Bailout Bill

Executive Pay Reforms: Is the Truth Out There?

Matt Kelly February 16, 2009

Back in the 1990s, I was a big fan of The X Files. Little did I know that the central tenets of that program—distrust, cynicism, and a deep suspicion that people in Washington are controlled by aliens—would be so useful when analyzing the economic stimulus bill. Compliance officers and corporate secretaries...

Dude, Where's My SEC Chairman?

Matt Kelly November 25, 2008

President-elect Barack Obama presented his economic team to the world this week. A new chairman of the Securities and Exchange Commissioner was not part of the picture. That says a lot.For the record, I applaud the nominees Obama presented on Monday: Timothy Geithner as treasury secretary; Larry Summers as chairman...

The SEC Irrelevance Factor and You

Matt Kelly October 24, 2008

You've got to feel a bit of sympathy for SEC Chairman Christopher Cox these days. The SEC faces a Gordian knot on the regulatory front, certainly. But the SEC also faces a deeper, more serious political crisis: It is becoming irrelevant in the conversation now occurring across Washington to decide...

God Save the Queen

Matt Kelly October 13, 2008

Who knew they still had it in them? Forty-three years after Winston Churchill passed from the scene and at least 15 years since the Rolling Stones put out a respectable single, the Brits are back at the helm of world leadership!First, Prime Minister Gordon Brown proposes to combat the credit...

More Who-Gets-Screwed Bailout News

Matt Kelly October 02, 2008

Behind every spectacular corporate meltdown, there's an auditing firm sweating bullets.Little surprise, then, that when the entire financial sector melts down, all four of the Big 4 auditing firms start to sweat. Each one has (or had) at least several clients in the financial sector that have recently been forced...

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