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Levitt a Hard Act to Follow


LONDON, March 13, 2001 (AccountancyMagazine.com) At least two candidates have so far turned down the position of chairman of the U.S. Securities and Exchange Commission, according to the Financial Times.



The newspaper reports that Joseph Grundfest, a professor at Stanford Law School and a former SEC commissioner, who was apparently a favorite for the role, is understood to have rejected the offer recently for personal reasons.

His decision came a few weeks after John Mack, former chief operating officer of U.S. investment bank Morgan Stanley Dean Witter, also turned down the job. His reasons for declining the offer are unknown.

Former SEC chairman Arthur Levitt stepped down last month. SEC commissioner Laura Unger currently holds the position of interim chairman.

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Copyright 2001 AccountancyMagazine.com. Used with permission.

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2001, AccountancyMagazine.com. Used with permission.

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