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  • Webster Will Quit U.S. Accounting Oversight Board, Person Says

    11/06/2002 10:47:02 AM PST · by GeneD · 194+ views
    Bloomberg.com ^ | 11/06/2002 | Laura Smitherman
    <p>Washington, Nov. 6 (Bloomberg) -- William Webster, picked less than two weeks ago to head the newly created accounting oversight board, may resign within days, a person familiar with the situation said.</p> <p>SEC Chairman Harvey Pitt quit yesterday amid four federal investigations into how he chose Webster to lead the oversight board even though he knew the former FBI chief had been chairman of the audit committee of an Internet company accused of fraud.</p>