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{{short description|American lawyer}}

{{Infobox scientist
{{Infobox scientist
|name = Harvey Goldschmid
| image =
|image =
| image_size =
|image_size = 200px
| caption =
|caption =
| birth_name = Harvey Jerome Goldschmid
|birth_date = {{Birth date and age|1940|5|6}}
| birth_date = {{Birth date|1940|5|6}}
|birth_place = [[New York City]]
| birth_place = [[New York City]], New York, U.S.
|death_date =
| death_date = {{Death date and age|2015|2|12|1940|5|6}}
|death_place =
| death_place = [[New York City]], New York, U.S.
|nationality = [[United States]]
| fields = [[Corporation law]], [[securities law]]
|fields = [[Corporation law]], [[securities law]]
| workplaces = [[Columbia Law School]]
|workplaces = [[Columbia Law School]]
| alma_mater = [[Columbia University]] ([[Bachelor of Arts|BA]], [[Juris Doctor|JD]])
| doctoral_advisor =
|alma_mater = Columbia Law School<br>[[Columbia University]]
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'''Harvey Goldschmid''' (born May 6, 1940) is currently the Dwight Professor of Law at [[Columbia Law School]]. From 2002 to 2005, he served as a member of the [[Securities & Exchange Commission]], where, though a [[Democratic Party (United States)|Democrat]], often sided with chairman [[William H. Donaldson]]. He is also an advisory board member of the Millstein Center for Corporate Governance and Performance at the [[Yale School of Management]].<ref>{{cite news |first=Amy Borrus |last=Borrus |authorlink= |coauthors=McNamee, Mike; Thornton, Emily |title=Donaldson: A Legacy That May Not Last |url=http://www.businessweek.com/magazine/content/05_24/b3937035_mz011.htm |work=[[BusinessWeek]] |publisher= |date=2005-06-13 |accessdate= }}</ref>
'''Harvey Jerome Goldschmid''' (May 6, 1940 – February 12, 2015) was the Dwight Professor of Law at [[Columbia Law School]]. From 2002 to 2005, he served as a member of the [[Securities & Exchange Commission]], where, though a [[Democratic Party (United States)|Democrat]], often sided with chairman [[William H. Donaldson]]. He was also an advisory board member of the Millstein Center for Corporate Governance and Performance at the [[Yale School of Management]].<ref>{{cite news |first=Amy Borrus |last=Borrus |author2=McNamee, Mike |author3=Thornton, Emily |title=Donaldson: A Legacy That May Not Last |url=http://www.businessweek.com/magazine/content/05_24/b3937035_mz011.htm |archive-url=https://web.archive.org/web/20060112143205/http://www.businessweek.com/magazine/content/05_24/b3937035_mz011.htm |url-status=dead |archive-date=January 12, 2006 |work=[[BusinessWeek]] |date=2005-06-13 }}</ref><ref>{{cite news|url=https://www.reuters.com/article/sec-goldschmid-idUSL1N0VM2L120150212|title=Former US SEC commissioner Harvey Goldschmid dead at 74|publisher=Reuters |date=February 12, 2015}}</ref>


== Biography ==
==Goldschmid’s role in Securities Regulation==
Goldschmid was born in [[The Bronx]] on May 6, 1940. He graduated from [[Columbia College (New York)|Columbia College]] and [[Columbia Law School]]. He joined the [[Columbia Law School]] faculty in 1970 and became the Dwight Professor of Law in 1984.<ref name=":0" />
Goldschmid has been recognized as the most influential SEC Commissioner who did not become a Chair in the agency’s history.<ref>{{cite news |first=Joel |last=Seligman |title= In Honor of Harvey J. Goldschmid |url= http://www.columbialawreview.org/assets/pdfs/106/7/Seligman.pdf |work=[[Columbia Law Review]] |publisher= |year=2006 | pages=1479}}</ref>


