Search Results: going-public-my-adventures-inside-the-sec-and-how-to-prevent-the-next-devastating-crisis

Going Public

My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis

Author: Norm Champ

Publisher: McGraw Hill Professional

ISBN: 125986121X

Category: Business & Economics

Page: 272

View: 8936

An insider’s look at the SEC and the changes needed to strengthen the U.S. financial system In 2008, Americans were reeling from the devastating financial crisis that caused the Great Recession. There were searing questions about how the crisis was allowed to happen and calls for immediate reform from Capital Hill, the news media, and the general public. Multiple scandals sent real fear through the investing community and brought unprecedented heat on the Securities and Exchange Commission (SEC). There was little doubt that the SEC had to fix rules that permitted bad behavior, shake off decades of complacency and enforce existing laws. Wall Street lawyer Norm Champ spent nearly 20 years dealing with the SEC on behalf of his clients and as an industry representative working to educate the agency about hedge funds. Believing he could help reform the deeply-flawed agency, Champ left his career in the private sector and joined the SEC. As Director of the Division of Investment Management, he became a key player in stabilizing trillions of dollars of investor capital while reenergizing the SEC’s culture and management. In Going Public, Champ presents a rare, insider’s look at how the SEC operates and explains exactly how the agency impacts the overall economic health of the country. He examines the inner workings of hedge funds, economic policy and politics, investing, and inefficient and frustrating federal agencies. Engrossing and important, this book offers critical recommendations for policy changes that will create healthy, free-functioning markets and help Americans better prepare for the inevitable next crisis.

The Death of Corporate Reputation

How Integrity Has Been Destroyed on Wall Street

Author: Jonathan Macey

Publisher: FT Press

ISBN: 0133039714

Category: Business & Economics

Page: 300

View: 947

Why did the financial scandals really happen? Why are they continuing to happen? In The Death of Corporate Reputation, Yale's Jonathan Macey reveals the real, non-intuitive reason, and offers a new path forward. For over a century law firms, investment banks, accounting firms, credit rating agencies and companies seeking regular access to U.S. capital markets made large investments in their reputations. They treated customers well and sometimes endured losses in transactions or business deals in order to sustain and nurture their reputations as faithful brokers and “gate-keepers.” This has changed completely . The existing business model among leading participants in today’s capital markets no longer treats customers as valued clients whose trust must be earned and nurtured, but as one-off “counter-parties” to whom no duties are owed and no loyalty is required . The rough and tumble norms of the market-place have replaced the long-standing reputational model in U.S. finance. This book describes the transformation in American finance from the old reputational model to the existing laissez faire model and argues that the change came as a result of three factors: (1) the growth of reliance on regulation rather than reputation as the primary mechanism for protecting customers and (2) the increasing complexity of regulation, which made technical expertise rather than reputation the primary criterion on which customers choose who to do business with in today’s markets ; and (3) the rise of the “cult of personality” on Wall Street, which has led to a secular demise in the relevance of companies’ reputations and the concomitant rise of individual “rain-makers” reputation as the basis for premium pricing of financial services. This compelling book will drive the debate about the financial crisis and financial regulation for years to come -- both inside and outside the industry.

