Word: shad
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Dates: during 1980-1989
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...unfolding Wall Street scandals, outgoing Securities and Exchange Commissioner John S.R. Shad has been dismayed by how many of the indicted traders are graduates of top business schools. Last week, to bolster ethical training at his alma mater, the Harvard Business School, former Investment Banker Shad made a reported $20 million down payment on a gift that other alumni contributions will eventually bring to $30 million, the school's largest gift ever. The money will endow chairs and underwrite case studies in ethical issues. In the words of Dean John McArthur, it will allow ethics "to be imbedded...
...School will use the fund-which includes a $20 million gift from outgoing Securities and Exchange Commission Chairman John Shad-to establish a program similar to the Core curriculum, said Joseph L. Bower, an assistant B-School dean...
...With that amount of money you can make largechanges happen, but you have to have leadership,and [the B-School is] developing that, I wouldassume," Thompson said.Photo Courtesy Richard A. ChaseSEC Commissioner JOHN SHAD...
...increase the likelihood that offenders will be caught -- and that getting caught will hurt. So far the SEC has been reluctant to use the powers of treble confiscation of illegal profits granted to the agency in 1984. That should change. At the same time, the SEC under Chairman John Shad has shown greater eagerness than it had under his predecessors to pursue insider cases. Says Shad: "If the public believes that a few have privileged information and take advantage of it, it is going to shake confidence in the fairness and the integrity of the securities market." Shad's crackdown...
...York City's stock markets had closed for the week when the stunning announcement came. Even so, the bombshell sent the U.S. financial world reeling. In Washington, Securities and Exchange Commission Chairman John Shad announced that Manhattan-based Ivan Boesky, one of Wall Street's richest and most frenetically active individual speculators, had been snared in the biggest insider-trading case ever. In a consent decree Boesky, 49, had agreed to pay $100 million, which Shad described as "by far the largest" settlement obtained by the SEC for insider-trading activity. After a 16 1/2-month transition period in which Boesky...