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Infectious Greed: How Deceit and Risk Corrupted the Financial Markets

By (author): Frank Partnoy
Published by: Profile Business
Publication date: 12/Feb/2004
Format: Paperback - 496 pages
Product dimensions (mm): 196 x 130
ISBN-10: 1861974736
ISBN-13: 9781861974730
Categories:
> Careers & Success

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Description - BookRabbit

Like a virus infecting the very heart of our financial markets, our greed-driven culture has led to the generation of massive profits, but alongside this have come new levels of risk, widespread deception and high profile disasters such as Barings Bank, Enron and Worldcom. Confidence in corporate accounts and standards of behaviour has been destroyed and our global financial system has reached a perilous crossroads. The author of the bestselling F.I.A.S.C.O., Partnoy brings to bear his skills and experience as a securities attorney, financial analyst and law professor to demonstrate how many companies have obscured the real picture from shareholders by disguising risk and side-stepping regulations. Beginning in the mid-1980s with the introduction of the first proto-derivatives, Partnoy gives an intelligent and thorough account of the dangerous manipulations that have and continue to come to light. Blind faith in the financial system is no longer sufficient, but mercifully Partnoy offers a clear vision of the route back from the precipice.