The odds of World Bank president Paul Wolfowitz resigning in the next few days are getting shorter. US Secretary of Treasury Hank Paulson and Secretary of state Condoleezza Rice are campaigning on his behalf but European leaders have given the Bush administration an offer it can’t refuse.
Questions are now being raised whether a SOX rollback is a good thing and Treasury Secretary Hank Paulson has been accused of being naïve and out of touch.
Treasury secretary Hank Paulson has put together a posse, as described by the New York Post, targeting Sarbanes-Oxley with the outfit including former Fed chief Alan Greenspan, Nasdaq CEO Bob Greifeld and former SEC head Harvey Pitt. But does the Paulson posse have any punch?
