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SEC names ex-chief of FBI, CIA, to head accounting oversight board.
(From Agence France Presse)
The Securities and Exchange Commission, in a divided vote, named William Webster, former director of both the FBI and the Central Intelligence Agency, as chairman of a new Public Company Accounting Oversight Board.
Republicans Paul Atkins, Cynthia Glassman, and SEC Chairman Harvey Pitt voted in favor of Webster, while Democratic SEC commissioners Harvey Goldschmid and Roel Campos voted against, in an open hearing.
"We are not today a united body, and I deeply fear the consequences of our division," said Harvey Goldschmid at the meeting.
"This is not the right job for Bill (Webster)," Goldschmid stated, claiming …
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