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Letter "A" » Arthur Levitt Quotes
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«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.»
Author: Arthur Levitt
«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 do independent directors know about management's costs and their profitability?»
Author: Arthur Levitt
«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.»
Author: Arthur Levitt
«These issues are not academic or peripheral -- they directly affect every mutual fund investor. ... One word above all must define a fund's overall management structure. That word is accountability. And, without strong independent directors, accountability is nothing more than words on a page.»
Author: Arthur Levitt
«This is a significant chapter in the commission's and the profession's efforts to reinforce the importance of auditor independence, ... This serious and comprehensive review will enhance investor confidence and lead to improved quality control systems going forward.»
Author: Arthur Levitt
«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.»
Author: Arthur Levitt
«After Hank Greenberg has departed, investors wonder whether the company can carry on. They've got to hear that management is solid, picking up the ball from the departure of a very-involved CEO.»
Author: Arthur Levitt
«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.»
Author: Arthur Levitt
«From my own personal experience the best CEOs that I have ever known are the ones that don't care very much about the day-to-day fluctuations of their shares.»
Author: Arthur Levitt
«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.»
Author: Arthur Levitt
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