A biography on New York Attorney General Eliot Spitzer that has just been published, "Spoiling for a Fight: The Rise of Eliot Spitzer," certainly does not fall short of underscoring his successes in taking on investment research conflicts of interest and putting an end to the mutual fund trading abuses, according to a review in USA Today.
However, not everyone sees him as a hero. Many Republicans and business leaders think Spitzer often puts his own ego ahead of others', particularly other regulators', interest.
And the book makes a big point of the fact that Spitzer settled with the powerful Eddie Stern of Canary Capital, one of the biggest mutual fund trading masterminds, instead prosecuting mid-level broker Theodore Sihpol of Bank of America. It was no wonder then, that the jury acquitted Sihpol on 33 counts.
It's also been said that Spitzer has bullied executives and members of Congress into voting with or agreeing with him.
Although author Brooke Masters, a reporter with the Washington Post, allows members of Spitzer's office to give their own version of events, the reviewer believes the order in which Master unveils situations makes their refutations sound like political spin. Given Spitzer's certain long political future ahead, the tone of the book, the reviewer writers, will impact future Spitzer biographies to come.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.