Infectious Greed

Infectious Greed
Author: John R. Nofsinger
Publisher: FT Press
Total Pages: 307
Release: 2003
Genre: Business & Economics
ISBN: 0131406442

In "Infectious Greed, " the authors begin with an assessment of what really happened in the recent big business collapses. Next, they offer systematic solutions that align incentives to promote desirable actions. Their solutions build on what's best about capitalism, and can truly restore the investor confidence that is essential to the system's long-term success.

Infectious Greed

Infectious Greed
Author: Frank Partnoy
Publisher: Times Books
Total Pages: 644
Release: 2014-06-03
Genre: Business & Economics
ISBN: 1466872705

From the bestselling author of F.I.A.S.C.O., a riveting chronicle of the rise of dangerous financial instruments and the growing crisis in American business One by one, major corporations such as Enron, Global Crossing, and Worldcom imploded all around us, prey to a greed-driven culture and dubious or illegal corporate finance and accounting. In a compelling and disturbing narrative, Frank Partnoy's Infectious Greed brings to bear all of his skills and experience as a securities attorney, financial analyst, law professor, and bestselling author to tell the story of the rise of the trading instruments and corporate financial structures that imperil the economic health of the country. Starting in the mid-1980s with the introduction of the first proto-derivatives, and taking us through such high-profile disasters as Barings Bank and Long Term Capital Management, Partnoy traces a seamless progression to today's dangerous manipulations. He documents how each new level of financial risk and complexity obscured the sickness of the company in question, and required ever more ingenious deceptions. It's an alarming story, but Partnoy offers a clear vision of how we can step back from the precipice.

Infectious Greed

Infectious Greed
Author: John Nofsinger
Publisher:
Total Pages: 277
Release: 2005-08
Genre:
ISBN: 9780756795351

Financial scandals have led to a fundamental crisis in the Amer. corp. system: investors believe they have been betrayed by the managers, boards, accountants, & invest. advisors they once trusted. The fundamental challenge is to restore confidence, but finger-pointing & tougher laws simply won't be enough. This book begins with an assessment of what really happened: how exec. compensation systems have led to unethical & greedy behavior, & why monitoring systems & regulators failed. Identifies powerful reforms that realign incentives to actively promote integrity & discourage malfeasance. Offers the first real prescription for restoring investor confidence in both the short- & long-term -- & for getting the U.S. economic system back on track. Illus.

Age of Greed

Age of Greed
Author: Jeff Madrick
Publisher: Vintage
Total Pages: 482
Release: 2012-06-12
Genre: Business & Economics
ISBN: 1400075661

A vivid history of the economics of greed told through the stories of those major figures primarily responsible. Age of Greed shows how the single-minded and selfish pursuit of immense personal wealth has been on the rise in the United States over the last forty years. Economic journalist Jeff Madrick tells this story through incisive profiles of the individuals responsible for this dramatic shift in our country’s fortunes, from the architects of the free-market economic philosophy (such as Milton Friedman and Alan Greenspan) to the politicians and businessmen (including Nixon, Reagan, Boesky, and Soros) who put it into practice. Their stories detail how a movement initially conceived as a moral battle for freedom instead brought about some of our nation's most pressing economic problems, including the intense economic inequity and instability America suffers from today. This is an indispensible guide to understanding the 1 percent.

Separating Fools from Their Money

Separating Fools from Their Money
Author: Scott B. MacDonald
Publisher: Routledge
Total Pages: 317
Release: 2017-09-29
Genre: Business & Economics
ISBN: 1351306782

What do Michael Milken and Martha Stewart have in common? What was the most outrageous party thrown by a financial baron of the twentieth century? Which US war hero president became party to, and victim of, an unabashed con man known as the Napoleon of Wall Street? These questions and more are discussed in Separating Fools from Their Money. The authors trace the history of financial scandals beginning with young republic days through the Enron/WorldCom debacle of modern times. Informative and entertaining, this book reveals human nature in all of its dubious shades of grey. It also exposes themes common to all financial scandals, which remain astonishingly unchanged over time?greed, hubris, media connections, self-interested politicians, and booms-gone-bust, to name a few. This second edition features a new preface and introduction, plus three new chapters, which address the financial panic of 2008, post-panic scandals, and the "princes of Ponzi." This book's accessible writing will interest the casual business reader as well as the seasoned investor.

