American families need an SEC chairman who will watch out for their interests -- not short-term corporate profits. That's why we'll be asking Clayton about his willingness to be more vigilant and increase oversight of stock buybacks. We also want to know if Clayton will be willing to help investors identify companies that choose to invest in the U.S. economy and American workers.If the SEC would require publicly traded companies to disclose more detailed information about jobs moved overseas -- and jobs brought back home -- investors could choose to invest in companies that make our economy stronger. Additionally, requiring public, country-by-country disclosure of profits stashed overseas would reveal to investors the companies that rely on tax havens to avoid U.S. taxes.
Clayton is a partner at Sullivan & Cromwell, which until recently had posted details about his clients, accomplishments, awards and recent publications. That information is no longer accessible on the firm's website, but can be found by searching the internet archive.The Office of Government Ethics this week released Clayton's financial-disclosure forms, which contain much of the Information about his clients. The OGE filing also lists details about Clayton's financial assets and earnings.But the disclosure does not mention some of Clayton's previous work that was listed on his Sullivan & Cromwell biography as recently as January. For example, it does not show that he worked on initial public offerings for Alibaba, Moelis, Och-Ziff or Oaktree Capital.... Nor does it mention that he represented Eni, an Italian oil and gas company that was investigated by the SEC and Justice Department for alleged anti-bribery violations. The company reached a settlement with the government in 2010.