“Here’s the big question for Mary Jo White: If she becomes chairman of the Securities and Exchange Commission, where will her interests lie? With the public that pays her salary? Or with the people handing her the big bucks? White is the white-collar defense lawyer and former U.S. attorney nominated by President Barack Obama to lead the SEC. Upon leaving New York-based Debevoise & Plimpton LLP, the law firm will give her $42,500 a month in retirement pay for life, or more than $500,000 a year. This means she has a direct interest in Debevoise’s future profits, and therefore an incentive to help make sure only good things come the firm’s way.”
http://www.bloomberg.com/news/2013-02-14/mary-jo-white-s-latest-conflict-of-interest.html
Related posts:
Forget premiums: A peer-to-peer network will cover you
N.S.A. May Have Hit Internet Companies at a Weak Spot
Syrian Christians fear rise of jihadist rebels
Taiwanese Apple contractor probes claims of labor abuse
Officer sold police-issued bulletproof vests in Walgreens parking lot
CIA misled public on interrogation program, Senate report says
IMF to Germany: “Fiscal over-performance should be firmly avoided"
Napolitano, Graham: U.S. needs more technological entry and exit controls
Lengthy, costly trail to Bay Bridge's eastern span
Seizing Children From Parents at the Border Is Immoral. What Can We Do About It?
U.S. Supreme Court declines to review NSA phone spying case
Amid economic crisis, Puerto Rico cuts spending by $150 million
Bitcoin Goes to Washington: Monday’s Hearing Is Just the Beginning
$92 quadrillion: PayPal accidentally makes man a quadrillionaire
Judge Napolitano on Obama's Drone Strike Policy: 'This Is the Power Claimed by Kings and Tyrants'