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
More Quotes from Arthur 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
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
Encouraging competition to investment banking research should be on everyone's short list of common sense solutions to restore investor trust.
Arthur Levitt
Our collective challenge at this time is to ensure that competition in all its forms continues to define the structure of our markets.
Arthur Levitt
If you compensate a CEO by giving him options, he's going to do everything he can to make those options as valuable as possible.
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.
Arthur Levitt
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You all know that I have been sustained throughout my life by three saving graces - my family, my friends, and a faith in the power of resilience and hope. These graces have carried me through difficult times and they have brought more joy to the good times than I ever could have imagined.Elizabeth Edwards
During war, the laws are silent.
Quintus Tullius Cicero
I have no philosophy, my favourite thing is sitting in the studio.
Arne Jacobsen