Robert C. Pozen
Robert C. Pozen
Senior Lecturer of Business Administration
| Unit | General Management |
|---|---|
| Contact | (617) 495-5864 Send E-Mail |
| Overview | Biography | Publications & Course Materials | Current Research | Areas of Interest |
Robert C. Pozen is Chairman of MFS Investment Management®, which manages over $200 billion in assets for over five million investors worldwide. This represents an increase of 50% from the first half of 2004 when Bob was named to his current position.
Featured Work
Bob Pozen: Fixing the Financial System
a weekly blog at Harvard Business Conversation Starter
Stop Pining for Glass-Steagall [Forbes]
By Robert C. Pozen, Forbes, Oct. 5, 2009
Thank goodness that statute was gone when it came time to rescue Merrill Lynch and Bear Stearns.
In short, reinstating the Glass-Steagall Act would not prevent another financial crisis. It would just increase the severity of any such crisis by limiting the options for helping securities firms in liquidity crunches. Moreover, imposing restrictions on the securities activities of U.S. banks would put them at a tremendous disadvantage relative to their foreign competitors.
SEC Advisory Committee Makes Recommendations to Improve Financial Reporting for Investors
(L to R) FASB Chairman Robert Herz, Advisory Committee Chairman Robert Pozen, SEC Chairman Christopher Cox, and PCAOB Chairman Mark Olson
On Aug. 1, 2008, Chairman of the SEC Advisory Committee on Improvements to Financial Reporting, Robert C. Pozen, presented Chairman Cox with a final report containing recommendations that can be implemented by the SEC, the Financial Accounting Standards Board (FASB), and the Public Company Accounting Oversight Board (PCAOB).
According to Pozen, "Our recommendations would make financial reports more useful to investors — with clearer guidelines, fewer exceptions and greater focus on really important information."
The Committee's report provides practical proposals to improve financial reporting in five main areas: Increasing the usefulness of information in SEC filings, enhancing the accounting standards-setting process, improving the substantive design of new standards, delineating authoritative interpretive guidance, and clarifying guidance on financial restatements and accounting judgments.