Regulation by Prosecution

The Securities and Exchange Commission Vs. Corporate America

Author: Roberta S. Karmel

Publisher: N.A

ISBN: N.A

Category: Law

Page: 400

View: 9925

The Transformation of Wall Street

A History of the Securities and Exchange Commission and Modern Corporate Finance

Author: Joel Seligman

Publisher: Aspen Law & Business

ISBN: N.A

Category: Business & Economics

Page: 934

View: 7088

The Transformation of Wall Street is a comprehensive and insightful historical analysis of the Securities andamp; Exchange Commission from the perspective of a leader in securities regulation. The Transformation of Wall Street offers an in-depth look at the history of the SEC's origins, accomplishments, and failings since its creation in 1934. Each chapter in the book takes historical look at the tenure of the various SEC chairmen. The first edition, published in 1977, covered the SEC through the Nixon-Ford presidential administration. A revised edition was published in 1995, updating the book through 1992. Now, the third edition continues the history until 2001, the end of Arthur Levitt's Chairmanship, with a treatment of auditing issues through the enactment of the Sarbanes-Oxley Act (July 2002). In this revised edition, author Joel Seligman draws on unpublished SEC files and extensive personal interviews to provide a comprehensive examination of the origins, accomplishments, and failings of the SEC and its leaders, from the creation of the SEC in 1934 to the present. The new material, among other things, addresses: The Private Securities Litigation Reform Act, which has had a significant impact on private securities litigation after its passage in 1995 The structure of the securities markets (which are in an important transition because of Electronic Communications Networks; decimalization; international competition; and the continuing evolution to greater institutionalization of our markets as well as the growth of several new products, most recently security futures products) Municipal securities markets (which were largely ignored before the recently resigned Arthur Levitt) Several issues with respect to the accounting profession (most notably auditor independence and the independence of accounting standard-setting boards). In addition, this work focuses on Chairman Levitt, whom the author believes was one of the most accomplished of the post World War II chairs, and had the challenge of being a Chair appointed by a Democratic party president during a period when Republicans controlled both houses of Congress as well as a period of extraordinary ferment in the securities market.

Crude Volatility

The History and the Future of Boom-Bust Oil Prices

Author: Robert McNally

Publisher: Columbia University Press

ISBN: 0231543689

Category: Business & Economics

Page: 288

View: 3035

As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.

Armies South, Armies North

Author: Alan Axelrod

Publisher: Rowman & Littlefield

ISBN: 1493024078

Category: History

Page: 320

View: 7166

An argument settler--and starter--for Civil War buffs who want to know which side had the better soldiers: Armies South, Armies North definitively compares the military forces of both sides. Civil War buffs are always arguing over which side had the better soldiers. Armies South/Armies North by Alan Axelrod helps readers reconsider their understanding of America’s most harrowing war. Axelrod is the author of more than one hundred books with a passion for military history and leadership. Each chapter of his new book compares the military forces with both quantitative and qualitative measures. Axelrod analyzes the equipment, the leadership and strategies, and the men who fought in each army, with additional focus on lesser known flash points during the war.

Analysing Design Thinking: Studies of Cross-Cultural Co-Creation

Author: Bo T. Christensen,Linden J. Ball,Kim Halskov

Publisher: CRC Press

ISBN: 1351802828

Category: Technology & Engineering

Page: 586

View: 4636

The scientific analysis of design thinking continues to burgeon and is of considerable interest to academic scholars and design practitioners across many disciplines. This research tradition has generated a growing corpus of studies concerning how designers think during the creation of innovative products, although less focus has been given to analysing how designers think when creating less tangible deliverables such as concepts and user-insights. Analysing Design Thinking: Studies of Cross-Cultural Co-Creation brings together 28 contributions from internationally-leading academics with a shared interest in design thinking who take a close look at professional designers working on a project that not only involves soft deliverables, but where a central role is played by co-creation across multiple, culturally diverse stakeholders. This collection of detailed, multi-method analyses gives a unique insight into how a Scandinavian design team tackled a specific design task within the automotive industry over a four-month design process. All papers draw upon a common, video-based dataset and report analyses that link together a diversity of academic disciplines including psychology, anthropology, linguistics, philosophy, architecture, management, engineering and design studies. The dataset affords multiple entry points into the analysis of design thinking, with the selected papers demonstrating the application of a wide range of analytic techniques that generate distinct yet complementary insights. Collectively these papers provide a coherent framework for analysing and interpreting design thinking ‘in vivo’ through video-based field studies.

The Map and the Territory 2.0

Risk, Human Nature, and the Future of Forecasting

Author: Alan Greenspan

Publisher: Penguin

ISBN: 0143125915

Category: Business & Economics

Page: 432

View: 1188

Revised edition of the author's The map and the territory: risk, human nature, and the future of forecasting, published in 2013.

