White should also recognize that the SEC faces the same talent pool issues as do all federal bureaucracies: Is it preferable to hire some Ivy Leaguer from a white-shoe law firm for three years or to reward and cultivate the hard work of an SEC employee seeking to make a career in regulation?
Lawmakers interviewed for this article say aides work hard for smaller salaries than they could earn elsewhere, and that modest bonuses are one way of offering areward.