Current Securities and Exchange Commission (SEC) Chairman William Donaldson is resigning from the position. He said that he will be stepping down from the agency on June 30. Mr. Donaldson told President Bush, "The time has come for me to step down and return to the private sector and my family." Today is his 74th birthday. President Bush originally selected Donaldson as the SEC's in order to restore confidence to the stock market as it was plagued by scandals. Reuters latest ebusiness news
Bush Has Replacement Lined Up For Chairman of SEC
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