P.M. BRIEFING : Time Officer to Be Named to SEC
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WASHINGTON — President Bush announced today that he will nominate Philip R. Lochner Jr., general counsel of Time Warner Inc., to be a member of the Securities and Exchange Commission.
If confirmed, Lochner would serve the remaining 17 months of the term of former commissioner David S. Ruder, who stepped down last year and was succeeded as SEC chairman by Bush aide Richard Breeden.
Lochner, 46, of Greenwich, Conn., has been general counsel and secretary for Time Inc. and subsequently Time Warner since 1988. The 1964 graduate of Yale first joined Time Inc. as an associate general counsel in 1978. He received a Ph.D. in political science from Stanford University in 1971.
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