Tuesday, March 02, 2004

Corporate governance SEC commentary

The first of two comment letters about "governance" went to the SEC today. It's too big to post to Blog but requests for a copy will be honored. There is a five day window here for me to include your thoughts in the final submittal.

The first of two comments on ethics is SEC posted.
http://www.sec.gov/rules/proposed/s70304/wlivingston021604.txt

There is a ten day window here for me to include your thoughts in the final ethics submittal. No Pulitzer prize but maybe a coveted density medal.

It's fascinating to watch Eliot Spitzer work the system. Brilliant. He knows the public wants corporate royalty blood spilled and he has to act before the tort process (named for tortoise speed?) grabs the headlines for doing just that. Today he aimed his rifle at the NYSE board and CEO. It will be horrific. They don't know how to buy him off because he will become governor by grinding their bones. Looking bleak for tyrants.