With Paul Schott Stevens, president of the ICI.(One on One)

Investment News, August, 2004

Byline: Frederick P. Gabriel Jr. Obviously, Paul Schott Stevens isn't afraid of a little controversy. As the new president of the Investment Company Institute, the 51-year-old Mr. Stevens is joining the organization amid major upheaval within the mutual fund industry and the organization itself.

In the 11 months since the $7.5 trillion fund industry found itself at the center of a major trading scandal, the powerful Washington-based lobbying group has faced a barrage of criticism for behaving more like a lackey for its member companies than a champion of reform. What's more, the 64-year-old group has been hit by a wave of staff defections. Mr. Stevens, who was the ICI's general counsel from 1993 to 1997, on June 1 replaced Matthew P. Fink,...

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