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Topic: Arthur Levitt


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In the News (Mon 28 May 12)

  
  NHLCBANEWS.com
ARTHUR LEVITT: I received a fee of $250,000 that I asked to be paid in advance to remove the perception that my findings might be impacted by the fee that I was paid.
ARTHUR LEVITT: Even before I came to this process I have been approached a number of times whether I would be interested in investing in a sports endeavor; not hockey.
Levitt, with any report of this kind of magnitude there's going to be a margin of error, plus or minus a certain percentage.
www.nhlcbanews.com /levitt_transcript021204.html   (4221 words)

  
 CBC Sports Online: Faceoff 2004: What they're saying
Levitt also warns that the union should not argue its case on the merits of a free-market system in future collective bargaining agreement negotiations with the NHL.
Levitt: The thing you have to remember is that club owners are operating under a different set of circumstances than other businesses in that the competitive nature of pro sports puts the market out of whack and bidding wars over players often ensue.
Levitt: No. I was retained by the NHL to complete this project and my work is done, but like I've said, I will make myself available to talk to the union to address their concerns.
www.cbc.ca /sports/indepth/cba/features/levittreport.html   (1842 words)

  
 Washingtonpost.com: The Ethics Squeeze
How Levitt fills that role matters because the SEC chairman, the most powerful securities regulator in the world, is responsible for protecting the millions of Americans who have flooded into the market in recent years.
Levitt agreed and joined the firm, Carter Berlind & Weill, the last named partner being Sanford I. Weill, now head of Travelers Group Inc. Within a year, Carter left in a dispute with the others, and the firm was renamed Cogan, Berlind, Weill & Levitt.
Levitt also has been criticized for having allowed some of the meetings to be paid for in part by Wall Street firms he oversees.
www.washingtonpost.com /wp-srv/business/longterm/ethics/levitt.htm   (2514 words)

  
 Arthur Levitt - Wikipedia, the free encyclopedia   (Site not responding. Last check: 2007-10-09)
In his speech, Levitt advocated improving the transparency and comparability of financial statements.
Without this exemption, the company would have been constrained by strict rules found in 1996 legislation that would have prohibited certain foreign investments and the shifting of debt to its foreign subsidiary shell companies.
Without Levitt's action on Enron's behalf, the company would not have been able to play its offshore subsidiary accounting shell game, and U.S. investors would not have been bilked out of billions of dollars.
en.wikipedia.org /wiki/Arthur_Levitt   (245 words)

  
 TheStreet.com: The TSC Streetside Chat: SEC Chairman Arthur Levitt
Arthur Levitt, 69, is the longest-serving chairman in the 66-year history of the Securities and Exchange Commission.
Levitt: The goal of the commission has never been to eliminate all fraud but rather to focus on those areas of bad behavior that represent a more general kind of threat to the public.
Levitt: If investors are foolish enough to place credibility in chat room information, which is nothing more than graffiti, as far as I'm concerned, they probably should lose their money, and we can't protect against that.
www.thestreet.com /comment/streetsidechat/1211679.html   (1875 words)

  
 Was There Anyone Arthur Levitt Didn’t Blast In His Last Official Town Meeting? - Knowledge@Wharton   (Site not responding. Last check: 2007-10-09)
Outgoing Securities and Exchange Commission chairman Arthur Levitt had harsh words for corporations that practice deception in their accounting practices, as well as words of warning and encouragement to small investors, during his last official town meeting January 16.
Levitt saved a lot of head-shaking and sarcasm for his criticism of what he feels is overt deceptive marketing by mutual funds.
Levitt also did not give strong marks to Congress when it came to worrying about investors’ rights, but that may well be the fault of the investor-citizens themselves.
knowledge.wharton.upenn.edu /index.cfm?fa=viewfeature&id=302   (1532 words)

  
 NHLCBANEWS.com
Arthur Levitt was the 25th Chairman of the United States Securities and Exchange Commission after being first appointed by President Clinton in July 1993.
Former U.S. Securities & Exchange Commission Chair Arthur Levitt warned in a Feb. 12 press conference that the National Hockey League's losses of $273 million on revenues of $1.996 billion, sustained during the 2002-03 season, threaten the viability of the League.
Levitt's report, following an intensive 10-month study, was compiled with the assistance of former SEC Chief Accountant, Lynn Turner as well as Eisner LLP an accounting firm nonconflicted by any other professional hockey clients.
www.nhlcbanews.com /levitt   (125 words)

