Greed and Corporate Failure: The Lessons from Recent Disasters

Front Cover
Palgrave Macmillan UK, Jan 18, 2016 - Business & Economics - 207 pages
This is the book for anyone who wants to know what really lies behind the scandals and disasters of global business that have marred the first few years of the twenty-first century. This book is not about stock market "bubbles". Nor is it about accounting scandals and craven auditors. Rather, it examines why companies fail. The authors postulate that the reasons companies fail are few, and all too common. Detailed studies of eight of the most famous recent failures identify six main causes: poor strategic decisions; over-expansion and ill-judged acquisitions; dominant CEOs; greed, hubris and a desire for power; failure of internal controls, and ineffective boards. The authors also set out what the prudent investor, board member or manager should be alert to but often is not. From publisher description.

What people are saying - Write a review

User Review - Flag as inappropriate

very good book

Other editions - View all

About the author (2016)

STEWART HAMILTON has been Professor of Accounting and Finance at IMD, Switzerland since 1981. A graduate of the University of Edinburgh, UK, he is a member of the Institutes of Chartered Accountants of Scotland, of Alberta and of Ontario. Formerly a senior partner of a UK national accounting firm, he has extensive consulting experience with a wide range of major European companies. He has contributed to many books and other publications and has written prize winning cases on the failures of Barings and Enron.

ALICIA MICKLETHWAIT is a Graduate of the University of Oxford, a member of the Chartered Institute of Management Accountants and has an MBA from IMD. She has held accounting and commercial positions in industry and worked as a member of the acquisition and internal audit team of an American owned multinational. She co-wrote the prize winning case study of the collapse of Barings Bank.

Bibliographic information