ML20043B957

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Grants Exemption Under 18 U.S.C.208(b)(1) That Will Permit Jm Taylor to Participate in Matters Affecting Pfizer,Inc
ML20043B957
Person / Time
Issue date: 05/10/1990
From: Carr K
NRC COMMISSION (OCM)
To: Taylor J
NRC OFFICE OF THE EXECUTIVE DIRECTOR FOR OPERATIONS (EDO)
References
NUDOCS 9006010101
Download: ML20043B957 (2)


Text

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o UNITED STATES

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cHAmMAN May 10, 1990 To:

James M.. Taylor, Executive Director for Operations From:

Kenneth M. Carr

SUBJECT:

EXEMPTION UNDER 18 U.S.C.

208 (b) (1)

The purpose of this memorandum is to grant you an exemption-under 18 U.S.C.

208(b) (1) ' that will permit you to participate in certain particular matters affecting Pfizer,'

l Inc., an NRC materials licensee, in which you have a

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financial interest.

This waiver determination, which-is'.

made pursuant to the' authority granted toime under'10 C.F.R. 0.735-21, is based on the advice-of the Office of General' Counsel _("OGC") following its review of your 1990 Executive Personnel Financial Disclosure Report ("SF-278").

Your financial interest in Pfizer consists of common stock valued between $5,000 and $15,000. ;I have been advised that.

under 18 U.S.C.

208(a) this financial interest. precludes you from participating in any'particular. matter, including general policy matters and rulemaking actions, that would have a direct and predictable =effect upon this entity as an-NRC licensee.

Considering the nature of your position as the Executive Director for Operations of the Nuclear Regulatory Commission,-it is desirable that you be permitted to participate in general policy determinations'to the extenti permitted under the statutes and regulations governing l

conflict of interest matters.

For the reasons set forth l

below,.and in accord with the advice of OGC, I have L

determined, in accordance with 18 U.S.C. 208 (b) (1) and 10 p

C.F.R.

0.735.21(b), that your interest in Pfizer is not so substantial as to be deemed likely to affect the integrity-

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of the services expected of you by the NRC with respect'to particular matters involving general policy issues, L

including rulemakings, in which this entity would be affected in the same manner as other similarly situated entities.

Pfizer is a pharmaceutical company which l

manufactures nuclear medicine.

In this situation, I would l

not anticipate that there would be any kind of general l

rulemaking or other policy matter that would have a-unique effect upca this company.

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CORRESPONDENCE PDU, 0

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Based upon the foregoing and-the advice of OGC, I have i

concluded that it is appropriate that you;be. granted an

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exemption from the prohibition of section 208(a)'.to allow l

you to participate in particular mattersiinvolving general.-

1 policy issues, including rulemakings, _in which Pfizer.would' be affected in1the same manner as other similarly situated entities.

However, this waiver would not extend to any particular matter involving specific parties,'such as the L

f grant, amendment or renewal of a_ license, an enforcement.

action,_or the awarding of a contract.-

It:also does not-include any rulemaking proceeding, policy. statement,nor other government action'in which the interest-'of Pfizer would be affected uniquely.

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Please note that'if you or your' spouse ~make future security-

-i acquisitions in any: company that holds an NRC-materials

. license or is an NRC_ contractor _(and which is not.on~the NRC list of prohibited securities) sofas to bring the-: total value of the shares held to more than $1000,-you.should advise OGC promptly so that consideration-can be given:to

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whether those interests also are appropriate:for-an exemption under section 208 (b) (1).

OGC has"a list!ofLboth NRC materials-licensees and NRC contractors thatris-available for your review.

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Kenneth M. Carr I

cc:

T. Rothschild-PDRY 4

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