Sarah Johnson, CFO.com | US
December 18, 2008
"Below the headlines and all the noise, there are real people who are very dedicated and competent. Their morale is suffering," CFO.com is told by David B.H. Martin, a partner at Covington & Burling LLP and a former director at the SEC's Division of Corporation Finance."
If morale is suffering at the SEC, they should see the morale of people in the private sector who have to deal with the agency's innumerable mandates to ensure the deck chairs are perfectly arranged on the Titanic and worry about the possibility of being unemployed. I have no sympathy for burearats in gilded cages.
The SEC's problem isn't leadership, its mission. The mandate to "protect the integrity of capital markets" will never be understood by the public as adherence to process, rather than anm absolute prevention of any failure.
Posted by Super Heater | Dec 19, 2008 8:28 AM ET
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