Monday, Jan. 21, 1935
Inquisitor's Reward
Ferdinand Pecora made many a millionaire sweat and squirm as he ferreted out Wall Street's secrets for the Senate Banking & Currency Committee (TIME, Feb. 27, 1933 et seq.). For his services the swart, Sicilian-born inquisitor received $300 per month and the thanks of his President in the form of a one-year appointment to the Securities & Exchange Commission (TIME, July 9). Last week Lawyer Pecora received from New York's Governor Lehman the reward which he really wanted. To serve the unexpired eight years of a resigned justice's term. Governor Lehman appointed Mr. Pecora to the New York Supreme Court. Salary: $22,500 per year.
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