William Donaldson, Investment Banker Who Led SEC, Dies at 93 [BNN Bloomberg (Canada)]
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He died on June 12, according to Yale University's School of Management, of which he was the founding dean. No cause was given. In a career that spanned a half-century, Donaldson was co-founder and chairman of DLJ, the first New York Stock Exchange member to go public; an undersecretary of state under President Richard Nixon; and head of the New York Stock Exchange. With his background in business, Donaldson defied expectations with a binge of rulemaking during his 28 months at the helm of the SEC. “I did what I did without concern for the politics of it, and I think that is the role of an independent agency,” he said in a 2008 interview. He attempted to help restore confidence in corporate America following a wave of fraud, including the bankruptcies of Enron Corp. in 2001 and WorldCom Inc. the following year. Appointed by President George W. Bush, Donaldson jumped party lines to join with the commission's two Democrats, Harvey Goldschmid and Roel Campos, to approve new regula
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