  
 That Money Show - Features - ARTHUR LEVITT'S INVESTMENT LESSONS
Levitt, who led the SEC charge against Internet stock fraud during his eight years at the head of the federal agency responsible for policing Wall Street, was a top retail stock broker and later chairman of the American Stock Exchange before entering public service.
Levitt is also well known as a champion of individual investors -- and for passing Regulation Fair Disclosure -- requiring companies on the stock exchange to disseminate financial information publicly, and not just to specific analysts at brokerages.
In her hour with Arthur Levitt, Elaine was surprised to find out that, had she done her homework, she would have learned that Xerox, a stock she currently holds, is being investigated by the SEC for accounting irregularities.
www.pbs.org /wnet/moneyshow/cover/060801.html   (1030 words)

  
 Blogger: Email Post to a Friend
Arthur Levitt is the former chair of the SEC, who's attempts to reform accounting practices were blocked by, uh, Tauzin.
(Arthur Andersen was his single biggest contributor in the last election cycle.) Even more embarrassing, Tauzin played a key role in derailing proposed regulations that might have prevented the whole Enron scandal from happening--or, at least, from getting so out of hand.
In 2000, Arthur Levitt, then chairman of the Securities and Exchange Commission, proposed reforms that would have prevented accounting firms from providing both auditing and consulting services to the same company--the very thing that Arthur Andersen did for Enron.
www.blogger.com /email-post.g?blogID=3070085&postID=85229027   (509 words)

  
 Booksontape.com : Take on the Street: What Wall Street and Corporate America Don't Want You To Know and How You Can ...
Arthur Levitt was the Chairman of the Securities and Exchange Commission.
Levitt details the conflicts of interest, the tradition of mutual manipulation between companies and analysts, and the shading of information to fudge statistics and control investor behavior - and then offers sound advice on how to avoid these perils.
Arthur Levitt's book should be a 400 level college course for anyone looking at a degree in finance, or economics.
www.booksontape.com /bookdetail.cfm/5994?AID=1484418&PID=1377218   (362 words)

  
 frontline: bigger than enron: interviews: arthur levitt | PBS
Chairman of the SEC from 1993 to 2000, Levitt says the Enron scandal is "symptomatic of a breakdown of the ethical values of business over a period of perhaps 20 years." He is very critical of what he calls "accounting hocus-pocus" or how companies have become more creative in their interpretations of accounting standards.
When it comes to policing corporate America in the wake of Enron and Arthur Andersen, the controversial SEC Chairman Harvey Pitt and his equally controversial predecessor, Arthur Levitt, have defined and galvanized the central debates over reforming Wall Street and the accounting industry.
Phil Gramm said, "Arthur, if you proceed with this rulemaking, you are likely to face a rider in the final moments of this Congress." He did say that he would do everything he could to prevent that from happening.
www.pbs.org /wgbh/pages/frontline/shows/regulation/interviews/levitt.html   (6879 words)

  
 Remarks from Philip Le B. Douglas   (Site not responding. Last check: 2007-10-09)
Arthur Levitt, by contrast, is a quintessential New Yorker.
Arthur Levitt came to the SEC as a captain of industry.
Levitt, we are grateful that, in your SEC years, you, like Paul Douglas, "spoke truth to power".
www.igpa.uillinois.edu /ethics/douglasRemarks-Levitt.htm   (1420 words)

  
 BW Online | February 19, 2002 | The Vindication of Arthur Levitt
Levitt, a former chairman of the American Stock Exchange, publisher, and investment-company founder, worries that the Enron situation is being viewed by many as "merely an accounting problem." He sees "very widespread" breakdowns in the entire oversight system -- from corporate lawyers and accountants to investment bankers, analysts, and boards of directors.
Levitt has a simple and obvious first step: "Financial statements should be written in plain English." To police today's unreliable corporate overseers, he would create an accounting watchdog board with broad authority.
Levitt also wants standards for the accounting profession to be set by experts independent of the industry, such as professionals and investors.
www.businessweek.com /bwdaily/dnflash/feb2002/nf20020219_2045.htm   (1068 words)

