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 Arthur Levitt Quotes
10 Famous Quotes by Arthur Levitt
2/3/1931 - (Present)
Also Known As:  
Arthur Levitt
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About 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.

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The American economy is the eighth wonder of the world. The ninth is the economic ignorance of the American people.

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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.

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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.

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do whatever was possible to expedite the process.

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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.

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We have an opportunity today that we may not have again in our lifetime, to realize the vision for a true national market system,

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It has been almost 30 years since significant steps were taken to improve the mutual fund governance structure, ... Whether shareholders realize it or not, how directors fulfill their responsibilities directly affects them every day.

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Richard is a multifaceted kind of guy,

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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.

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