Mary Jo White To Advise What To Do When Mary Jo White Comes Calling

Get you a Mary Jo that can do both!
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By U. S. Securities and Exchange Commission [Public domain], via Wikimedia Commons

By U. S. Securities and Exchange Commission [Public domain], via Wikimedia Commons

The former SEC chair has gone home, to the white-shoe law firm Debevoise & Plimpton, her sanctuary whenever a Republican is president.

She earlier worked at the firm from 1981 to 1990 after time as a federal prosecutor, then left Debevoise again for the government, and served as U.S. attorney for the Southern District of New York from 1993 to 2002….

Debevoise presiding partner Michael Blair said he called Ms. White on inauguration day as soon as she stepped down from office. “We had been waiting to make that phone call for several years,” he said.

As the senior chair of the New York firm, White will work with companies under federal investigation. And no, she sees not the slightest problem with that.

Ms. White said that while conflicts of interest need to be guarded against, such revolving-door criticisms are “overblown to a degree” and that her perspective from sitting on both sides of government probes is an asset.

Of course, it’s not at all clear that MJW will be all that busy in her new role. Her designated successor, fellow former federal prosecutor Jay Clayton, may be too busy bickering with Carl Icahn and Gary Cohn over which one gets to shred which regulations to bother with many investigations or enforcement actions.

Mary Jo White to Rejoin Debevoise & Plimpton as Senior Chair [WSJ]

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