ABC Evening News for Friday, Nov 21, 1986
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(Studio: Peter Jennings) Securities and Exchange Commission chairperson John S.R. Shad profiled; scenes shown. [SHAD - discusses his ambitions, approach to job.] Recent insider trading case against Ivan Boesky cited. [SHAD - recalls insider trading situation when he accepted position with SEC.] [Dreyfus Corporation chairperson Howard STEIN - praises Shad's understanding of Wall Street] Shad recalled former executive at E.F. Hutton. [Prof. Jonathan MACEY - comments on SEC's handling of Boesky.] [SHAD - explains allowing Boesky to sell off stock at profit before announcing penalties against him; describes his philosophy of life.]
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