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Stewardship
Book

Stewardship

Lessons Learned from the Lost Culture of Wall Street

John G. Taft
Wiley, 2012

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Editorial Rating

8

Qualities

  • Innovative

Recommendation

Why did the 2008 financial crisis occur? What steps must regulators and banks take to avoid similar disasters in the future? And how can individual investors protect themselves? Securities industry leader John G. Taft provides some thought-provoking answers to these questions and more. As the CEO of one of the US’s largest full-service investment, advisory and wealth management firms and as a chairman of the Securities Industry and Financial Markets Association, Taft offers an insider view. His position lends authoritative heft to his admonition to Wall Street: Make stewardship of your clients’ interests your primary mission. By extension, he exhorts everyone to take responsibility for safeguarding the Earth’s future. Though Taft’s treatise is, in some ways, a fiduciary reiteration of familiar, sound advice – be nice to everybody – getAbstract recommends his thoughtful, knowledgeable and impassioned appeal for professional and personal accountability. It’s a call to arms no one can afford to ignore.

Take-Aways

  • All human beings should act as stewards to improve the world around them.
  • Stewardship requires personal and professional accountability.
  • It calls for putting the interests of your community and the planet ahead of your interests.

About the Author

John G. Taft is the CEO of RBC Wealth Management in the US and served as chairman of the Securities Industry and Financial Markets Association. He is the grandson of former US senator Robert Taft and the great-grandson of US president William Howard Taft.

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