Speaker profile last updated by AAE Talent Team on 05/07/2024.
The US economy is on the brink of--or is already in--a recession. The stock prices of the biggest banks and financial service companies are dropping. With such deep losses come layoffs, and thousands of jobs have been cut at banks and in other companies. Hundreds of billions of dollars have been lost by companies and investors--and the effects have been felt worldwide. Arthur Levitt discusses how this happened and what can be done about it.
As we find ourselves in an economic environment in which credit is tight, the dollar has lost much of its relative value, and confidence in our financial system has been badly shaken, consumers have curtailed their spending, and businesses are facing lower profits. Levitt references the Enron and Worldcom debacles to instill a glimmer of hope for our economic future: restoring trust. Trust, according to Levitt, is the lifeblood of our markets: You will only invest in a company if you trust the numbers they give you; you will only put your retirement in a certain mutual fund if you trust that the fund's managers are being held accountable for their decisions; and you will only lend anyone money if you trust that there is a way to enforce the terms of your loan agreement. Levitt provides reasonable, plausible solutions to curtail the financial dovetail, including regulations standardization across state boundaries, palatable disclosures, and the prohibition of predatory lending practices.
Almost every day on television you will see ads that promise to clean up your credit score, give you more money, and put you in the car or house of your dreams. As amusing (or annoying) as these ads might be, they are important because the services and products that companies are offering are part and parcel of the subprime mess or credit crisis that we are seeing today. Arthur Levitt draws a direct line from places like the Mortgage Center to Citigroup and Merrill Lynch, the health of the stock market, the actions of the Federal Reserve, and the economic future of the United States and the entire world.
Almost every day on television you will see ads that promise to clean up your credit score, give you more money, and put you in the car or house of your dreams. As amusing (or annoying) as these ads might be, they are important because the services and products that companies are offering are part and parcel of the subprime mess or credit crisis that we are seeing today. Arthur Levitt draws a direct line from places like the Mortgage Center to Citigroup and Merrill Lynch, the health of the stock market, the actions of the Federal Reserve, and the economic future of the United States and the entire world.
The pension crisis for U.S. businesses and employees is once again making headlines, threatening to engulf U.S. automakers as it did with steel companies and the airline industry. For three decades, the current pension structure has allowed a shell-game system of pension accounting to develop that misleads taxpayers and investors about the true fiscal health of their cities and companies, while allowing management to make promises to workers that saddle future generations with huge costs. Solutions are underway: proposals to shore up the Pension Benefit Guaranty Corporation (PBGC) are making their way through Congress. However, the problem will only get worse unless immediate action is taken to bring accuracy, transparency and accountability to pension accounting. Arthur Levitt, former chairman of the Securities and Exchange Commission, provides an all-too-salient discussion of the current pension problems faced by todays economy, along with recommendations about repairing them for both the short and long term.
Former SEC Chairman Arthur Levitts sympathies have always been with the everyday investor: from establishing a website that allows free and easy access to corporate filings and investor education materials to holding numerous investor town meetings throughout the country to hear investors concerns, Levitt has always made their needs a priority. In this presentation, based on his best-selling book of the same name, Levitt reveals the tactics of wise investment in plain language, then spells out how to intelligently invest in mutual funds and the stock market. His advice, aimed not only at individual investors but also at brokerages and investment houses, shows audiences how to interpret annual reports, understand press releases and draw from more from reliable sources.
Arthur Levitt is a keynote speaker and industry expert who speaks on a wide range of topics such as It Affects All of Us, Trust - What it Means and How to Maintain It, Trust - What it Means and How to Maintain It, The Economic Future, Pensions The Coming Crisis and Take On The Street. The estimated speaking fee range to book Arthur Levitt for your event is $30,000 - $50,000. Arthur Levitt generally travels from CT, USA and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Similar motivational celebrity speakers are Todd Buchholz, Ben Stein, Sallie Krawcheck, Jim Cramer and Joseph Stiglitz. Contact All American Speakers for ratings, reviews, videos and information on scheduling Arthur Levitt for an upcoming live or virtual event.
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