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Wall Street Greets Pitt's Departure with Relief

NPR | By Scott Simon
Published November 9, 2002 at 12:00 AM EST

Wall Street cheers the resignation of SEC chief Harvey Pitt. Pitt's departure -- and the resignation of the agency's chief accountant -- could imperil the appointment of ex-FBI and CIA director William Webster to head an accounting oversight board. Hear more from NPR's Scott Simon and Joe Nocera, executive editor of Fortune magazine.

Copyright 2002 NPR
Scott Simon
Scott Simon is one of America's most admired writers and broadcasters. He is the host of Weekend Edition Saturday and is one of the hosts of NPR's morning news podcast Up First. He has reported from all fifty states, five continents, and ten wars, from El Salvador to Sarajevo to Afghanistan and Iraq. His books have chronicled character and characters, in war and peace, sports and art, tragedy and comedy.