  
 Levitt lambastes foot dragging - Sep. 23, 1999
NEW YORK (CNNfn) - Securities and Exchange Commission Chairman Arthur Levitt fired a salvo today against "parochial interests" in the institutions that govern U.S. stock trading and called for greater competition among and better performance in stock markets, in light of the tumultuous changes in American markets.
Levitt also leveled explicit criticism in his half-hour address, as he called for the New York Stock Exchange to abolish a restriction on other markets trading certain of its stocks.
     Levitt, who two weeks ago became the longest-standing SEC chairman in history, looked lean and poised in a blue suit and pink polka dot tie as he started his speech at 6 p.m.
money.cnn.com /1999/09/23/investing/levitt   (1657 words)

  
 Arthur Levitt to speak at Vanderbilt conference : News : About Vanderbilt University Law School   (Site not responding. Last check: 2007-10-09)
Arthur Levitt, former chairman of the U.S. Securities and Exchange Commission, will deliver the keynote address at the Vanderbilt Directors College on June 9.
As the SEC’s longest-serving commissioner, Levitt initiated and contributed to the development of several of the recent changes in corporate governance, focusing his efforts on educating, empowering and protecting America’s investors.
Levitt’s speech is part of a two-day conference to be held at Vanderbilt University Law School.
law.vanderbilt.edu /about/news/2003/06_09-3.html   (215 words)

  
 The Carlyle Group : Bio : Arthur Levitt
New York, NY Arthur Levitt joined The Carlyle Group in May 2001 as a Senior Advisor to the firm.
Levitt was the 25th Chairman of the United States Securities and Exchange Commission.
Levitt graduated from Williams College, where he was a member of Phi Beta Kappa, in 1952 before serving for two years in the Air Force.
www.thecarlylegroup.com /eng/team/l5-team1089.html   (242 words)

  
 SEC Biography: Chairman Arthur Levitt
Arthur Levitt was the 25th Chairman of the United States Securities and Exchange Commission.
Early in his tenure, Chairman Levitt created the Office of Investor Education and Assistance and established a website (www.sec.gov), which allows the public free and easy access to corporate filings and investor education materials.
In the past seven years Chairman Levitt has conducted more than forty investor town meetings throughout the country to listen to the concerns of investors and to give them tips on safe and wise participation in the securities markets.
www.sec.gov /about/commissioner/levitt.htm   (377 words)

  
 Borders - Feature - Fighting for the Little Guy: Former SEC Chairman Arthur Levitt Tells Main Street How Wall Street ...
Levitt also tried to introduce rules barring accounting firms from providing consulting services to their audit clients, believing that the combination of services was an inherent conflict of interest that could tempt firms into shoddy and even illegal accounting practices.
Now, in Take on the Street: What Wall Street and Corporate America Don't Want You to Know, Levitt recounts his struggles at the SEC, casting his experience as background to the advice he gives readers about how to be their own best financial watchdogs.
Arthur Levitt: The bastards Dingell was talking about included the lobbyists, congressional representatives, and business leaders whose ox was being gored by a proactive SEC.
www.bordersstores.com /features/feature.jsp?file=levitt   (1214 words)

  
 Kentucky Author Forum presents Arthur Levitt
Arthur Levitt, retired as the longest serving head of the U.S. Securities and Exchange Commission (SEC), will discuss his new book “Take on the Street” (Pantheon) as guest of the Kentucky Author Forum Nov. 21, 2002, in Louisville.
Levitt’s many years on Wall Street, first as a trader and partner in a brokerage firm and then as chair and CEO of the American Stock Exchange (AMEX), made him a consummate insider.
With these influences Levitt wore the mantle of the populist tradition of the Roosevelt administration, which created the SEC in 1934 to ensure the integrity of American financial markets, when he was appointed by President Clinton to head the agency in 1993.
www.louisville.edu /ur/ucomm/kaf/levitt   (829 words)

  
 Hamilton College - Levitt Center - Home
The Levitt Center gives students majoring in Public Policy the opportunity to conduct research projects sponsored by state, local or nongovernmental agencies in lieu of their senior theses.
The Levitt Center strives to strengthen and support the study of public affairs at Hamilton, and brings the challenge of real policy issues to students in a liberal arts setting.
The poll was funded by Hamilton's Arthur Levitt Public Affairs Center and had a margin of sampling error of plus or minus 3 percent.
www.hamilton.edu /levitt   (634 words)

