These days, the business world is rocked more and more often by stories of frauds, thefts, and insider trading...on massive scales. This volume takes an in-depth look at several of the most notorious corporate scandals, inc. Enron, WorldCom, and Parmalat, as well as numerous other colossal white collar crimes. Each is covered in depth with analysis of how it was perpetrated and the knock-on effect on employees, other businesses, governments, and world economies. The authors also present a history of corporate scandals (1800 to present) and offer provocative insights on the institutional changes necessary to restore public confidence in big business.
The authors pull together a great deal of material while providing important analytical insights.I found their exposure of the great heist scheme fascinating. Also, their presentation of the abuses perpetrated by the mutual fund industry points to the serious damage that has been done to the very foundation of our investment markets, if not our entire free-market system. --John M. Baker Blurb from reviewer