Infectious Greed

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

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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

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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

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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

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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.

The Match King

The Match King
Author: Frank Partnoy
Publisher: PublicAffairs
Total Pages: 290
Release: 2010-03-09
Genre: Biography & Autobiography
ISBN: 0786741546

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At the height of the roaring '20s, Swedish 'migr' Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after Kreuger's suicide in 1932, the true nature of his empire emerged. Driven by success to adopt ever-more perilous practices, Kreuger had turned to shell companies in tax havens, fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products -- many of them precursors to instruments wreaking havoc in today's markets. When his Wall Street empire collapsed, millions went bankrupt. Frank Partnoy, a frequent commentator on financial disaster for the Financial Times, New York Times, NPR, and CBS's "60 Minutes," recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.

Greed

Greed
Author: Phyllis A. Tickle
Publisher: Oxford University Press
Total Pages: 120
Release: 2004-04-15
Genre: Religion
ISBN: 0190288841

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Grasping. Avarice. Covetousness. Miserliness. Insatiable cupidity. Overreaching ambition. Desire spun out of control. The deadly sin of Greed goes by many names, appears in many guises, and wreaks havoc on individuals and nations alike. In this lively and generous book, Phyllis A. Tickle argues that Greed is "the Matriarch of the Deadly Clan," the ultimate source of Pride, Envy, Sloth, Gluttony, Lust, and Anger. She shows that the major faiths, from Hinduism and Taoism to Buddhism and Christianity regard Greed as the greatest calamity humans can indulge in, engendering further sins and eviscerating all virtues. As the Sikh holy book Adi Granth asks: "Where there is greed, what love can there be?" Tickle takes a long view of Greed, from St. Paul to the present, focusing particularly on changing imaginative representations of Greed in Western literature and art. Looking at such works as the Psychomachia, or "Soul Battle" of the fifth-century poet Aurelius Clemens Prudentius, the paintings of Peter Bruegel and Hieronymous Bosch, the 1987 film Wall Street, and the contemporary Italian artist Mario Donizetti, Tickle shows how our perceptions have evolved from the medieval understanding of Greed as a spiritual enemy to a nineteenth-century sociological construct to an early twentieth-century psychological deficiency, and finally to a new view, powerfully articulated in Donizetti's mystical paintings, of Greed as both tragic and beautiful. Engaging, witty, brilliantly insightful, Greed explores the full range of this deadly sin's subtle, chameleon-like qualities, and the enormous destructive power it wields, evidenced all too clearly in the world today.

Survivability

Survivability
Author: Khaled Fattal
Publisher: Morgan James Publishing
Total Pages: 256
Release: 2023-09-26
Genre: Political Science
ISBN: 1636982271

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Today, safeguarding nation-states, organizations, and citizens has less to do with security (cyber and non-cyber) but has everything to do with Survivability. We are now in the 'Era of the Unprecedented': since 2010, Geo-Poli-Cyber™ warfare has been increasing in intensity. The motivation of its perpetrators is often driven by political, ideological, ‘religious’ and extremist objectives, rather than financial gain. Many top decision makers and citizens are unaware of this reality or the implications it has on their sovereignties, businesses, lives and livelihoods, and most do not know how to mitigate it. This trend has seen governments and businesses constantly breached by high-impact cyberattacks, confirming the ineptitude of best in class cyber security strategies, solutions, policies and procedures. Yet, they continue implementing what they know is failing and ineffective. The 2020 pandemic revealed a fundamental flaw in many Western democratic nations; their failure to appropriately prepare for a threat they knew was coming and the cost of this in human lives. This pandemic has shed light on the weaknesses of the current international order and economic, political, legal and democratic models and structures that enable it. It has also called into question the capacity of existing cyber security protocols and designs to protect nations, companies and citizens. The question remains: are governments ready for cyber terrorism, election meddling, fake news and the malicious use of artificial intelligence and quantum computing? How about them all happening at the same time? Survivability provides potential answers to this and other pressing concerns.

Infectious Greed

Infectious Greed
Author:
Publisher:
Total Pages: 42
Release: 2003
Genre: Commerical crimes
ISBN:

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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

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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.

Broken Trust

Broken Trust
Author: Samuel P. King
Publisher: University of Hawaii Press
Total Pages: 344
Release: 2006-01-01
Genre: History
ISBN: 9780824830144

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Princess Bernice Pauahi Bishop was the largest landowner and richest woman in the Hawaiian kingdom. Upon her death in 1884, she entrusted her property--"known as Bishop Estate--"to five trustees in order to create and maintain an institution that would benefit the children of Hawai'i: Kamehameha Schools. A century later, Bishop Estate controlled nearly one out of every nine acres in the state, a concentration of private land ownership rarely seen anywhere in the world. Then in August 1997 the unthinkable happened: Four revered kupuna (native Hawaiian elders) and a professor of trust-law publicly charged Bishop Estate trustees with gross incompetence and massive trust abuse. Entitled "Broken Trust," the statement provided devastating details of rigged appointments, violated trusts, cynical manipulation of the trust's beneficiaries, and the shameful involvement of many of Hawai'i's powerful. No one is better qualified to examine the events and personalities surrounding the scandal than two of the original "Broken Trust" authors.Their comprehensive account together with historical background, brings to light information that has never before been made public, including accounts of secret meetings and communications involving Supreme Court justices.