Disorganized Crimes: Why Corporate Governance and Government Intervention Failed, and What We Can Do About It
| Author | : | |
| Rating | : | 4.94 (642 Votes) |
| Asin | : | 1137330260 |
| Format Type | : | paperback |
| Number of Pages | : | 315 Pages |
| Publish Date | : | 2014-02-08 |
| Language | : | English |
DESCRIPTION:
Corporate misgovernance and the failure of government regulation have led to major financial fiascos. 'Disorganized crimes' are disruptive and costly. Munk links the two major eras of corporate misgovernance during the last decade to explain how these events occur and what can be done to prevent them from re-occurring.
How to Fix what is Fundamentally Wrong with Corporate Culture Worldwide Marcher Organized crime is a systematic, directed enterprise to break the law. Disorganized crimes arise when incentives are so perverse and legal structures are so misaligned that damage far greater than that from organized crime arises without any concerted effort. Disorganized crimes defraud shareholders and ultimately threaten the foundation of our capitalist structure.Bernie Munk starts with the corporate frauds of Enron and Worldcom, noting that option bas. "A Lucid Explanation" according to flo lotrowski. If the reader is looking for a cure to fix our broken system, it will not be found in this book. Unfortunately, it won't be found anywhere else either. However, what this book does do, and does eminently well, is provide a lucid and readable articulation of the reasons underlying the opacity confronting the average investor. Everyone, the regulators, lawmakers and corporate directors, means well. However, all attempts,notably Dodd-Frank and numerous regu
He has published in academic and trade journals and for a number of years maintained a blog at ecomentary that will resume shortly following publication of this book. He founded several production and trading companies for agricultural and meat products and then migrated to the petroleum industry. By means of a leveraged buyout, he and his partner acquired a large petroleum terminal and a pipeline manag
Munk shows how these remained for so long undetected and what changes in institutional arrangements are essential to containing this on-going menace to our economic prosperity.'- Brendan Brown, Economist and author of The Global Curse of the Federal Reserve'A must read to anyone concerned about governance. As a one time graduate student of the University of Chicago he is dismayed that the real world of the corporate boardroom seems to operate often in sinister fashion inconsistent with the benign working of the invisible hands and worse still, the capital markets fail miserably on occasion to exert any discipline. With great precision, drawing on his own considerable business experience, Dr. Most of the time these failures are hidden from view but during the asset and credit bubble busts which have become a regular feature in our age of monetary instability there have been a series of spectacular corporate scandals. 'Dr Munk's book covers governan