Greed and Corporate Failure : The Lessons from Recent Disasters

Hamilton, Stewart; Micklethwait, Alicia

ISBN 10: 1403986363 / ISBN 13: 9781403986368

Published by Palgrave, US, 2006

About this Item

207pp. This is the book for anyone who wants to know what really lies behind the scandals and disasters of global business that have marred the first few years of the twenty-first century. This book is not about stock market "bubbles." Nor is it about accounting scandals and craven auditors. Rather, it examines why companies fail. The authors postulate that the reasons companies fail are few, and all too common. Detailed studies of eight of the most famous recent failures identify six main causes: poor strategic decisions; over-expansion and ill-judged acquisitions; dominant CEOs; greed, hubris and a desire for power; failure of internal controls, and ineffective boards. The authors also set out what the prudent investor, board member or manager should be alert to but often is not. Like new.

Seller Inventory # 1389

Bibliographic Details

• Title: Greed and Corporate Failure : The Lessons from Recent Disasters
• Publisher: Palgrave, US
• Publication Date: 2006
• Language: English
• ISBN 10: 1403986363
• ISBN 13: 9781403986368
• Binding: Cloth and Dustjacket
• Edition: 1. Edition.
• Condition: Very Good +
• Dust Jacket Condition: Very Good ++

About this title

Synopsis

This book is for anyone who wants to know what truly lies behind the scandals and disasters of global business which marred the first few years of the 21st century. It examines why companies fail, finding the reasons few, yet all too common. It also explores what the prudent investor, board member or manager should be alert to but often is not.

About the Author

STEWART HAMILTON has been Professor of Accounting and Finance at IMD, Switzerland since 1981. A graduate of the University of Edinburgh, UK, he is a member of the Institutes of Chartered Accountants of Scotland, of Alberta and of Ontario. Formerly a senior partner of a UK national accounting firm, he has extensive consulting experience with a wide range of major European companies. He has contributed to many books and other publications and has written prize winning cases on the failures of Barings and Enron.

ALICIA MICKLETHWAIT is a Graduate of the University of Oxford, a member of the Chartered Institute of Management Accountants and has an MBA from IMD. She has held accounting and commercial positions in industry and worked as a member of the acquisition and internal audit team of an American owned multinational. She co-wrote the prize winning case study of the collapse of Barings Bank.