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Monday, February 28, 2005

Donaldson Puts Coveted Office on the High Shelf

SEC Chairman Donaldson is being credited with having the "wisdom of Solomon," for crafting an "elegant" and "practical" solution to an issue that had roiled the usually serene halls of the SEC: which commissioner other than himself will get the one office with a coveted view of the U.S. Capitol? 

His solution?  Bloomberg reports that no one will get the room with a view.  It will instead be turned into a conference room.

As discussed here previously, Commissioners Roel Campos and Cynthia Glassman both had been jockeying for the office:

Commissioners Roel Campos and Cynthia Glassman have made it clear they want the only office besides Donaldson's that overlooks the Capitol, according to people familiar with the matter. Commissioner Paul Atkins has said it's unfair for any one official to get a better office, the people familiar said. Commissioner Harvey Goldschmid, who is recovering from surgery, has mostly stayed out of the squabble.

Of the four commissioners, the three who lose will get offices looking over train tracks at Washington's Union Station in the new headquarters.

So maybe that was the wisdom of Solomon under the circumstances.  All I know is that I did the same thing with "the good basketball" that my 7 and 4 year olds were arguing over, putting it on the high shelf where no one could have it.  It worked for me, too.

Comments

Geez. I guess we should be glad that all that talent is doing something. I have totally lost track of all the fines and scandals that have occured while the Commission was confusing "oversight" with "overlook" going back to the Pru Partnerships , ZZZBest and the rest, including (but not limited to, as you say) the SEC and the NASD.

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