000 02560cam a2200205 i 4500
001 17070564
005 20170204111602.0
008 111204t2012 njua b 001 0 eng
020 _a9781118190197
040 _cPK-LaUMT
082 0 0 _a174.9332
_223
_bTAF-S
100 1 _aTaft, John
245 1 0 _aStewardship :
_blessons learned from the lost culture of Wall Street /
_cJohn G. Taft
260 _aHoboken, New Jersey :
_bJohn Wiley & Sons, Inc.,
_c2012
300 _axx, 218 p.
_billustrations ;
_c24 cm
520 _a"A compelling argument for why stewardship of wealth and service to others should be our highest financial priority. Stewardship is the journey of financial insider John Taft towards understanding and affirming the importance of stewardship--which he has come to define as "serving others"--as a core principle for the financial services industry, the global financial system, and society at large. By defining the attributes of authentic stewardship, this book presents a path forward by analyzing the success of Canadian banks in weathering the financial crisis; evaluates the effectiveness of global financial reform efforts in making the financial system safer, sounder, and more secure; offers wealth management prescriptions for individual investors; evaluates the potential of ESG (environmental, social, and governance) investment processes as a way to instill stewardship behaviors among corporate CEOs (particularly at financial services firms); and, ultimately, calls for a return to stewardship's core principles as the key to not only minimizing the scope and consequences of future failures, but also to addressing other societal challenges. Argues for a return towards stewardship, with financial services companies doing right by their customers. Analyzes the response of Canadian banks to the financial crisis to provide meaningful advice for investors and businesses alike. Inspired by Taft's experience running one of the largest wealth management firms in the country during the financial crisis and his direct participation in subsequent legislative and regulatory efforts to rewrite the rules under which the U.S. securities industry operates. From the man who made the unprecedented decision to reimburse clients affected by the collapse of a money market mutual fund comes a compelling look at why financial service companies should start doing what's right for their customers"--
650 0 _aFinancial services industry
_xMoral and ethical aspects.
650 7 _aBusiness and economics / Finance.
942 _cBK
999 _c90782
_d90782