The U.S. Securities and Exchange Commission’s top economist is leaving the agency after Chairman Mary Schapiro merged his office with another and passed short- selling rules that hedge funds said ignored financial analysis.
James Overdahl, whose office reviews potential regulations to determine whether benefits outweigh costs, said in an e-mail today that he will step down March 31 to join NERA Economic Consulting. He joined the SEC in 2007 from the Commodity Futures Trading Commission, where he also served as the top economist.
CEO Who Dropped $16,000 On Designer Commode For His Office Not Feeling SEC's Pay Ratio Rule
John Thain's not sure why the disparity between his pay and his employees' pay is anyone's business but his own.