Fiduciary Responsibility Quotes

Therefore, the only way Donald Trump can protect himself is to set up a blind trust or to divest in these holdings. It's the only way.

We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.

It is the essence of responsibility to put the public good ahead of personal gain.

Men who leave their money to be distributed by others are pie-faced mutts.

At no time have I ever done anything that would betray the public trust.

The phrase public office is a public trust, has of last become common property.

What we need is congressional action to establish a federal principle of fiduciary duty - encapsulated by the phrase 'no man can serve two masters.'

Public money ought to be touched with the most scrupulous consciousness of honor.

Rulers are no more than attorneys, agents, and trustees, for the people; and if the cause, the interest and trust, is insidiously betrayed, or wantonly trifled away, the people have a right to revoke the authority that they themselves have deputed, and to constitute abler and better agents, attorneys, and trustees.

... the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street.

At the heart of Erisa is the requirement that plan fiduciaries act with an 'eye single' to funding the retirements of plan participants and beneficiaries. This means investment decisions must be based solely on whether they enhance retirement savings, regardless of the fiduciary's personal preferences.

Members of Congress are trustees of the people.

My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.

If one has been blessed or have been fortunate enough to have got much more than normal wealth, it is but natural that one expects a certain fiduciary responsibility in terms of how that wealth is applied, used and leveraged for purposes of society.

The financial crisis of 2008-09 was in large part the result of the so-called 'success' of people who did not understand their fiduciary duty. This kind of 'success' is extremely harmful to all of society.

Americans need to worry about whether Donald Trump will be watching out for America's bottom line or his own bottom line.

Left-wing shareholder activists seek to leverage the mass economic power of institutional investors such as pension funds, whose managers are supposed to focus strictly on their fiduciary responsibilities to retirees.

The whole question of fiduciary responsibility is a very old concept. You could make a movie about someone making that rule at any point in history, and within a few months, it will turn out to be timely.

The unhappy theory of business ethics is this: you have a fiduciary responsibility to maximize profit. Period. To do anything other than that is to cheat your investors. And in a competitive world, you don't have much wiggle room here.

The 'blind trust' is an age-old ruse. You give a blind trust rules. You can say to a blind trust, don't invest in properties which would be in conflict of interest or where the seller might think they're going to take advantage from me.

We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients.

Financial planners are salespeople. They are NOT teachers. Get your education from someone NOT getting a commission.

A holding company is the people you give your money to while you're being searched.

A public fund is collected by no fewer than two [persons], and disbursed by no fewer than three.

You are in the field to defend the public interest, the financial truth for investors and the funds that should support the widow and the orphan.