There isn't necessarily anything wrong with a compensation consultant performing multiple roles, but there's definitely a potential for conflict.
More Quotes from Harvey Pitt:
It is clear from recent events -- including the program the president is announcing this morning to improve and strengthen the duties of those whose conduct is at the core of our securities markets -- that the SEC critically needs to receive additional money in fiscal 2003 to fully fund pay parity and that we should be authorized to add new staff to address pressing immediate needs,Harvey Pitt
Investors were looking to President Bush to throw them a life-raft in a sea of accounting fraud and abuse. Instead, the president threw them a pair of cement shoes,
Harvey Pitt
We don't compromise any matters that are ongoing. The SEC chairman has absolutely no role in the day-to-day investigation.
Harvey Pitt
With respect to short selling, ... the goal of all of us is to have a market that most closely approximates the normal trading environment. As a result of that, you can tell in which direction we will probably be leaning.
Harvey Pitt
Unless there's a reason to re-open ancient history, we should move on,
Harvey Pitt
and American investors have lost a great advocate, the legacy that he has left behind will continue to serve them well.
Harvey Pitt
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