White House Unfazed by News on Donaldson
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The candidacy of William H. Donaldson to head the Securities and Exchange Commission should be unaffected by a news report that he fathered a child out of wedlock by a woman he later married, the White House said.
Fortune magazine, citing unidentified sources, said that in the 1980s, Donaldson began an affair with Jane Morrison, who worked at the Yale School of Management while Donaldson was dean. Both were married to other people at the time. The affair resulted in a son, the magazine said.
White House officials were aware of the information be- fore Donaldson’s nomination, spokeswoman Claire Buchan said. Senate hearings on Donaldson’s candidacy begin Wednesday.
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