Download or read book Power Greed and Hubris written by James R. Crockett and published by . This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: From 2003 to 2009 sensational judicial bribery scandals rocked Mississippi's legal system. Famed trial lawyers Paul Minor and Richard (Dickie) Scruggs and renowned judge and former prosecutor Bobby DeLaughter proved to be the nexus of these scandals. Seven attorneys and a former state auditor were alleged to have attempted to bribe or to have actually bribed five state judges to rule in favor of Minor and Scruggs in several lawsuits. This is the story of how federal authorities, following up on information provided by a bank examiner and a judge who could not be bribed, toppled Minor, Scruggs, and their enablers in what was exposed as the most significant legal scandal of twenty-first-century Mississippi. James R. Crockett details the convoluted schemes that eventually put three of the judges, six of the attorneys, and the former auditor in federal prison. All of the men involved were successful professionals and three of them, Minor, Scruggs, and fellow attorney Joey Langston, were exceptionally wealthy. The stories involve power, greed, but most of all hubris. The culprits rationalized abominable choices and illicit actions to influence judicial decisions. The crimes came to light in those six years, but some crimes were committed before that. These men put themselves above the law and produced the perfect storm of bribery that ended in disgrace. The tales Crockett relates about these scandals and the actions of Paul Minor and Dickie Scruggs are almost unbelievable. Individuals willingly became their minions in power plays designed to distort the very rule of law that most of them had sworn to uphold
Download or read book Power Greed and Hubris written by James R. Crockett and published by Univ. Press of Mississippi. This book was released on 2013-12-17 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: From 2003 to 2009 sensational judicial bribery scandals rocked Mississippi's legal system. Famed trial lawyers Paul Minor and Richard (Dickie) Scruggs and renowned judge and former prosecutor Bobby DeLaughter proved to be the nexus of these scandals. Seven attorneys and a former state auditor were alleged to have attempted to bribe or to have actually bribed five state judges to rule in favor of Minor and Scruggs in several lawsuits. This is the story of how federal authorities, following up on information provided by a bank examiner and a judge who could not be bribed, toppled Minor, Scruggs, and their enablers in what was exposed as the most significant legal scandal of twenty-first-century Mississippi. James R. Crockett details the convoluted schemes that eventually put three of the judges, six of the attorneys, and the former auditor in federal prison. All of the men involved were successful professionals and three of them, Minor, Scruggs, and fellow attorney Joey Langston, were exceptionally wealthy. The stories involve power, greed, but most of all hubris. The culprits rationalized abominable choices and illicit actions to influence judicial decisions. The crimes came to light in those six years, but some crimes were committed before that. These men put themselves above the law and produced the perfect storm of bribery that ended in disgrace. The tales Crockett relates about these scandals and the actions of Paul Minor and Richard Scruggs are almost unbelievable. Individuals willingly became their minions in power plays designed to distort the very rule of law that most of them had sworn to uphold.
Download or read book Crash of the Titans written by Greg Farrell and published by Currency. This book was released on 2011-09-13 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: The intimate, fly-on-the wall tale of the decline and fall of an America icon With one notable exception, the firms that make up what we know as Wall Street have always been part of an inbred, insular culture that most people only vaguely understand. The exception was Merrill Lynch, a firm that revolutionized the stock market by bringing Wall Street to Main Street, setting up offices in far-flung cities and towns long ignored by the giants of finance. With its “thundering herd” of financial advisers, perhaps no other business, whether in financial services or elsewhere, so epitomized the American spirit. Merrill Lynch was not only “bullish on America,” it was a big reason why so many average Americans were able to grow wealthy by investing in the stock market. Merrill Lynch was an icon. Its sudden decline, collapse, and sale to Bank of America was a shock. How did it happen? Why did it happen? And what does this story of greed, hubris, and incompetence tell us about the culture of Wall Street that continues to this day even though it came close to destroying the American economy? A culture in which the CEO of a firm losing $28 billion pushes hard to be paid a $25 million bonus. A culture in which two Merrill Lynch executives are guaranteed bonuses of $30 million and $40 million for four months’ work, even while the firm is struggling to reduce its losses by firing thousands of employees. Based on unparalleled sources at both Merrill Lynch and Bank of America, Greg Farrell’s Crash of the Titans is a Shakespearean saga of three flawed masters of the universe. E. Stanley O’Neal, whose inspiring rise from the segregated South to the corner office of Merrill Lynch—where he engineered a successful turnaround—was undone by his belief that a smooth-talking salesman could handle one of the most difficult jobs on Wall Street. Because he enjoyed O’Neal’s support, this executive was allowed to build up an astonishing $30 billion position in CDOs on the firm’s balance sheet, at a time when all other Wall Street firms were desperately trying to exit the business. After O’Neal comes John Thain, the cerebral, MIT-educated technocrat whose rescue of the New York Stock Exchange earned him the nickname “Super Thain.” He was hired to save Merrill Lynch in late 2007, but his belief that the markets would rebound led him to underestimate the depth of Merrill’s problems. Finally, we meet Bank of