Word: sec
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Dates: during 2000-2009
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...Clearly, we think the SEC settlement is further evidence that Lewis should go," says Sevice Employees International Union Stephen Lerner, who heads SEIU's financial-reform campaign. "It is extraordinary that Lewis has remained this long under these circumstances...
...pretty miserable piece of advertising," says Barbara Lippert, a critic for Adweek, the trade publication. "It's as dumb as can be, and talks down to us. He's like an Elmer Fudd who never made it out into the country." Every moment of a 30-sec. spot is valuable. Why sacrifice precious time to a character with no natural connection to an amusement park? And how exactly does a creepy old man in a bow tie appeal to the kids that drive Six Flags' business? "I don't think many 11-year-olds relate to George Burns types," says...
Madoff pleaded guilty on March 12 to 11 felony counts, including securities fraud, perjury, investment-adviser fraud, mail fraud, wire fraud, three counts of money laundering, false filings with the SEC and theft from an employee benefit plan. The scam's victims included high-profile celebrity names such as actress Kyra Sedgwick, actor Kevin Bacon, director Steven Spielberg, actress Zsa Zsa Gabor, actor John Malkovich, New York Daily News owner Mort Zuckerman and the family trust of DreamWorks CEO Jeffrey Katzenberg, as well as charities, universities, hedge funds, banks and pension funds around the world...
...bond brokerage in New York City hired Edgar Lawrence Smith to put together a pamphlet explaining why bonds--and certainly not stocks--were the best long-term investment. At the time, this was conventional wisdom on Wall Street. Bonds were for investment, stocks for speculation--and, in those pre-SEC days, for manipulation. But when he investigated the historical record, Smith recounted later, "supporting evidence for this thesis could not be found." Instead, he discovered that over every 20-year span he examined but one, stocks handily beat bonds...
...restructuring expert who led the turnaround of WorldCom, is also probably on a number of board-recruitment wish lists. In addition to his Wall Street experience, Breeden knows Washington. From 1989 to 1993, he was chairman of the Securities and Exchange Commission. William Donaldson, another former chairman of the SEC, also has the Washington and Wall Street experience that would make him a good get in today's bank-board race. "The problem these boards have had is that the people who know the most are the insiders," says top financial-services recruiter Gary Goldstein. "It is prudent to have...