==Role in securities regulation==
Goldschmid's was an advisor and general counsel to SEC Chair Arthur Levitt. goldschmid supervised the revision of the pivotal SEC Rule of Practice 102(e) and helped draft Regulation FD. SEC Rule of Practice 102(e)(iv), four paragraphs long, articles “improper professional conduct.
Goldschmid was recognized as perhaps the most influential SEC Commissioner who did not become the Chairman of the regulatory commission in the agency's history.<ref>{{cite news |first=Joel |last=Seligman |title=In Honor of Harvey J. Goldschmid |url=http://www.columbialawreview.org/assets/pdfs/106/7/Seligman.pdf |work=[[Columbia Law Review]] |year=2006 |pages=1479 |url-status=dead |archive-url=https://web.archive.org/web/20110525043645/http://www.columbialawreview.org/assets/pdfs/106/7/Seligman.pdf |archive-date=2011-05-25 }}</ref>


Goldschmid was an advisor and general counsel to SEC Chairman [[Arthur Levitt]]. Goldschmid supervised the revision of the pivotal SEC Rule of Practice 102(e) and helped draft Regulation FD. SEC Rule of Practice 102(e)(iv), four paragraphs long, articles "improper professional conduct".
During the chairmanships of Harvey Pitt and Bill Donaldson, Harvey continued his service as a Commissioner.

During the chairmanships of [[Harvey Pitt]] and [[William H. Donaldson|Bill Donaldson]], Goldschmid continued his service as a Commissioner.


Goldschmid publicly opposed the confirmation of Bill Webster as the first chair of the Public Company Accounting Oversight Board due to issues with the appointment process. Webster was confirmed by a three-to-two vote over Goldschimd's dissent. Later, both Webster and Chairman Pitt resigned.
Goldschmid publicly opposed the confirmation of Bill Webster as the first chair of the Public Company Accounting Oversight Board due to issues with the appointment process. Webster was confirmed by a three-to-two vote over Goldschimd's dissent. Later, both Webster and Chairman Pitt resigned.
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During the subsequent chairmanship of Bill Donaldson, the Commission budget was expanded. One issue where Goldschmid differed with Donaldson was over shareholder proxy access.
During the subsequent chairmanship of Bill Donaldson, the Commission budget was expanded. One issue where Goldschmid differed with Donaldson was over shareholder proxy access.


Goldschmid was one of the reporters on the American Law Institute’s (ALI) Principles of Corporate Governance project. Part IV of this documentaddressed the business judgment rule and duty of care.
Goldschmid was one of the reporters on the American Law Institute's (ALI) Principles of Corporate Governance project. Part IV of this document addressed the business judgment rule and duty of care.

Goldschmid died of complications from pneumonia in Manhattan on February 12, 2015, aged 74.<ref name=":0">{{cite news|last1=Creswell|first1=Julie|title=Harvey Goldschmid, Ally of Ordinary Shareholders, Is Dead at 74|url=https://www.nytimes.com/2015/02/13/business/harvey-goldschmid-74-ally-of-ordinary-shareholders.html?_r=0|access-date=February 13, 2015|work=The New York Times|date=February 13, 2015}}</ref><ref>{{cite news|last1=Schmidt|first1=Robert|title=Harvey Goldschmid, Ex-SEC Commissioner, Scholar, Dies at 74|url=https://www.bloomberg.com/news/articles/2015-02-12/ex-sec-commissioner-law-professor-harvey-goldschmid-dies-at-74|access-date=February 13, 2015|work=Bloomberg|date=February 12, 2015}}</ref>


==References==
==References==
{{Reflist}}
{{Reflist}}
{{Authority control}}


{{s-start}}
{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->
{{succession box |
| NAME = Goldschmid, Harvey
before= [[Richard H. Walker]]|
| ALTERNATIVE NAMES =
title= SEC General Counsel|
| SHORT DESCRIPTION =
years= 1998&ndash;1999 |
| DATE OF BIRTH = May 6, 1940
| PLACE OF BIRTH = [[New York City]]
after= [[David M. Becker]]
| DATE OF DEATH =
| PLACE OF DEATH =
}}
}}
{{s-end}}

