Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Steviee, what's this SEC thing??? Regulate?

SEC general counsel to step down in 2006
By William L. Watts
WASHINGTON (MarketWatch) -- The Securities and Exchange Commission announced Wednesday that Giovanni Prezioso, the agency's general counsel, will step down early next year. Prezioso hasn't yet accepted another position and will remain in his post at the regulator to help with transition matters until "early 2006," the commission said, in a news release. Prezioso, 47, became the agency's chief legal officer in April 2002.

Corporate governance experts bemoan high executive pay
By David Weidner
NEW YORK (MarketWatch) -- Ralph Whitworth of Relational Investors said excessive executive compensation is a "smoking gun" of poor governance at corporations. Whitworth, speaking to the New York Society of Security Analysts on Wednesday, was joined by several other speakers bemoaning the lack of independent directors and the large number of over-generous pay packages at corporations. Patrick McGurn, a special counsel with Institutional Shareholder Services, said analysts should be more aware of corporate governance, as they gauge the performance of companies, and that excessive pay is often a red flag for improper accounting and other problems.