The Subprime Solution

How Today's Global Financial Crisis Happened, and what to Do about it

Author: Robert J. Shiller

Publisher: Princeton University Press

ISBN: 0691156328

Category: Business & Economics

Page: 196

View: 4308

A best-selling economist reveals the origins of the subprime mortgage crisis and puts forward bold measures to resolve it by restructuring the institutional foundations of the financial system in a thoughtful study by the author of Irrational Exuberance. First serial, The Atlantic.

Middlesex

Author: Jeffrey Eugenides

Publisher: Vintage Canada

ISBN: 0307401944

Category: Fiction

Page: 544

View: 1297

Spanning eight decades and chronicling the wild ride of a Greek-American family through the vicissitudes of the twentieth century, Jeffrey Eugenides’ witty, exuberant novel on one level tells a traditional story about three generations of a fantastic, absurd, lovable immigrant family -- blessed and cursed with generous doses of tragedy and high comedy. But there’s a provocative twist. Cal, the narrator -- also Callie -- is a hermaphrodite. And the explanation for this takes us spooling back in time, through a breathtaking review of the twentieth century, to 1922, when the Turks sacked Smyrna and Callie’s grandparents fled for their lives. Back to a tiny village in Asia Minor where two lovers, and one rare genetic mutation, set our narrator’s life in motion. Middlesex is a grand, utterly original fable of crossed bloodlines, the intricacies of gender, and the deep, untidy promptings of desire. It’s a brilliant exploration of divided people, divided families, divided cities and nations -- the connected halves that make up ourselves and our world. Justly acclaimed when it was released in Fall 2002, it announces the arrival of a major writer for our times. From the Hardcover edition.

Humanitarian Negotiations Revealed

The MSF Experience

Author: Claire Magone,Michael Neuman,Fabrice Weissman

Publisher: Hurst

ISBN: 1849045267

Category: Political Science

Page: 256

View: 6137

From international NGOs to UN agencies, from donors to observers of humanitarianism, opinion is unanimous: in a context of the alleged "clash of civilizations", our "humanitarian space" is shrinking. Put another way, the freedom of action and of speech of humanitarians is being eroded due to the radicalisation of conflicts and the reaffirmation of state sovereignty over aid actors and policies. The purpose of this book is to challenge this assumption through an analysis of the events that have marked MSF's history since 2003 (when MSF published its first general work on humanitarian action and its relationships with governments). It addresses the evolution of humanitarian goals, the resistance to these goals and the political arrangements that overcame this resistance (or that failed to do so). The contributors seek to analyse the political transactions and balances of power and interests that allow aid activities to move forward, but that are usually masked by the lofty rhetoric of "humanitarian principles". They focus on one key question: what is an acceptable compromise for MSF? This book seeks to puncture a number of the myths that have grown up over the forty years since MSF was founded and describes in detail how the ideals of humanitarian principles and "humanitarian space" operating in conflict zones are in reality illusory. How, in fact, it is the grubby negotiations with varying parties, each of whom have their own vested interests, that may allow organisations such as MSF to operate in a given crisis situation - or not.

Alcoholics Anonymous

The Story of How More Than One Hundred Men Have Recovered from Alcoholism

Author: Alcoholics Anonymous

Publisher: N.A

ISBN: 9781258461805

Category:

Page: 410

View: 1039

Love Warrior

A Memoir

Author: Glennon Doyle,Glennon Doyle Melton

Publisher: N.A

ISBN: 1250075734

Category: Biography & Autobiography

Page: 304

View: 2087

#1 New York Times Bestseller Oprah’s Book Club 2016 Selection "Riveting...a worthy investment...this book has real wisdom." —New York Times Book Review "A book with so much painful truth packed into its pages that every person who’s ever married or plans to marry should really give it a read." — Chicago Tribune "Provocative... I adore her honesty, her vulnerability, and her no-nonsense wisdom, and I know you will, too." — Oprah Winfrey “This memoir isn’t really about Glennon rebuilding her relationship with her husband; it is about Glennon rebuilding her relationship with herself. Utterly refreshing and... badass.” — Bustle.com A memoir of betrayal and self-discovery by bestselling author Glennon Doyle, Love Warrior is a gorgeous and inspiring account of how we are all born to be warriors: strong, powerful, and brave; able to confront the pain and claim the love that exists for us all. This chronicle of a beautiful, brutal journey speaks to anyone who yearns for deeper, truer relationships and a more abundant, authentic life.

