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SEC's Cox to the White House?
Posted by David M. Katz | | US
December 13, 2006 2:07 PM ET

After President Bush was re-elected in 2004, a weary Andrew Card submitted his resignation as the White House chief of staff. As was his wont, Card assembled a list of possible candidates to replace him, Bob Woodward reports in his best-selling book, State of Denial. That list included a name quite familiar in finance circles: Chris Cox.

Cox, now known as SEC Chairman Christopher, had been a long-time Republican representative from Southern California who was well-connected enough to Bush to be in Andy Card's sights as an up and comer. Cox's star has only risen at SEC, and he's said to be creating buzz as a possible future GOP candidate for president.

Cox as a candidate for president? With his height and good looks, he certainly looks the part and plays quite well to groups of reporters, business folk, and other key constituencies. His ability to finesse the contentious 404 debate--on display at today's SEC meeting--has only added to his luster.

Without missing a beat, he's moved from a strong stand against changing the rule to benefit smaller companies to issuing an interpretive guidance proposal that in effect lets them get away with stuff that bigger companies can't. There are almost two years left before the next presidential election, but Cox has shown already that he's got a good stage to show people that he might be ripe for a higher post than White House Chief of Staff.

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