WALL STREET: Cook's Shortest Tour

SECURITIES and Exchange Commission chairmen have ranged from the most vivid personalities (Joseph P.

Kennedy, William O. Douglas) to the dullest (Judge Hamer H. Budge), but they all had one thing in common. While in office, none had been touched by scandal—until last week. Then, G.

Bradford Cook abruptly resigned as SEC head after only 74 days in the job, thus becoming another victim of the spreading Watergate-related revelations. Eleven short weeks ago, Cook seemed likely to make his mark as the youngest SEC chief ever (he is 36), and one who would carry out the far-reaching stock-market reforms begun by...

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