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Latest comment: 1 year ago2 comments1 person in discussion
In the course of the three edits of User:WilmerHalesocialmedia, the following sentences were added:
"During this time, he was on the front lines of the agency’s response to the financial crisis, including representing the commission in the Lehman Brothers liquidation. Gallagher was appointed by Barack Obama and served as an SEC Commissioner from November 2011 to October 2015. In his role, he championed corporate governance reform, advocated for a comprehensive holistic review of equity market structural issues, and encouraged greatly improving the commission’s fixed income market expertise."
Except for the second sentence regarding the appointment, which is easily verifiable, I believe the other two sentences fail the requirement for NPOV and have no reference or source provided. These edits represent the entire contribution to Wikipedia of this particular user, whose username happens to match the current employer of the subject of the article, which might constitute a COI. For this reason, I have deleted the first and third sentence in the excerpt above.
Furthermore, the claim in one of the sentences, that "[Gallagher] championed corporate governance reform", is misleadingly written to suggest the reforms would improve corporate governance. However, it is far from uncontroversial that the reforms the subject "championed" would improve corporate governance. In particular, the subject championed raising the bar for shareholder proposals at annual shareholder meetings. See the content of these remarks (https://www.sec.gov/news/speech/2014-spch032714dmg.html) made by the subject while SEC Commissioner. Here's an illuminating excerpt from these remarks:
"Currently, a proponent can bring a shareholder proposal if he or she has owned $2,000 or 1% of the company’s stock for one year, so long as the proposal complies with a handful of substantive—but in some cases discretionary—requirements. [...] the holding requirement to submit proxies should be updated. $2,000 is absurdly low, and was not subject to meaningful economic analysis when adopted. The threshold should be substantially more, by orders of magnitude: perhaps $200,000 or even better, $2 million."
