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
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.
What must occur is a greater recognition by investors of their individual responsibility.
We are not looking for a bit of window dressing on the same old recycled gobbledygook, ... We expect you to do whatever it takes to speak to investors in a language they understand -- English.
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?
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.
Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.
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.
Sandy reacted to his times, and Chuck Prince is going to have to determine what his times are and how he should deal with that era.
Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.
The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues.
do whatever was possible to expedite the process.
I worry the best execution may be compromised by payment for order flow, internalization, and certain other practices that can present conflicts between the interests of brokers and their customers.
We have an opportunity today that we may not have again in our lifetime, to realize the vision for a true national market system,
The American economy is the eighth wonder of the world. The ninth is the economic ignorance of the American people.