Apparently, you can only express your “disappointment” in someone so many times before you need to go to Plan B — taking it up with their boss. That is where things stand now between U.S. Senator Elizabeth Warren and SEC Chair Mary Jo White after Warren’s October 14, 2016 letter to President Obama asking the President to demote Chair White to a commissioner and designate another SEC commissioner as Chair of the agency.
For those of you who have not been following the Warren-White drama over the last 16 months or so, here it is a nutshell: Warren REALLY wants the SEC to implement a rule that would require public companies to disclose their political contributions. White has declined to do so, which has incensed Warren and provoked her to repeatedly express her profound “disappointment” in White in letters and in response to White’s congressional testimony over the past year or so. Their most recent head-to-head confrontation occurred during White’s June 2016 testimony before the Senate Banking Committee (video here), during which Warren stated that she was “more disappointed than ever” and White immediately shot back that she was “disappointed in your disappointment.”