America CEO Ken Lewis, a street fighter raised barely above the poverty line in rural Georgia, whose “my way or the highway” management style suffers fools more easily than potential rivals, and who made a $50 billion commitment over a September weekend to buy a business he really didn’t understand, thus jeopardizing his own institution. The merger itself turns out to be a bizarre combination of cultures that blend like oil and water, where slick Wall Street bankers suddenly find themselves reporting to a cast of characters straight out of the Beverly Hillbillies. BofA’s inbred culture, which perceived New York banks its enemies, was based on loyalty and a good-ol’-boy network in which competence played second fiddle to blind obedience. Crash of the Titans is a financial thriller that puts you in the theater as the historic events of the financial crisis unfold and people responsible for billion of dollars of other people’s money gamble recklessly to enhance their power and their paychecks or to save their own skins. Its wealth of never-before-revealed information and focus on two icons of corporate America make it the book that puts together all the pieces of the Wall Street disaster.
Download or read book House of Cards written by William D. Cohan and published by Anchor. This book was released on 2010-02-09 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt: A blistering narrative account of the negligence and greed that pushed all of Wall Street into chaos and the country into a financial crisis. At the beginning of March 2008, the monetary fabric of Bear Stearns, one of the world’s oldest and largest investment banks, began unraveling. After ten days, the bank no longer existed, its assets sold under duress to rival JPMorgan Chase. The effects would be felt nationwide, as the country suddenly found itself in the grip of the worst financial mess since the Great Depression. William Cohan exposes the corporate arrogance, power struggles, and deadly combination of greed and inattention, which led to the collapse of not only Bear Stearns but the very foundations of Wall Street.
Download or read book Day of Reckoning written by Patrick J. Buchanan and published by Macmillan. This book was released on 2009-01-06 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: WITH HIS INCISIVE MIND AND RAZOR-SHARP PEN, NEW YORK TIMES BESTSELLING AUTHOR PAT BUCHANAN TAKES ON THE GREATEST QUESTION FACING THE NATION: WILL THE AMERICA WE KNOW AND LOVE SURVIVE ?
Download or read book The Intoxication of Power written by Graham Robinson and published by Springer. This book was released on 2016-01-26 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Intoxication of Power is a collection of contributions by thirteen authors from various academic disciplines sharing a concern for the development of understanding of the nature and origins of leadership hubris. The book originated at conferences held by the Daedalus Trust, which fosters research into challenges to organizational well-being.
Download or read book Day of Reckoning written by Patrick J. Buchanan and published by Macmillan. This book was released on 2007-11-27 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: America is coming apart at the seams. Forces foreign and domestic seek an end to U.S. sovereignty and independence. Before us looms the prospect of an America breaking up along the lines of race, ethnicity, class and culture. In Day of Reckoning, Pat Buchanan reveals the true existential crisis of the nation and shows how President Bush's post-9/11 conversion to an ideology of "democratism" led us to the precipice of strategic disaster abroad and savage division at home. Ideology, writes Buchanan, is a Golden Calf, a false god, a secular religion that seeks vainly, like Marxism, to create a paradise on earth. While free enterprise is good, the worship of a "free trade" that is destroying the dollar, de-industrializing America, and ending our economic independence, is cult madness. While America must stand for freedom and self-determination, the use of U.S. troops to police the planet or serve as advance guard of some "world democratic revolution" is, as Iraq shows, imperial folly that will bring ruin to the republic. While America should speak out for human rights, the idea that we get in Russia's face and hand out moral report cards to every nation on earth is moral arrogance. While we have benefited from immigration and the melting pot worked with millions of Europeans, the idea we can import endless millions of aliens, legal and illegal, from every culture, clime, creed, and continent on earth, and still remain a country, is absurd. To save America the first imperative is to remove from power the ideologues of both parties who have nearly killed our country. In his final chapter, Buchanan lays out ideas to prevent the end of America. He calls for a bottom-up review of all of America's Cold War commitments, a ten-point program to secure America's borders, ideas to halt the erosion of our national sovereignty and restore our manufacturing preeminence and economic independence, and a formula for finding the way to a cold peace in the culture wars. Buchanan offers a radical but necessary program, for neither party is addressing the real crisis of America -- whether we survive as one nation and people, or disintegrate into what Theodore Roosevelt called a "tangle of squabbling nationalities" and not a nation at all. IN THIS EYE-OPENING BOOK, PAT BUCHANAN REVEALS THE PERILOUS PATH OUR NATION HAS TAKEN: - Pax Americana -- the era of U.S. global dominance -- is over. - A struggle for world hegemony among the United States, China, a resurgent Russia and radical Islam has begun. - Torn apart by a culture war, America has begun to Balkanize and break down along class, cultural, ethnic, and racial lines. - Free trade is hollowing out U.S. industry, destroying the dollar, and plunging the country into permanent dependency and unpayable debt. - One of every six U.S. manufacturing jobs vanished under Bush. - The Third World invasion through Mexico is a graver threat to U.S. survival than anything happening in Afghanistan or Iraq. ...IS OUR DAY OF RECKONING JUST AHEAD?
