continued Then in 2002, Pitt was looking for a person to head a newly created Accounting Oversight Board. There was general agreement in Washington and Wall Street that the job should go to John Biggs, who had been chairman of a big financial institution. But Biggs had been a critic of the accounting profession. The big accounting firms -- Pitt's former clients -- objected. So Pitt pushed for a Beltway insider named William Webster, who headed the audit committee of a tiny company being sued for fraud. Pitt knew it but didn't pass on the word to officials who had to vote on Webster. The officials howled, so did the public, and Pitt was gone in November of 2002.
So will Pitt or Breeden, or someone else of that ilk, be San Diego's high-priced monitor? You can expect it. The consultant scam is a perfect cover for the consummate bureaucrat.