Staying Sharp offers content, tools and activities to stimulate and support your brain! Learn more.
by Ron Geraci, AARP The Magazine, January/February 2005 issue
Inspire Awards 2005 Honorees
Princess Yasmin Aga Khan
After watching corporate behemoths like Enron and WorldCom implode because of corrupt accounting, gutting thousands of people's 401(k) savings, few investors felt secure. That started to change when President Bush appointed William Donaldson head of the Securities and Exchange Commission (SEC) in 2003.
"At this stage in my life, I felt I could be truly independent," says Donaldson of his decision, at age 71, to accept the job. "I can take on the complex problems and I have the freedom to try to do what's right." The ex-Marine and former chairman of the New York Stock Exchange didn't waste a minute in making bold, controversial moves, adding almost 1,000 new employees to the SEC payroll and adopting nine new initiatives to tighten oversight of mutual funds.
"Chairman Donaldson is a forceful advocate for the interests of investors," says Paul Schott Stevens, president of the Investment Company Institute, the trade association for the mutual fund industry. It's reassuring to know there's an ex-Marine fighting to protect our retirement cash.
*The name of this award was originally the Impact Award. In 2008, the awards were renamed as the Inspire Awards.
Please leave your comment below.
You must be logged in to leave a comment.
Learn about isolation and how you can make a difference
Rate bonus on high-yield online savings account
This tool helps you identify your pills by color, shape and markings.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at