Steven Bavaria

Steven Bavaria writes about finance, economics and politics, drawing on his fifty years experience in international banking, credit, investment, journalism and public service. His latest book, “The Income Factory: An Investor’s Guide to Consistent Lifetime Returns,” is scheduled to be published by McGraw Hill early in 2020. His earlier book “Too Greedy for Adam Smith: CEO Pay and the Demise of Capitalism” was inspired by his experiences running human resources at the Bank of Boston, where he saw first hand the excesses in the CEO pay arena. Bavaria began his career at the Bank of Boston, where he handled international credit workouts that involved managing a fleet of ships, chasing a Vatican-owned bank in Switzerland, and leading the turnaround of troubled branches in Australia and Panama, before returning to Boston to run the bank's human resources department. Later he worked at Standard & Poor's, where he introduced credit ratings to the leveraged loan market. In between Bank of Boston and S&P he was a reporter for Investment Dealers’ Digest, Associate Commissioner of the Massachusetts Dept. of Mental Health, and worked briefly for Citibank. He also did a short stint at a smaller rating agency where he had to leave in a hurry after writing an article called From Banker to Bookmaker that was deemed a bit too candid in describing the conflicted role of major commercial and investment banks. Bavaria graduated from Georgetown University and New England School of Law. He lives in Boca Raton, Florida and Norwalk, CT.