The Resource Icarus in the boardroom : the fundamental flaws in corporate America and where they came from, David Skeel

Icarus in the boardroom : the fundamental flaws in corporate America and where they came from, David Skeel

Label
Icarus in the boardroom : the fundamental flaws in corporate America and where they came from
Title
Icarus in the boardroom
Title remainder
the fundamental flaws in corporate America and where they came from
Statement of responsibility
David Skeel
Creator
Subject
Language
eng
Summary
Americans have always loved risktakers. Like the Icarus of ancient Greek lore, however, even the most talented entrepreneurs can overstep their bounds. All too often, the very qualities that make Icaran executives special- self-confidence, visionary insight, and extreme competitiveness-spur them to take misguided and even illegal chances. The Icaran failure of an ordinary entrepreneur isn't headline news. But put Icarus in the corporate boardroom and, as David Skeel vividly demonstrates, the ripple effects can be profound. Ever since the first large-scale corporations emerged in the nineteenth century, their ability to tap huge amounts of capital and the sheer number of lives they affect has meant that their executives play for far greater stakes. Excessive and sometimes fraudulent risks, competition, and the increasing size and complexity of organizations: these three factors have been at the heart of every corporate breakdown from 1873, when financial genius Jay Cooke collapsed, to the corporate scandals of the early 21st century.; Compounding the scandals is an ongoing cat-and-mouse game between regulators' efforts to police the three factors that lead to Icarus Effect failures and efforts by corporate America to evade this regulation in the name of efficiency and flexibility. These efforts to side-step oversight can rapidly spiral out of control, setting the stage for the devastating corporate failures that punctuate American business history. But there is also a silver lining to the stunning failures: the outrage they provoke galvanizes public opinion in favor of corporate reform. The most important American business regulation has always been enacted in response to a major breakdown in corporate America. Today's business environment poses unprecedented perils for the average American as for the first time ever, more than half of Americans now own stock. Identifying the problems of the past, Skeel offers a strikingly new diagnosis of the fundamental flaws in corporate America today, and of what can be done to fix them
Member of
Cataloging source
COO
Dewey number
338.0973
Index
index present
LC call number
HD2785
LC item number
.S437 2005
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Law and current events masters
Label
Icarus in the boardroom : the fundamental flaws in corporate America and where they came from, David Skeel
Publication
Bibliography note
Includes bibliographical references (pages 217-234) and index
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Jay Cooke and the birth of America's first large scale corporations -- The gilded age and the crisis of competition -- Icarus meets the New Deal -- "I want to be like Mike" : LBO's and the new corporate governance -- Enron, WorldCom, and the transformation of Icarus -- "The most sweeping securities law reforms since the New Deal" -- "We have met the corporation and it is us."
Control code
ocm64702985
Dimensions
unknown
Extent
1 online resource (viii, 250 pages)
Form of item
online
Isbn
9781280428197
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b21929981
Specific material designation
remote
System control number
  • (OCoLC)64702985
  • pebcs0195174712

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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