  
 Amazon.com: Take on the Street : What Wall Street and Corporate America Don't Want You to Know and How You Can Fight ...   (Site not responding. Last check: 2007-10-09)
Arthur Levitt's "Take on the Street" is a worthwhile read for both those familiar and unfamiliar with the inner workings of investment banks, "numbers games" played by public companies to smooth earnings, and the role of regulators.
Arthur Levitt was the longest-serving chairman of the U.S. Securities and Exchange Commission (SEC), 1993-2001, the regulatory agency that oversees many aspects of the stock market.
Levitt explains each issue in detail, with examples, as well as what the SEC tried to do to remedy the problem when he was in office.
www.amazon.com /exec/obidos/tg/detail/-/055375694X?v=glance   (2292 words)

  
 Fool.com: Doing Hard Time With Arthur Levitt [Special] July 9, 2002
Arthur Levitt knows a thing or two about restoring investor confidence and strengthening the public markets.
TMF: Chairman Levitt, you have mentioned in the past that investors are potentially the most powerful lobbying force in the country, and yet you have also pointed out they are the least organized.
I think it -- certainly Arthur Andersen has had more than its share of these problems -- but for the time being, I think the role of the Audit Committee will be enhanced, and I think auditors will be far more careful, fearing the slippery slope of Enron and what it did to Andersen.
www.fool.com /Specials/2002/02070900sp.htm   (1232 words)

  
 Arthur Levitt - Leading Authorities Speakers Bureau
Arthur Levitt served as the 25th Chairman of the United States Securities and Exchange Commission (SEC).
Over the past seven years Chairman Levitt has conducted more than 40 investor town meetings throughout the country to listen to the concerns of investors and give them tips on safe and wise participation in the securities markets.
A proven expert in his field, Chairman Levitt has worked tirelessly to improve the quality of the financial reporting process, maintain the independence of auditors, and save investors billions of dollars by reducing spreads in the Nasdaq market.
www.leadingauthorities.com /13365/Arthur_Levitt.htm   (337 words)

  
 Former SEC Chairman Arthur Levitt to Join The Carlyle Group
WASHINGTON, DC - Arthur Levitt, the former chairman of the Securities and Exchange Commission (SEC), is joining The Carlyle Group, a leading global investment firm.
Levitt, who was the longest serving SEC chairman in history, will act as senior advisor to Carlyle on a variety of matters relating to the firm's private equity investment activities.
Levitt served, from 1989 to 1993, as chairman of the New York City Economic Development Corporation and, from 1978 to 1989, as chairman of the American Stock Exchange.
www.thecarlylegroup.com /eng/news/l5-news712.html   (296 words)

  
 [No title]
Levitt's father, however, New York State's even-longer-serving comptroller, Arthur Levitt Sr., was a practical man. He had counseled his only son against going to law school, because he felt the profession didn't pay well enough.
Levitt is particularly strong in exposing the venality of the accounting profession, providing a wonderful inside account of the eight-year battle royal that accounting firms waged with the help of their pawns in Congress against even the most reasonable attempts at regulation.
Levitt tried to warn the public at the time, but few could get past the mind-numbing details to see the political tsunami gathering force.
www.washingtonmonthly.com /features/2001/0211.mayer.m4   (809 words)

  
 Finextra: RiskMetrics appoints former SEC chairman Arthur Levitt to board of directors
Levitt, currently a senior advisor to The Carlyle Group, joins the company as a non-executive director.
Levitt served as the 25th and longest serving Chairman of the Securities and Exchange Commission (1993-2001).
Levitt said, "Providing investors with timely, accurate and transparent information about the risks of their assets is crucial to the financial services industry.
www.finextra.com /fullpr.asp?pf=y&id=3854   (287 words)

  
 Insight on the News: Levitt stocked exchange boards: critics of Arthur Levitt claim the former SEC chairman made power ...   (Site not responding. Last check: 2007-10-09)
Levitt's ideas are given special credence in the media and even among some congressional Republicans because of his celebrated reputation for having the highest integrity.
They say Levitt, a major New York Democratic fund-raiser before he became SEC chairman, exploited problems to pack the boards of stock exchanges and private regulatory bodies with Democratic Party politicos and old friends.
Levitt "put his political cronies, golf partners and bridge buddies on these boards," charges Alan L. Davidson, owner of Zeus Securities Inc. in Hauppauge, N.Y., and president of the Independent Broker-Dealer Association, which represents small firms that trade stock.
www.findarticles.com /p/articles/mi_m1571/is_19_18/ai_87024938   (1479 words)

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