The Washington Post, September 22nd, 1996
Arthur Levitt Jr., chairman of the Securities and Exchange Commission, wants to make English the official language of Wall Street. Get rid of the legalistic gobbledygook in proxies, prospectuses and other important disclosure documents, he believes, and shareholders will be more likely to read them than toss them in the wastebasket. Earlier this month, Levitt got a high-profile SEC filing in the plain English he has been looking for since 1994. Bell Atlantic Corp. and Nynex Corp., two Baby Bell telephone companies that plan to merge in a $21 billion transaction, sent a joint proxy statement wr...
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