Eliot Spitzer’s lasting impact on governance
Ka-boom. I’ll let other blogs cover all the details, ramifications, and speculation in relation to New York’s top Democrat, Governor Eliot Spitzer, facing a federal probe for prostitution.
Perhaps Nell Minow best sums up Spitzer’s impact on corporate governance and shareholder rights, as quoted in The Wall Street Journal:
“I’m a huge fan of Eliot Spitzer, and I’ll be very sorry if this is the end of his political career… Wall Street is singing, ‘Ding, dong, the witch is dead,’ but Spitzer set an expectation of better oversight by officials that will continue.”
For more of Wall Street’s reaction, click here.
