Arthur Levitt
Arthur Levitt
Arthur Levitt Jr.was the twenty-fifth and longest-serving Chairman of the United States Securities and Exchange Commissionfrom 1993 to 2001. Widely hailed as a champion of the individual investor, he has been criticized for not pushing for tougher accounting rules. Since May 2001 he has been employed as a senior adviser at the Carlyle Group. Levitt previously served as a policy advisor to Goldman Sachs and is a Director of Bloomberg LP, parent of Bloomberg News...
NationalityAmerican
ProfessionPublic Servant
Date of Birth3 February 1931
CountryUnited States of America
This is bound to inflame investor passion. Evidently, Raymond did a first-rate job. Why do they want to hurt his legacy and his image by creating a compensation package that is so skewed and so unnecessary?
The SEC is launching more investigations into more big companies than ever before, ... The list of targets includes plenty of Fortune 500 players, including Bankers Trust, Cendant, Waste Management and W. R. Grace.
Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.
Richard is a multifaceted kind of guy. He can probably do anything he sets his mind to.
Now, we all understand that directors aren't required to guarantee that their fund has the lowest fees, ... But they are required to ask whether fund investors are getting their money's worth.
They have been compared to a high-tech version of morning gossip or advice at the company water cooler, ... At least you knew your co-workers at the water cooler.
It is time for the U.S. securities market to make this change,
Firms need to ensure that their ability to provide effective customer service keeps pace with their growth. If you're marketing your firm to new customers, you better be able to provide them service when they do business with you.
Although the Internet makes it seem as if you have a direct connection to the securities market, you don't. Lines may clog; systems may break; orders may back-up.
Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry.
George Orwell once blamed the demise of the English language on politics. It's quite possible he never read a prospectus.
We should never lose sight of the underlying essence of a market-a place where buyers and sellers come together. Every other feature-whether crafted by tradition or technology-exists only to serve that primary purpose.
I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.
I think we have got to start thinking about banding together in terms of interested groups.