Wall Street on Trial: A Corrupted State?
The politics of business have become the business of politics. Across the world the lesson is clear: just as too much governmental interference leads to dysfunctional economies, left to its own devices the market is incapable of adequate self-regulation.
The corporate malfeasance crisis in the United States has transformed global perceptions about the efficacy of regulatory structures in combating corrupt practices in private and public sectors. The design of effective corporate governance structures depends not just on internal factors but also on the inter-relationship between various actors that constitute wider governance: politicians, lobbyists, corporations and regulators.
A Corrupted State: Wall Street on Trial breaks new ground by deconstructing the systemic flaws inherent in the model itself. It reveals that the 'rotten apple' theory, positing the problems in corporate America as merely the result of deviancy by an individual or a single firm, is an intellectual deceit not supported by the facts.
What people are saying - Write a review
We haven't found any reviews in the usual places.
1 Assessing guilt the Wall Street shakedown
2 Power failure the fall of Enron
3 An appalling vista the rogue of Rhode Island
4 Lynching Merrill
Other editions - View all
accounting alleged American politics argued Attorney bankers Blodget Bush campaign capital Chairman charges Charles Gasparino Cianci Citigroup collapse Committee company’s compliance conflicts of interest Congress corporate America corporate governance corruption court credibility crime criminal crisis CSFB deal December decision Democrats deregulation economic Eliot Spitzer enforcement Enron ensure ethical executives failure February federal firm Frank Quattrone fraud Full text available fund Gary Lynch global global settlement greed Grubman Henry Blodget indictment industry institutions internal investigation investment banking investors involved issue Jack Grubman lawyers legislation major mayor ment Merrill Lynch NASD NYSE operation Pitt politicians President problem profits prosecution Quattrone regulators regulatory Republican research analysts responsibility risk role Salomon Sandy Weill scandal sector securities market Senate senior structure tion Torricelli transactions trust Wall Street Journal Weill wider WorldCom York