Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Employee Stock Options - NQSOs & ISOs -- Ignore unavailable to you. Want to Upgrade?

To: jt101 who wrote (257)	9/12/2002 8:06:37 AM
From: jt101	Read Replies (1) \| Respond to of 786

SECURITIES AND EXCHANGE COMMISSION: Volcker rejects accounting oversight board's top spot From Tribune news services Published September 12, 2002 WASHINGTON -- Former Federal Reserve Board Chairman Paul Volcker has turned down a chance to head the new accounting oversight board mandated by Congress, according to individuals familiar with the matter. "He is not interested in taking on that responsibility," said one source. Volcker, 75, was widely viewed as the top choice to head the new, five-member board, created as part of a sweeping corporate reform bill signed into law this summer. Volcker didn't return a phone call seeking comment. Christi Harlan, a spokeswoman for the Securities and Exchange Commission, declined to comment. Volcker's supporters hope his decision isn't final but aren't sure he can be swayed. Retired Ohio Sen. Howard Metzenbaum, now chairman of the Consumer Federation of America, said he phoned Volcker Monday, and the former Fed chief expressed reservations about accepting a full-time job. "He indicated that was a concern for him," said Metzenbaum. "He didn't say he wasn't interested." Board members must serve full time and arebarred from any other service or employment during their tenure. If Volcker rejects the assignment, it will heighten pressure on the SEC to come up with a strong alternative candidate. By law, the SEC must appoint board members by Oct. 28, after consulting with Fed Chairman Alan Greenspan and Treasury Secretary Paul O'Neill. Copyright © 2002, Chicago Tribune chicagotribune.com