{{DEFAULTSORT:Goldschmid, Harvey}}
{{DEFAULTSORT:Goldschmid, Harvey}}
[[Category:1940 births]]
[[Category:1940 births]]
[[Category:Living people]]
[[Category:2015 deaths]]
[[Category:New York lawyers]]
[[Category:New York (state) lawyers]]
[[Category:American businesspeople]]
[[Category:American businesspeople]]
[[Category:American legal scholars]]
[[Category:American legal scholars]]
[[Category:Columbia Law School alumni]]
[[Category:Columbia Law School alumni]]
[[Category:Columbia University alumni]]
[[Category:Columbia Law School faculty]]
[[Category:Columbia Law School faculty]]
[[Category:Members of the United States Securities and Exchange Commission]]
[[Category:Members of the U.S. Securities and Exchange Commission]]
[[Category:Columbia College (New York) alumni]]
[[Category:George W. Bush administration personnel]]
[[Category:Clinton administration personnel]]





Latest revision as of 16:57, 2 November 2024

Harvey Goldschmid
Born
Harvey Jerome Goldschmid

(1940-05-06)May 6, 1940
New York City, New York, U.S.
DiedFebruary 12, 2015(2015-02-12) (aged 74)
New York City, New York, U.S.
Alma materColumbia University (BA, JD)
Scientific career
FieldsCorporation law, securities law
InstitutionsColumbia Law School

Harvey Jerome Goldschmid (May 6, 1940 – February 12, 2015) was the Dwight Professor of Law at Columbia Law School. From 2002 to 2005, he served as a member of the Securities & Exchange Commission, where, though a Democrat, often sided with chairman William H. Donaldson. He was also an advisory board member of the Millstein Center for Corporate Governance and Performance at the Yale School of Management.[1][2]

Biography

[edit]

Goldschmid was born in The Bronx on May 6, 1940. He graduated from Columbia College and Columbia Law School. He joined the Columbia Law School faculty in 1970 and became the Dwight Professor of Law in 1984.[3]

Role in securities regulation

[edit]

Goldschmid was recognized as perhaps the most influential SEC Commissioner who did not become the Chairman of the regulatory commission in the agency's history.[4]

Goldschmid was an advisor and general counsel to SEC Chairman Arthur Levitt. Goldschmid supervised the revision of the pivotal SEC Rule of Practice 102(e) and helped draft Regulation FD. SEC Rule of Practice 102(e)(iv), four paragraphs long, articles "improper professional conduct".

During the chairmanships of Harvey Pitt and Bill Donaldson, Goldschmid continued his service as a Commissioner.

Goldschmid publicly opposed the confirmation of Bill Webster as the first chair of the Public Company Accounting Oversight Board due to issues with the appointment process. Webster was confirmed by a three-to-two vote over Goldschimd's dissent. Later, both Webster and Chairman Pitt resigned.

During the subsequent chairmanship of Bill Donaldson, the Commission budget was expanded. One issue where Goldschmid differed with Donaldson was over shareholder proxy access.

Goldschmid was one of the reporters on the American Law Institute's (ALI) Principles of Corporate Governance project. Part IV of this document addressed the business judgment rule and duty of care.

Goldschmid died of complications from pneumonia in Manhattan on February 12, 2015, aged 74.[3][5]

References

[edit]
  1. ^ Borrus, Amy Borrus; McNamee, Mike; Thornton, Emily (2005-06-13). "Donaldson: A Legacy That May Not Last". BusinessWeek. Archived from the original on January 12, 2006.
  2. ^ "Former US SEC commissioner Harvey Goldschmid dead at 74". Reuters. February 12, 2015.
  3. ^ a b Creswell, Julie (February 13, 2015). "Harvey Goldschmid, Ally of Ordinary Shareholders, Is Dead at 74". The New York Times. Retrieved February 13, 2015.
  4. ^ Seligman, Joel (2006). "In Honor of Harvey J. Goldschmid" (PDF). Columbia Law Review. p. 1479. Archived from the original (PDF) on 2011-05-25.
  5. ^ Schmidt, Robert (February 12, 2015). "Harvey Goldschmid, Ex-SEC Commissioner, Scholar, Dies at 74". Bloomberg. Retrieved February 13, 2015.
Preceded by SEC General Counsel
1998–1999
Succeeded by