Does regulation work? 'Don't ask me,' says former SEC chief

His name was on the agenda, so you assumed he would show up. Still, we had some doubts.

Scott McNealy invited one of his bete noires - former SEC chief Harvey Pitt - to a Sun Microsystems gala yesterday. McNealy wasn't on hand to hear Pitt, but he was there in spirit. Pitt became the target for a McNealy crusade after imposing the Sarbanes-Oxley provisions, which the Sun boss reckons add an army of expensive auditors to the company's bottom line. Now Pitt had come to preach.

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