SEC Door, Spinning Mightily, Smacks Investors
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Aug. 5 (Bloomberg) -- The appalling -- yet hardlysurprising -- news that Robert Khuzami, the former enforcementdirector at the Securities and Exchange Commission, has cashedin his four-year stint for a $5 million-plus salary at Kirkland& Ellis, a prominent Wall Street law firm, is the latest exampleof the corrupt relationship between money and power in the U.S.
Courtesy of a mostly fawning July 22 New York Times story,we learn that Khuzami orchestrated a frothy auction for himself.Who better than me, Khuzami’s logic must have gone, to provideclients with the government access, connections and insightsneeded to bill them $1,000 an hour?