Harvey Pitt is either a moron or a scoundrel-either way, his resignation this week as chairman of the Securities and Exchange Commission will surely save him from further embarrassing revelations, though it will do little to erase his bumbling behavior as S.E.C. chairman over the past 18 months. The White House’s patience with Mr. Pitt Read More
No matter who controls the Senate, the House and the statehouses, America still has Harvey Pitt to kick around. How long the country can enjoy that sport is uncertain, since the Securities and Exchange Commission is investigating his actions. For the S.E.C. chairman to order a probe of himself brings to mind Bob Dylan’s “Talkin’ Read More
“It would be unthinkable to deprive people of my expertise.”-Harvey Pitt, chairman of the Securities and Exchange Commission, on the S.E.C.’s handling of his former clients’ cases.
In the old days, the maxim used to be that when the shoeshine boys and manicurists started passing out stock tips, it was time to sell out and Read More
There are many things that downtown Manhattan needs in the ongoing aftermath of 9/11. But 11 million square feet of new office space is not one of them. The six proposals submitted for public consumption err by requiring the rebuilding of all the office space lost in the destruction of the World Trade Center. This Read More
To say that Harvey Pitt’s career as a securities lawyer displayed little concern for the small investor is to politely understate his résumé. An attorney of considerable brilliance, the embattled chairman of the Securities and Exchange Commission made his own name (and fortune, at upwards of $300 an hour) as the champion of big accounting Read More
