WALL STREET: A New Chief for Change

As the determined chairman of the Securities and Exchange Commission, Ray Garrett Jr. pushed through reforms long opposed by Wall Street. He also moved the watchdog agency into such new activities as demanding disclosure of bribes paid to Government officials by U.S. corporations. When Garrett leaves to rejoin his Chicago law firm, he will be succeeded by a corporate lawyer who may ruffle almost as many feathers. Last week President Ford nominated as the SEC's new chief Roderick M. Hills, 44, a presidential assistant and head of a White House task force looking into ways to reform federal regulatory...

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