Harvey's Pittfalls

The SEC chief is digging himself in deeper, with an ill-fated appointment that could cost him his job

Securities and exchange commission chairman Harvey Pitt is running out of admirers in Washington, with the possible exception of folks at the Mine Safety and Health Administration. He's the only one in the Capital who gets into deeper holes than they do. And more often. Last week Pitt stuck his spade in again, botching the selection of William Webster as head of the Public Company Accounting Oversight Board, the outfit created by Congress to keep the pencils sharp in the accounting industry. In vetting Webster, Pitt failed to tell fellow commissioners--and, by the way, the White House--that the former FBI and...

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