Word: sec
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Dates: during 2000-2009
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...December, the Securities and Exchange Commission (SEC), which oversees the agencies, passed new rules to inject more transparency into the ratings process and to better mediate conflicts of interest. But those rules were severely watered down from what the SEC had proposed the summer before and subsequently dismissed by people who had been hoping for genuine reform. (See 25 people to blame for the financial crisis...
...SEC, under a fresh chairwoman and a new President, is reopening the debate. On Wednesday it will host a roundtable discussion with the heads of both major and minor credit-rating agencies as well as investors and academic experts. "We're inviting a lot of the people who have had some very interesting ideas about what would be a better model," SEC chairwoman Mary Schapiro told Congress in March. "There have been some very thoughtful proposals put out there...
...tell the world that results will be worse than expected so investors can abandon their holdings a week or two earlier than they would if the company waited to put out results on its normal schedule. It is a perverse practice which is probably due to concerns by the SEC that a public corporation should not sit on really bad news any longer than possible. There have been very few warnings this quarter, which is some evidence that companies took what they believed was the worst case and encouraged investors to believe...
...best investment banker at a brokerage firm could earn more than the head of investment banking. Just because a CEO held the highest title at a company did not mean that he had to be paid more than everyone who worked for him. Annual compensation data from the SEC has shown that a number of chief executives have not taken any of this to heart. They simply take every last dime they can get. Not everyone who runs a company is that greedy. Proxy reviews from a large number of American corporations underscore that subordinates can make more than their...
...Craig Fitzgerald moved on from the Crimson in January to join the old ball coach at University of South Carolina as head of strength and conditioning for the football program. The popular coach's departure disappointed many of Harvard's athletes, but the opportunity to work with a bigtime SEC football program was lost on no one. For those curious about what Fitz is up to now, it seems that the energetic trainer is already becoming infamous at his new school. Details after the jump...