WORLD : Envoy to Leave Netherlands Post
U.S. Ambassador to the Netherlands John Shad will be leaving his post next month, the U.S. Embassy said today, adding to speculation he may become chairman of Drexel Burnham Lambert Inc.
Shad, 65, a former chairman of the Securities and Exchange Commission, has been ambassador in The Hague since June, 1987. Earlier this month the company confirmed that Shad had been offered the top post at Drexel, which is at the center of a government investigation of insider trading on Wall Street. Shad ran the SEC when it began an aggressive fraud investigation of Drexel after Wall Street speculator Ivan Boesky implicated the firm in illegal acts in November, 1986.
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