Description
Book SynopsisModern capitalism and political freedom rest on concepts of conscience and morality, and abhor concentrations of unbridled power. America''s economic and political system has developed mechanisms designed to check and balance such power. Despite these mechanisms, corporate America has produced imperious chief executives, who, possessing such power, abuse it by engaging in a fraudulent and self-serving pursuit of wealth and the trappings of authority. How did it happen? How did the system respond? What can be done to minimize the danger of its reoccurrence? Corruption in Corporate America seeks to answer these questions, first, by realizing that, to be able to misbehave, chief executives must achieve the support or silence of their boards of directors as well as the gatekeepers who presumably guard the integrity of corporate accounts (i.e. auditors, legal advisers, financial analysts, investment bankers, and regulatory bodies), and second, by analyzing how each of those participants be
Trade ReviewThis is a very well organized and very insightful book by one of the giants of business education. There are important messages for all the gatekeepers of our business schools and business education. -- Martin Lipton, corporate attorney
The author's free-flowing lucid style of writing makes the meaning of the detailed provision of 'The Act' easy to comprehend. The anecdotal material based on [Gitlow's] experience makes for interesting reading. -- Dr. Ernest Kurnow, Professor Emeritus, New York University
A first-rate introduction to an important and timely topic. HIGHLY RECOMMENDED. Public, academic, and professional library collections. * CHOICE *
Corruption in Corporate America is full of acute analysis, providing both clarity and balance. -- Paul Volcker, former Chairman, Board of Governors, Federal Reserve System
Table of ContentsChapter 1 Introduction Chapter 2 Management Chapter 3 The Board of Directors Chapter 4 The Accountants Chapter 5 The Lawyers Chapter 6 Investment Bankers, Financial Analysts, and Institutional Investors Chapter 7 The Regulators Chapter 8 Protecting the Public Interest Chapter 9 Appendix I: In Defense of Sarbanes-Oxley Chapter 10 Appendix II: Threats to Sarbanes-Oxley: The Outlook
