Revolving door: Meet JPMorgan’s newest vice chairman—a former SEC director who investigated Enron and WorldCom

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Cutler joined JPMorgan in 2007 from the law firm of WilmerHale in DC where he was a partner and head of the securities department. Prior to that, he was the director the Securities and Exchange Commission’s enforcement division from 2001 until 2005. During his tenure at the SEC, he oversaw the investigations of Enron and WorldCom. Before joining the SEC in 1999, he spent 11 years at Wilmer, Cutler & Pickering in D.C.

He graduated from Yale Law where he was the editor of the Yale Law Journal. He also finished his undergraduate bachelor’s degree (summa cum laude) at Yale.

Here’s JPMorgan’s press release:

JPMorgan Chase (NYSE: JPM) announced today that Stacey Friedman, General Counsel of the company’s Corporate & Investment Bank, will succeed Steve Cutler as General Counsel of the firm early next year, when Mr. Cutler will be appointed Vice Chairman of the firm. Ms. Friedman will report…

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U.S. Sided With Tax-Avoiding Companies Over Contracting Ban

It figures.

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The Obama administration quietly handed a victory to U.S. companies that avoid taxes by claiming a foreign address, suggesting that virtually all of them are still eligible for government contracts.

The Department of Homeland Security last year endorsed a legal memorandum that argued in part that a 2002 law banning such companies from federal contracts was invalid, according to a copy of the memo obtained by Bloomberg News. Although President Barack Obama later began publicly criticizing the tax maneuvers known as inversions, there’s no sign that he has reversed the department’s decision.

The March 2013 memo was submitted to Homeland Security by one of the country’s largest inverted companies, the manufacturer Ingersoll-Rand Plc. The company argued in part that U.S. trade agreements with foreign governments invalidated the law that would prohibit it from winning federal contracts.

Read on.

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