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Corruption in Corporate America: Who is Responsible? Who Will Protect the Public Interest? - Softcover

 
9780761831976: Corruption in Corporate America: Who is Responsible? Who Will Protect the Public Interest?

Synopsis

Modern 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, there are chief executives who abuse their power in a fraudulent and self-serving pursuit of wealth and authority. How did this happen? How did the system respond? What can be done to prevent it in the future? Corruption in Corporate America seeks to answer these questions.

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About the Author

Abraham L. Gitlow is Dean Emeritus and Professor Emeritus of Economics at New York University.

Review

This 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)

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  • PublisherUniversity Press of America
  • Publication date2005
  • ISBN 10 0761831975
  • ISBN 13 9780761831976
  • BindingPaperback
  • LanguageEnglish
  • Number of pages190

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Paperback. Condition: new. Paperback. Modern 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 becomes involved in corporate fraud. The analysis is completed by a look ahead at the prospective results of the Sarbanes-Oxley Act of 2002, the law enacted as the corrective response to corporate corruption. Hopefully, the insights gained by this analysis will contribute to a revived confidence in the integrity of corporate accounts, and thereby sustain the vitality of America's capital markets, which are vital to our future economic well-being. Contributes to a revived confidence in the integrity of corporate accounts, and thereby sustains the vitality of America's capital markets, which are vital to our future economic well-being. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780761831976

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