I’m gonna walk before they make me run.
I recall the moment I heard about Bernie Madoff’s arrest. It was December 2008, and I was at a holiday party standing with several acquaintances when a friend walked up to us and said that Madoff had been arrested.
I knew then that everything was about to change. Madoff—an investment manager who was a former vice chair of Nasdaq—running a multibillion-dollar Ponzi scheme. Lives would be destroyed. The news couldn’t have been more stunning.
The financial world had already absorbed many shocks in 2008. But Madoff’s arrest would put the SEC in the crosshairs of Congress, the media, and the world. That fall I’d been seriously thinking about leaving the private ...