As someone who recently sold$100 million in Alcoa stock, Treasury Secretary Paul O'Neill can look forward to a comfortable retirement. Perhaps that is one reason why, in a recent interview, Mr. O'Neill chided working Americans who fail to plan for their golden years, and questioned the need for Social Security and Medicare.
In one sense, Mr. O'Neill is showing the same kind of lapse that he displayed last March when he refused to sell his Alcoa stock to avoid potential conflicts of interest in the Bush administration. At the time, Mr. O'Neill insisted that he could recuse himself from matters involving Alcoa and still function as a valued adviser to President George …
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