Paul Volcker: A Financial Legend

Author: Paul B. Treaster
Publisher:
Publication 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 man, 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 to accumulate personal wealth. His greatest goal has always been to dedicate himself tirelessly to the public interest, and as a result, major governments and private institutions have sought his advice during times of crisis.
Written by Joseph B. Treaster, a winning journalist for The New York Times, Paul Volcker: The Financial Legend 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 Chair of the Federal Reserve, as well as his recent work, including being tasked with reviving Arthur Andersen Accounting and helping victims of the Nazi Holocaust recover billions of dollars in deposits from Swiss banks. From public policy 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: his early rise as a young Treasury official during the Nixon era, his leadership role in ending the collapse of the Bretton Woods system; his tenure as President of the New York Federal Reserve Bank; his service as Chair of the Board of Governors of the Federal Reserve from 1979 to 1987; his role as Chairman of James Wolfensohn Investment Company; and his dedication to corporate governance and accounting system reform.
Paul Volcker: The 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. An interweaving of anecdotes and analysis, the book faithfully records the days when Paul Volcker, as Chair of the Federal Reserve, served as one of the strongest voices in the United States, as well as his recent work, including being tasked with reviving Arthur Andersen Accounting and helping victims of the Nazi Holocaust recover billions of dollars in deposits from Swiss banks.