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|birth_date = {{Birth date|1940|5|6}}
|birth_date = {{Birth date|1940|5|6}}
|birth_place = [[New York City]], New York, U.S.
|birth_place = [[New York City]], New York, U.S.
|death_date = {{Death date and age|2015|2|11|1940|5|6}}
|death_date = {{Death date and age|2015|2|12|1940|5|6}}
|death_place = [[New York City]], New York, U.S.
|death_place = [[New York City]], New York, U.S.
|nationality = [[United States]]
|nationality = [[United States]]
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|footnotes =
|footnotes =
}}
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'''Harvey Jerome Goldschmid''' (May 6, 1940 – February 11, 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 |authorlink= |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 |work=[[BusinessWeek]] |publisher= |date=2005-06-13 |accessdate= }}</ref><ref>{{cite news|url=http://www.reuters.com/article/2015/02/12/sec-goldschmid-idUSL1N0VM2L120150212|title=Former US SEC commissioner Harvey Goldschmid dead at 74|publisher=reuters.com|date=February 12, 2015}}</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 |authorlink= |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 |work=[[BusinessWeek]] |publisher= |date=2005-06-13 |accessdate= }}</ref><ref>{{cite news|url=http://www.reuters.com/article/2015/02/12/sec-goldschmid-idUSL1N0VM2L120150212|title=Former US SEC commissioner Harvey Goldschmid dead at 74|publisher=reuters.com|date=February 12, 2015}}</ref>


==Role in securities regulation==
==Role in securities regulation==
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Goldschmid died of complications from pneumonia in Manhattan on February 12, 2015, aged 74.<ref>{{cite news|last1=Creswell|first1=Julie|title=Harvey Goldschmid, Ally of Ordinary Shareholders, Is Dead at 74|url=http://www.nytimes.com/2015/02/13/business/harvey-goldschmid-74-ally-of-ordinary-shareholders.html?_r=0|accessdate=February 13, 2015|work=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=http://www.bloomberg.com/news/articles/2015-02-12/ex-sec-commissioner-law-professor-harvey-goldschmid-dies-at-74|accessdate=February 13, 2015|work=Bloomberg|date=February 12, 2015}}</ref>
Goldschmid died of complications from pneumonia in Manhattan on February 12, 2015, aged 74.<ref>{{cite news|last1=Creswell|first1=Julie|title=Harvey Goldschmid, Ally of Ordinary Shareholders, Is Dead at 74|url=http://www.nytimes.com/2015/02/13/business/harvey-goldschmid-74-ally-of-ordinary-shareholders.html?_r=0|accessdate=February 13, 2015|work=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=http://www.bloomberg.com/news/articles/2015-02-12/ex-sec-commissioner-law-professor-harvey-goldschmid-dies-at-74|accessdate=February 13, 2015|work=Bloomberg|date=February 12, 2015}}</ref>



<big>'''‘SEC Giant’'''</big>
Samples of praise for his career...

Bloomberg News:

As SEC general counsel in 1998 and 1999, Goldschmid provided the legal underpinning for two of Chairman Arthur Levitt’s major achievements: prohibiting public companies from selectively disclosing market-moving information and barring brokers from making political contributions to win municipal-bond business.

“Any of the great ideas coming out of the years that I was at the SEC almost always came from Harvey,” Levitt said. “He was one of the wisest, fairest, most creative lawyers that I have ever known.”
<ref>http://www.bloomberg.com/news/articles/2015-02-12/ex-sec-commissioner-law-professor-harvey-goldschmid-dies-at-74</ref>

Wall Street Journal:

“He will go down in history as one of the giants of the SEC,” said Arthur Levitt, who was SEC chairman while Mr. Goldschmid was a senior staffer there. Mr. Goldschmid was “the personification of the qualities of patriotism and scholarship,” Mr. Levitt said.

In a statement, SEC Chairman Mary Jo White called Mr. Goldschmid “a true public servant, whose commitment to this agency lived long past the days he spent working here.”

<ref>http://www.wsj.com/articles/former-sec-commissioner-harvey-goldschmid-dies-at-74-1423782328</ref>


==References==
==References==
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| DATE OF BIRTH = May 6, 1940
| DATE OF BIRTH = May 6, 1940
| PLACE OF BIRTH = [[New York City]]
| PLACE OF BIRTH = [[New York City]]
| DATE OF DEATH = February 11, 2015
| DATE OF DEATH = February 12, 2015
| PLACE OF DEATH = [[New York City]]
| PLACE OF DEATH = [[New York City]]
}}
}}
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[[Category:Columbia Law School faculty]]
[[Category:Columbia Law School faculty]]
[[Category:Members of the United States Securities and Exchange Commission]]
[[Category:Members of the United States Securities and Exchange Commission]]



{{US-gov-bio-stub}}
{{US-gov-bio-stub}}

Revision as of 02:04, 12 March 2015

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.
NationalityUnited States
Alma materColumbia Law School
Columbia University
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]

Role in securities regulation

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.[3]

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.[4][5]

References

  1. ^ Borrus, Amy Borrus; McNamee, Mike; Thornton, Emily (2005-06-13). "Donaldson: A Legacy That May Not Last". BusinessWeek.
  2. ^ "Former US SEC commissioner Harvey Goldschmid dead at 74". reuters.com. February 12, 2015.
  3. ^ Seligman, Joel (2006). "In Honor of Harvey J. Goldschmid" (PDF). Columbia Law Review. p. 1479.
  4. ^ Creswell, Julie (February 13, 2015). "Harvey Goldschmid, Ally of Ordinary Shareholders, Is Dead at 74". New York Times. Retrieved February 13, 2015.
  5. ^ Schmidt, Robert (February 12, 2015). "Harvey Goldschmid, Ex-SEC Commissioner, Scholar, Dies at 74". Bloomberg. Retrieved February 13, 2015.

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