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.
More Quotes from Arthur Levitt:
he said. ''I would hope the decision would be reversed upon appeal.Arthur Levitt
That also has put pressure on analysts to report favorably on a company in order to maintain access to inside information,
Arthur Levitt
Millions of new investors have taken advantage of the unprecedented access and individual control the Internet provides. But new opportunities present all of us with new responsibilities, challenges and risks.
Arthur Levitt
While fund performance is unpredictable, the impact of fees is not, ... A 1-percent annual fee will reduce an ending account balance by 17 percent after 20 years.
Arthur Levitt
The American economy is the eighth wonder of the world. The ninth is the economic ignorance of the American people.
Arthur Levitt
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.
Arthur Levitt
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