While private equity will remain technically private, its actions will become the public's concern.
More Quotes from Arthur Levitt:
Our role is to maintain and monitor a framework in which fair competition can flourish.Arthur Levitt
Over the past two decades, we have clearly seen an erosion of ethical values.
Arthur Levitt
Investors should start with a view of skepticism. They should become intellectual investors rather than emotional investors. They should be careful, and they should be skeptical.
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
But when that information travels only to a privileged few, when it is used to profit at the expense of the investing public, when that information comes by way of favored access rather than by acumen, insight or diligence, we must ask, 'Whose interest is
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.
Arthur Levitt
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