have used his inside knowledge of the Vesco contribution to pressure the Administration into naming him, a relatively unknown Midwestern Republican lawyer, as SEC chairman...