Greed, Lust and Gender

Greed, Lust and Gender
Author: Nancy Folbre
Publisher: OUP Oxford
Total Pages: 416
Release: 2009-10-22
Genre: Business & Economics
ISBN: 0191608122

When does the pursuit of self-interest go too far, lapsing into morally unacceptable behaviour? Until the unprecedented events of the recent global financial crisis economists often seemed unconcerned with this question, even suggesting that "greed is good." A closer look, however, suggests that greed and lust are generally considered good only for men, and then only outside the realm of family life. The history of Western economic ideas shows that men have given themselves more cultural permission than women for the pursuit of both economic and sexual self-interest. Feminists have long contested the boundaries of this permission, demanding more than mere freedom to act more like men. Women have gradually gained the power to revise our conceptual and moral maps and to insist on a better-and less gendered-balance between self interest and care for others. This book brings women's work, their sexuality, and their ideas into the center of the dialectic between economic history and the history of economic ideas. It describes a spiralling process of economic and cultural change in Great Britain, France, and the United States since the 18th century that shaped the evolution of patriarchal capitalism and the larger relationship between production and reproduction. This feminist reinterpretation of our past holds profound implications for today's efforts to develop a more humane and sustainable form of capitalism.

What Price the Moral High Ground?

What Price the Moral High Ground?
Author: Robert H. Frank
Publisher: Princeton University Press
Total Pages: 215
Release: 2010-04-04
Genre: Business & Economics
ISBN: 0691146942

Financial disasters--and stories of the greedy bankers who precipitated them--seem to underscore the idea that self-interest will always trump concerns for the greater good. Indeed, this idea is supported by the prevailing theories in both economics and evolutionary biology. But is it valid? In What Price the Moral High Ground?, economist and social critic Robert Frank challenges the notion that doing well is accomplished only at the expense of doing good. Frank explores exciting new work in economics, psychology, and biology to argue that honest individuals often succeed, even in highly competitive environments, because their commitment to principle makes them more attractive as trading partners. Drawing on research he has conducted and published over the past decade, Frank challenges the familiar homo economicus stereotype by describing how people create bonds that sustain cooperation in one-shot prisoner's dilemmas. He goes on to describe how people often choose modestly paid positions in the public and nonprofit sectors over comparable, higher-paying jobs in the for-profit sector; how studying economics appears to inhibit cooperation; how social norms often deter opportunistic behavior; how a given charitable organization manages to appeal to donors with seemingly incompatible motives; how concerns about status and fairness affect salaries in organizations; and how socially responsible firms often prosper despite the higher costs associated with their business practices. Frank's arguments have important implications for the conduct of leaders in private as well as public life. Tossing aside the model of the self-interested homo economicus, Frank provides a tool for understanding how to better structure organizations, public policies, and even our own lives.

Treading Lightly

Treading Lightly
Author: David Anton Anderson
Publisher: Pensive Press
Total Pages: 260
Release: 2008-08
Genre: Business & Economics
ISBN: 9780970905727

The key to a better tomorrow is not as complicated as one would think, but in fact, far simpler. In this contemporary time, there is a new call to solving the world's energy and environmental issues by simply living a simpler and more environmentally friendly and self sustaining way of life. The authors offer new and more innovative ideas for readers who are concerned about the state of the environment and wish to do something about it.

Re-Thinking Men

Re-Thinking Men
Author: Anthony Synnott
Publisher: Routledge
Total Pages: 306
Release: 2016-04-08
Genre: Social Science
ISBN: 1317063945

Much writing on men in the field of gender studies tends to focus unduly, almost exclusively, on portraying men as villains and women as victims in a moral bi-polar paradigm. Re-Thinking Men reverses the proclivity which ignores not only the positive contributions of men to society, but also the male victims of life including the homeless, the incarcerated, the victims of homicide, suicide, accidents, war and the draft, and sexism, as well as those affected by the failures of the health, education, political and justice systems. Proceeding from a radically different perspective in seeking a more positive, balanced and inclusive view of men (and women), this book presents three contrasting paradigms of men as Heroes, Villains and Victims. With the development of a comparative and revised gender perspective drawing on US, Canadian and UK sources, this book will be of interest to scholars across a range of social sciences.