Stress Test

Reflections on Financial Crises

Author: Timothy F. Geithner

Publisher: N.A

ISBN: 0804138613

Category: Biography & Autobiography

Page: 580

View: 2780

From the former Treasury Secretary, the definitive account of the unprecedented effort to save the U.S. economy from collapse in the wake of the worst global financial crisis since the Great Depression.

The Death and Life of Great American Cities

Author: Jane Jacobs

Publisher: Vintage

ISBN: 052543285X

Category: Social Science

Page: 480

View: 9222

Thirty years after its publication, The Death and Life of Great American Cities was described by The New York Times as "perhaps the most influential single work in the history of town planning....[It] can also be seen in a much larger context. It is first of all a work of literature; the descriptions of street life as a kind of ballet and the bitingly satiric account of traditional planning theory can still be read for pleasure even by those who long ago absorbed and appropriated the book's arguments." Jane Jacobs, an editor and writer on architecture in New York City in the early sixties, argued that urban diversity and vitality were being destroyed by powerful architects and city planners. Rigorous, sane, and delightfully epigrammatic, Jacobs's small masterpiece is a blueprint for the humanistic management of cities. It is sensible, knowledgeable, readable, indispensable. The author has written a new foreword for this Modern Library edition.

Speed: How Leaders Accelerate Successful Execution

Author: Jack Zenger,Joseph Folkman

Publisher: McGraw Hill Professional

ISBN: 1259837394

Category: Business & Economics

Page: 256

View: 3107

Seize the competitive advantage by building speed into your leadership DNA The rapid pace at which change occurs in business today is unprecedented. Speed has become a major source of competitive advantage. Leaders who act quickly and inspire others to do the same are the ones who ultimately win the day. But achieving increased levels of speed is not always easy. Culled from the data of one million 360-degree feedback assessments, Speed provides valuable insights into the qualities that make a leader successful and productive. Jack Zenger and Joe Folkman reveal eight essential leadership behaviors shown to improve performance and ultimately drive organizational effectiveness. The authors will help you assess the pace at which you work and determine how you stack up against others in their firm’s database. You’ll discover tactics for speeding up critical elements of your day and learn how you can use the eight companion behaviors—including innovation, develop courage, initiate action, and set stretch goals— to help you increase your speed.

Masters of Command

Alexander, Hannibal, Caesar, and the Genius of Leadership

Author: Barry Strauss

Publisher: Simon and Schuster

ISBN: 1439164495

Category: History

Page: 320

View: 8231

Analyzes the leadership and strategies of three forefront military leaders from the ancient world, offers insight into the purposes behind their conflicts, and shows what today's leaders can glean from their successes and failures.

Liber Novus

Author: C. G. Jung

Publisher: W. W. Norton & Company

ISBN: 0393089088

Category: Psychology

Page: 582

View: 9505

Presents the Swiss psychologist's thoughts, experiences, and everything he felt after a period of time spent seeing visions, hearing voices, and inducing hallucinations.

Fed Up

An Insider's Take on why the Federal Reserve is Bad for America

Author: Danielle DiMartino Booth

Publisher: Penguin

ISBN: 0735211655

Category: Business & Economics

Page: 326

View: 4965

In the early 2000s, a Wall Street escapee writing a financial column for the Dallas Morning News, Booth attracted attention for her criticism of the Fed's low interest rate policies and her warnings about the housing market. Nobody was more surprised when the head of the Dallas Federal Reserve offered her a job as a financial analyst. Figuring she could have more of an impact on Fed policies from inside, she also observed how the Fed abdicated its responsibility to the people both before and after the financial crisis and how nobody within the Fed seems to have learned from the experience.

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