Encouraging competition to investment banking research should be on everyone's short list of common sense solutions to restore investor trust.
More Quotes from Arthur Levitt:
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 unnecessaryArthur Levitt
Another misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation.
Arthur Levitt
Our role is to maintain and monitor a framework in which fair competition can flourish.
Arthur Levitt
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.
Arthur Levitt
If you have a CEO who is motivated because of an option plan or a bonus plan to promote his stock, if he has the kind of personality that measures performance by the selling price of the stock, he's going to lead his board, his company and his shareholders down a very slippery slope.
Arthur Levitt
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.
Arthur Levitt
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Based on Topics: Trust QuotesI suspect that we might actually start selling some records with these artists in about 10 years. Some the people who invested, they're a little tight-because it's a lot of money to start up a company.
Branford Marsalis
I pledge allegiance to the Christian flag, and to the Savior, for whose Kingdom it stands, one Savior, crucified, risen, and coming again, with life and liberty for all who believe.
Dan Quayle
Men are the sport of circumstances when it seems circumstances are the sport of men.
Lord Byron