Levitt/advance press/tells all?..we'll see/pass it on.
Former SEC Chairman Arthur Levitt to Publish Book Exposing Hidden Costs and
Dangers of Investing: Book Due in 2003 From Pantheon,
Imprint of Knopf Publishing Group
NEW YORK, April 25 /PRNewswire/ -- Sonny Mehta, President of the Knopf
Publishing Group, announced today the acquisition of a book by Arthur Levitt,
former Chairman of the United States Securities and Exchange Commission. The
book, Levitt's first, will arm investors with unique insights and advice about
who is and who is not working in their interest, how to separate hype from
fact, and how to invest smart and, ultimately, more profitably.
It will be published by Pantheon Books in hardcover in January 2003, and
by Vintage Books in paperback the following year. Both Pantheon and Vintage
are imprints of the Knopf Publishing Group, which is a division of Random
House, Inc. Erroll McDonald, Vice President and Executive Editor of Pantheon,
acquired world rights to the book from Robert Barnett of Williams & Connolly
in Washington, D.C. Mr. McDonald will work with Mr. Levitt as his editor.
"Never have the world financial markets been the object of more intense
scrutiny," said Mr. Mehta. "Arthur Levitt's experience makes him uniquely
qualified to explain how these markets work, and should work, for investors
today. More important, he has telling insights on when and why analysts,
brokers, stocks and markets fail -- cautionary tales for us all."
"This book will be a distillation of everything I learned during my eight
years at the Securities and Exchange Commission," said Mr. Levitt, "and in my
three decades on Wall Street." Levitt will go behind the scenes to reveal
hidden market costs and investment pitfalls, telling investors what questions
to ask of whom. He will discuss what Washington and Wall Street must do to
better serve the needs of the most powerful force in markets -- the individual
investor.
Arthur Levitt was the 25th Chairman of the United States Securities and
Exchange Commission. First appointed by President Clinton in July 1993, he
was reappointed in May 1998, and in 1999 became the longest-serving Chairman
of the Commission. Hallmarks of his tenure included improving the quality of
the financial reporting process, maintaining the independence of auditors,
saving investors billions by reducing spreads in the Nasdaq market, and
promoting the use of plain English. Chairman Levitt was also instrumental in
requiring that important information be released to all investors
simultaneously, fighting Internet fraud, and cleaning up the municipal bond
market. He left the commission in February.
Before joining the commission, Mr. Levitt owned Roll Call, a newspaper
that covers Capitol Hill. From 1989 to 1993, he served as the Chairman of the
New York City Economic Development Corporation, and from 1978 to 1989 he was
the Chairman of the American Stock Exchange. Prior to joining the Amex, Mr.
Levitt worked for 16 years on Wall Street. He graduated Phi Beta Kappa from
Williams College.
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SOURCE Knopf Publishing Group
/CONTACT: Paul Bogaards, Senior Vice-President, Executive Director ofPublicity,
Promotion and Media Relations, 212-572-2177,pbogaards@randomhouse.com for Knopf
Publishing Group/ |
