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
Fund directors should be on the front lines in defense of shareholder interest,
The best companies, the most solidly managed companies, are ones that are managed for the future that don't focus on the price of the shares.
Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.
I've had my dream job. I have been able to work on issues that I have been deeply passionate about since I first began my career in the securities business nearly 38 years ago,
Taxes are one of the most significant costs of investing in mutual funds,
What must occur is a greater recognition by investors of their individual responsibility.
do whatever was possible to expedite the process.
This is the best hope that the investor community has today, ... This is the first time that a group made up of this type of individuals has come out for expensing stock options and curbs on the excessive compensation executives have been receiving.
This is outrageous that just two months ago, a public offering was done. Major banking institutions simply were asleep at the switch. There was clearly wrongdoing here that neither the accountants nor the underwriters nor the principal owners had any idea of.
This effort will be an important addition ? to encourage the education of fund directors,
The motivation to satisfy Wall Street earnings expectations may be overriding common sense business practices, ... In the process, I fear, we are witnessing a gradual but inexorable erosion in the quality of financial reporting.
a way to gain and maintain favor with particular analysts.
Bad deals have led to some titanic failures for shareholders.
The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues.