Stewardship: Lessons Learned from the Lost Culture of Wall Street

By: John G. Taft, Charles D. Ellis

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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 customersAnalyzes the response of Canadian banks to the financial crisis to provide meaningful advice for investors and businesses alikeInspired 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 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.

Title: Stewardship: Lessons Learned from the Lost Culture of Wall Street

Author Name: John G. Taft, Charles D. Ellis

Categories: Business Hard Cover,

Publisher: Wiley: March 2012

ISBN Number: 111819019X

ISBN Number 13: 9781118190197

Binding: Hardcover

Book Condition: Used - Good

Jacket Condition: Good

Seller ID: 317336

Description: Light edge and corner wear to dust jacket. Light creases to dust jacket. Dust jacket is in good condition. Light edge and corner wear to book. Pages still clean and tight. Book is in good condition. All orders shipped with tracking number and e-mail confirmation. All Orders Shipped With Tracking And Delivery Confirmation Numbers.