Mary Jo White – S.E.C. CHAIR

MARY JO WHITE          Another of Time magazine’s 100 most influential people in the world in 2014 was Mary Jo White, head of the Securities and Exchange Commission. She is on the First Woman To.  . . list because she was the first woman to serve as a U.S. Attorney in Manhattan. In fact, she is the only woman in 200 years who has ever served in that position.

She has decades of experience as a federal prosecutor and securities lawyer, specializing in complex securities and financial institution fraud as well as cases of international terrorism. Prior to her confirmation at SEC the Huffington Post called her “a well-respected attorney who won high-profile cases against mobsters, terrorists, and financial fraudsters over the course of nearly a decade as the U. S. Attorney for Manhattan.” Under her auspices, convictions against the 1993 bombers of the World Trade Center and the bombers of the American embassies in Africa were prosecuted successfully, as was John Gotti.

Because she wants to change disclosure requirements and perhaps streamline them for corporations, some say she is too ready to support corporations. They point to her private practice where she supported corporations in litigation. Others, however, cite this experience as a balance that makes her able to see both sides of the issues.

One of the things she would like to change is the “no admit, no deny” statements from offenders. She believes that those who violate the law, even corporations, should have to apologize as part of their plea deals.

In his book Above the Law, Elie Mystal says that she is “the kind of partner that makes other partners stammer, shuffle papers, and try to look really busy and intelligent when she’s in the room. She’s not a screamer, she’s not mean or dismissive. She’s just deadly serious and committed to getting things done.”

LEARN MORE:

Her official SEC bio: https://www.sec.gov/about/commissioner/white.htm#.U5i5exb82lI

Her efforts to implement changes at SEC: http://www.bloomberg.com/news/2014-06-06/mary-jo-white-gets-high-frequency-embrace-with-sec-plan.html

For more on the Time 100: http://time.com/time100-2014/

Women in Time 100

1101130429_600Time magazine recently published its annual listing of the 100 Most Influential People and a number of the American women were First Women To. . .

Janet Yellen, first woman to head the Federal Reserve System. The article about her was written by Christine Lagarde, the first woman to direct the International Monetary Fund

–Hillary Clinton, the first First Lady elected to national office and the first woman to win a presidential primary

–Mary Jo White, the first woman U.S. attorney in Manhattan

–Megan Ellison, the first woman producer to receive two Best Picture nominations in the same year

–Kathryn Sullivan, from the first class of female astronauts and the first American woman to walk in space

Mary Barra, the first CEO of a major automaker