These issues are not academic or peripheral -- they directly affect every mutual fund investor. ... One word above all must define a fund's overall management structure. That word is accountability. And, without strong independent directors, accountability is nothing more than words on a page.

he said. ''I would hope the decision would be reversed upon appeal.

If you compensate a CEO by giving him options, he's going to do everything he can to make those options as valuable as possible.

Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.

I've had my dream job. I have been able to work on issues that I have been deeply passionate about since I first began my career in the securities business nearly 38 years ago,

Taxes are one of the most significant costs of investing in mutual funds,

The best companies, the most solidly managed companies, are ones that are managed for the future that don't focus on the price of the shares.

It is time for the U.S. securities market to make this change,

They have been compared to a high-tech version of morning gossip or advice at the company water cooler, ... At least you knew your co-workers at the water cooler.

This effort will be an important addition ? to encourage the education of fund directors,