Article: SEC Brain Drain Linked to Fee Cuts.(Brief Article)

Worried that uncompetitive salaries are causing staffers to leave, Securities and Exchange Commission Chairman Arthur Levitt Jr. desperately wants to increase the pay scale for SEC professionals, including attorneys and accountants.

"We are in the midst of a terribly serious staffing crisis," Levitt said at a road show hearing of the Senate Banking Committee, held in the World Trade Center offices of the SEC.

In the last two years, the SEC has lost a quarter of its attorneys, accountants and examiners to the private sector, according to Levitt.

Politically, Levitt -- much to his displeasure -- is walking a tightrope courtesy of Senate Banking ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!