Saturday, May 04, 2002

I'm really getting tired of the New York Times burying all of the important political stories in their business section.

WASHINGTON, May 3 — Harvey L. Pitt, the chairman of the
Securities and Exchange Commission, denied today that he had
discussed a fraud investigation with the head of KPMG, which had
once been a client, despite a memorandum to the contrary from the
firm's new chief executive.

In a memo sent this week to employees of KPMG titled " Xerox —
Anticipated Media Coverage," the firm's new chairman and chief
executive, Eugene D. O'Kelly, said that in his "first official act" he met
privately with Mr. Pitt last week and urged him to drop the agency's
investigation into the firm for its auditing of Xerox.