Harvey Pitt News
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Proxy season has begun, and it’s expected to be a hot one. More than half of publicly listed U.S. companies will hold annual meetings between now and the end of June. There will be votes on more than 200,000 questions, ranging from approving auditors to disclosing political contributions.
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Averting a retirement crisis in the U.S. requires fresh thinking, not to mention political will. Ideas range from a restructuring of Social Security to beefing up employer-sponsored retirement plans to creating a new tier of mandated retirement accounts. Vanguard Group founder Jack Bogle, Senior Adviser to the Treasury Secretary Mark Iwry, former SEC Commissioner Harvey Pitt and others share their thoughts on what needs to be done.
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Pitt, chief executive officer of consulting firm Kalorama Partners, served as chairman of the Securities and Exchange Commission under President George W. Bush from 2001 to 2003.
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Bogle is founder of the Vanguard Group and president of Vanguard's Financial Markets Research Center.
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Evensky is a certified financial planner and president of Evensky & Katz Wealth Management.
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Munnell is director of the Center for Retirement Research at Boston College and Peter F. Drucker Professor of Management Sciences at Boston College's Carroll School of Management.
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Iwry is senior adviser to the U.S. Secretary of the Treasury and deputy assistant secretary for retirement and health policy.
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Mary Schapiro’s decision to join Promontory Financial Group LLC after running the U.S. Securities and Exchange Commission amplifies the firm’s competitive advantage as an employer of former regulators.
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Mary Schapiro, chairman of the U.S. Securities and Exchange Commission until December, joined Promontory Financial Group LLC as a managing director and chairman of the firm’s governance and markets practice.
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U.S. regulators failed to act on “a gift” of a tip from Paulson & Co. Inc. that a major brokerage had approached the hedge fund to solicit help in a scheme to manipulate markets, former Securities and Exchange Commission Chairman Harvey Pitt said.
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