Sarbanes Gets His WaySarbanes Gets His Way
It took WorldCom to give Sen. Paul Sarbanes clout. Chairman of the Senate Banking Committee, the Democrat from Maryland was having a hard time pushing through a stiff corporate reform bill when the telecommunications company's creative accounting made believers out of most senators and representatives, including Republicans, who had been pressing for passage of a more tepid version. Post-Enron, the
September 1, 2002
Betsy Riley
It took WorldCom to give Sen. Paul Sarbanes clout. Chairman of the Senate Banking Committee, the Democrat from Maryland was having a hard time pushing through a stiff corporate reform bill when the telecommunications company's creative accounting made believers out of most senators and representatives, including Republicans, who had been pressing for passage of a more tepid version. “Post-Enron, the Sarbanes bill looked like a ceiling; after WorldCom, it became a floor,” says Charles Gabriel, senior Washington analyst for Prudential Securities, who has followed Sarbanes' career for 20 years.
Top Separate Account Managers Per Asset Class
(Based on 12-month gross returns as of June 30)
| Asset Class | Manager | Return (%) |
|---|---|---|
| Large Cap Core | OakBrook Investments | 4.51 |
| Large Cap Growth | Groesbeck Investment Management | 4.69 |
| Large Cap Value | Schneider Capital Management | 7.91 |
| Small - Micro Cap Core | American Century Investment Mgmt. | 14.57 |
| Small - Micro Cap Growth | Sterling Johnston Capital Management | 42.06 |
| Small - Micro Cap Value | Numeric Investors | 27.99 |
| High Yield Fixed Income | SMH Capital Advisors | 11.51 |
| Emerging Markets Debt | Ashmore Investment Mgmt.-Russian Debt | 71.92 |
| Source: InvestorForce | ||
