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Paul Volcker

The Making of a Financial Legend

Paul Volcker by Joseph B. Treaster
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Paul Volcker is a living legend of finance. He has established himself as one of the world’s most influential economic thinkers and is regarded as both a figure of integrity and an instinctive leader who–throughout his career–has invariably done what he has thought was right, regardless of the consequences. Volcker is that rare financial titan who never sought to amass great personal wealth. Throughout his career, it is evident that he had no greater goal than doing the best job he could in the public interest, leading organizations from both the public and private sector to seek out his advice when crises of confidence arose.

Written by award-winning New York Times journalist Joseph B. Treaster, Paul Volcker: The Making of a Financial Legend takes you through the most compelling moments of Volcker’s fifty years in finance and public service–documenting his days as one of the most powerful voices in America as chairman of the Federal Reserve, as well as his more recent endeavors, including a mission to revive the Arthur Andersen accounting firm and efforts to recover billions in lost savings of Holocaust victims from Swiss banks.

From public politics to private business, this masterful book examines the ethical, economic, and moral dilemmas Volcker faced at every turn. Compelling moments captured within these pages include Volcker’s:

  • Early days as a young Treasury Department official during the Nixon years and his leading role as Treasury Department undersecretary in ending the Bretton Woods system
  • Appointment as president of the New York Federal Reserve Bank
  • Tenure as chairman of the Federal Reserve from 1979 to 1987–through the Carter and Reagan administrations
  • Role as chairman of the investment firm James D. Wolfensohn, Inc.
  • Campaigns for change in corporate governance and accounting

Weaving together anecdotes and analysis in an action-oriented narrative, Paul Volcker: The Making of a Financial Legend is an engaging account of how one man achieved results that ultimately improved the lives of millions of Americans and continues to influence the worlds of business and finance.

Wiley; May 2004
244 pages; ISBN 9781118160855
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Title: Paul Volcker
Author: Joseph B. Treaster
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