Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Mary Jo White and her husband have amassed assets of at least $16 million, according to a financial disclosure form filed by the Debevoise & Plimpton partner who has been nominated to be the chairman of the Securities and Exchange Commission. The form, which she filed last week with the U.S. Office of Government Ethics, also shows that White received slightly more than $2.4 million as a Debevoise partner last year. The White family’s assets are likely significantly higher than $16 million, since the disclosure form only requires valuation of assets within a range of figures. For example, seven classes of their assets are valued from $1-5 million; an additional six assets are valued at more than $1 million. (This latter group of assets, owned solely by her husband, can be reported simply as worth more than $1 million, with no upper limit given.) The couple report no significant debt. White also filed a letter in which she outlined how she plans to deal with any conflicts of interest. In the letter, she revealed that her husband, Cravath, Swaine & Moore corporate partner John White, plans to convert from equity to nonequity status at Cravath upon her confirmation. This unusual move may be designed to minimize conflict problems for the couple and allow Cravath to continue to represent clients before the SEC without creating problems for Mary Jo White. Cravath has not previously had nonequity partners. White will receive a fixed salary and an annual performance bonus, according to the letter. You can read the financial disclosure form here and the conflicts letter here.

This premium content is locked for
The American Lawyer subscribers only.

  • Subscribe now to enjoy unlimited access to The American Lawyer content,
  • 5 free articles* across the ALM Network every 30 days,
  • Exclusive access to other free ALM publications
  • And exclusive discounts on ALM events and publications.

*May exclude premium content
Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.