Paul Volcker: A Financial Legend

Author: (American) Paul Volcker
Publisher:
Publish Date: 2006-01-01
Features: Paul Volcker's career is a financial legend. He is one of the most influential economic thinkers in the world, hailed as an upright person and a natural leader. Throughout his career, he consistently did what he believed was right, regardless of the consequences. Volcker is a rare financial giant who never sought personal wealth. His greatest goal has always been to dedicate himself to serving the public interest, which is why major governments and private institutions have sought his advice during times of crisis. Joseph B. Treaster, a winning journalist for The New York Times, wrote "Paul Volcker: A Financial Legend," which takes you through the most captivating moments of Volcker's 50-year career in finance and public service. The book faithfully records the days when he served as one of the strongest voices in the United States as the Chair of the Federal Reserve, as well as his recent work, including being appointed to revitalize Arthur Andersen Accounting Company and helping victims of the Holocaust recover billions of dollars in deposits from Swiss banks. From public politics to private enterprise, this compelling work examines the moral, economic, and ethical dilemmas Volcker faced at every turning point. The book captures some of the most intriguing moments in Volcker's career: rising as a young Treasury official during the Nixon era, playing a leading role in ending the breakdown of the Bretton Woods system; serving as President of the New York Federal Reserve Bank; chairing the U.S. Federal Reserve Board from 1979 to 1987; serving as Chairman of James Wolseley Investment Company; and dedicating himself to corporate governance and accounting system reform. "Paul Volcker: A Financial Legend" tells the story of how one person's achievements ultimately improved the lives of millions of Americans and continued to influence the business and financial worlds. Anecdotes and analysis are interwoven in an engaging way.