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Browse: Home / 2013 / February / 15 / Mary Jo White’s Latest Conflict of Interest

Mary Jo White’s Latest Conflict of Interest

By Securities Docket on February 15, 2013, 7:56 am

White is the white-collar defense lawyer and former U.S. attorney nominated by President Barack Obama to lead the SEC. Her financial disclosures say that upon leaving New York-based Debevoise & Plimpton LLP, the law firm will give her $42,500 a month in retirement pay for life, or more than $500,000 a year.

This means she has a direct interest in Debevoise’s future profits, and therefore an incentive to help make sure only good things come the firm’s way. Debevoise’s partner-retirement plan is unfunded, meaning the firm pays benefits from its continuing business operations.

via Mary Jo White’s Latest Conflict of Interest – Bloomberg

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