After a brief flirtation with naming current Commissioner Elisse Walter to head the Securities and Exchange Commission, the White House reversed course and settled instead on Mary Jo White, a litigator and former prosecutor.

The announcement in January instantly set off a flurry of vibrant commentary on how astute—or misguided— the selection appeared to be. Given White's background, the split perspectives were predictable.

The majority opinion on White's selection as the next SEC chairman, which I happen to agree with, is that she is an inspired selection who will excel in the role of leading the agency for a variety of reasons. ...