When former California lawmaker Christopher Cox took the helm of the Securities and Exchange Commission a year ago this week, his arrival inspired a cauldron of rhetoric.
Investor advocates fretted that a man who advanced a free-enterprise agenda would waste little time in dismantling rules adopted after fraud at Enron Corp. and WorldCom Inc. Business groups pointed to his 87 percent lifetime approval rating by the U.S. Chamber of Commerce as evidence that he would be their champion.
Yet, for the most part, Cox has gone out of his way to avoid actions that would incite the passion of admirers -- or the ire of his critics.
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