Wednesday, June 1, 2005

Donaldson Steps Down as SEC Chairman on June 30

Securities and Exchange Commission Chairman William H. Donaldson will leave that office on June 30. His comments can be found at the SEC website. He had been the 27th chairman since being appointed by President Bush in 2003.

Donaldson said, "I have been honored to serve as Chairman. Although there will always be more work to be done to preserve and enhance the integrity and strength of our nation's corporations and markets, I believe the time has come for me to step down and return to the private sector and my family."

His resignation creates an interesting set of intertwined issues. He is a Republican on a five-person commission that consists of two Democrats and two Republicans.
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