Corruption in Corporate America: Who is Responsible? Who Will Protect the Public Interest? / Edition 2

by Abraham L. Gitlow

Overview

Modern capitalism and political freedom rest on concepts of conscience and morality, and abhor concentrations of unbridled power. In America, that economic and political system developed mechanisms designed to check and balance such power. Despite those mechanisms, corporate America developed too many imperial chief executives who abused their power by engaging in a fraudulent and self-serving pursuit of wealth and perquisites. This edition deals with how this happened, how the system responded, and actions that could minimize the danger of its recurrence.

The text analyzes those who either support or keep quiet for miscreant chief executives, and how these participants became involved in corporate fraud. The investigation is completed by a look at the results of the Sarbanes-Oxley Act of 2002, the law enacted as the corrective response to corporate corruption, and the increasingly intense pressure to ease the expense and other burdens associated with its vigorous enforcement.

Hopefully, the insights gained by the 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 essential to our future economic well-being.

Product Details

ISBN-13:	9780761838111
Publisher:	University Press of America
Publication date:	07/10/2007
Edition description:	Second Edition
Pages:	244
Product dimensions:	6.37(w) x 9.39(h) x 0.56(d)

About the Author

Abraham Gitlow is dean emeritus and professor emeritus of economics at New York University.

Table of Contents

Part 1 Preface
Chapter 2 Introduction
Chapter 3 Management
Chapter 4 The Board of Directors
Chapter 5 The Accountants
Chapter 6 The Lawyers
Chapter 7 Investment Bankers, Financial Analysts, and Institutional Investors
Chapter 8 The Regulators
Chapter 9 Protecting the Public Interest
Part 10 Appendix I: In Defense of Sarbanes-Oxley
Part 11 Appendix II: To Save New York, Learn from London
Part 12 Appendix III: Threats to Sarbanes-Oxley: The Outlook
Part 13 Index

Editorial Reviews

A first-rate introduction to an important and timely topic. HIGHLY RECOMMENDED. Public, academic, and professional library collections.

Choice Reviews - (praise for the first edition)

A first-rate introduction to an important and timely topic. HIGHLY RECOMMENDED. Public, academic, and professional library collections.

From the Publisher

A first-rate introduction to an important and timely topic. HIGHLY RECOMMENDED. Public, academic, and professional library collections. (praise for the first edition)

CHOICE

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

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

A first-rate introduction to an important and timely topic. HIGHLY RECOMMENDED. Public, academic, and professional library collections.

Choice Reviews

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