Download or read book Power Incompetence and Hubris written by Nathanael J. Fast and published by . This book was released on 2009 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Greed and Glory on Wall Street written by Ken Auletta and published by Open Road Media. This book was released on 2015-09-29 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inside account of a financial meltdown that reshaped Wall Street In 1983, Lew Glucksman, then co-CEO of the heralded investment bank Lehman Brothers, demanded the resignation of chairman Pete Peterson, with whom he had long argued over how to manage the company. Shockingly, Peterson, who had taken charge a decade earlier and led Lehman from near collapse to record profits, agreed to step down. In this meticulously researched volume, Ken Auletta details the turmoil, infighting, and power struggles that brought about Peterson’s departure and the eventual sale of one of Wall Street’s oldest and most prestigious firms. Set against the backdrop of the 1980s stock exchange, where hotshot young traders made and lost millions in a single afternoon, the story of Lehman’s fall is a suspenseful battle of wills between bankers, traders, and executives motivated by greed, envy, and ego. Auletta, who conducted hundreds of hours of interviews and was granted access to private company records, has crafted a thorough, enduring, and engaging account of pivotal events that continued to influence this storied financial institution until its ultimate demise in 2008.
Download or read book Billionaires Ball written by Linda McQuaig and published by Beacon Press. This book was released on 2012-03-27 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concentration of wealth today in such a small number of hands inevitably created a dynamic that led to freewheeling financial speculation—a dynamic that produced similarly disastrous results in the last great age of inequality, in the 1920s. Such concentrated economic power reverberates throughout society, threatening the quality of life and the very functioning of democracy. As McQuaig and Brooks illustrate, it's no accident that the United States claims the most billionaires but suffers from among the highest rates of infant mortality and crime, the shortest life expectancy, and the lowest rates of social mobility and electoral political participation in the developed world. In Billionaires' Ball, McQuaig and Brooks take us back in history to the political decisions that helped birth our billionaires, then move us forward to the cutting-edge research into the dangers that concentrated wealth poses. Via vivid profiles of billionaires—ranging from philanthropic capitalists such as Bill Gates to hedge fund king John Paulson and the infamous band of Koch brothers—Billionaires' Ball illustrates why we hold dearly to the belief that they "earned" and "deserve" their grand fortunes, when such wealth is really a by-product of a legal and economic infrastructure that's become deeply flawed.
Download or read book Power Failure written by Mimi Swartz and published by Currency. This book was released on 2004-03-09 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: “They’re still trying to hide the weenie,” thought Sherron Watkins as she read a newspaper clipping about Enron two weeks before Christmas, 2001. . . It quoted [CFO] Jeff McMahon addressing the company’s creditors and cautioning them against a rash judgment. “Don’t assume that there is a smoking gun.” Sherron knew Enron well enough to know that the company was in extreme spin mode… Power Failure is the electrifying behind-the-scenes story of the collapse of Enron, the high-flying gas and energy company touted as the poster child of the New Economy that, in its hubris, had aspired to be “The World’s Leading Company,” and had briefly been the seventh largest corporation in America. Written by prizewinning journalist Mimi Swartz, and substantially based on the never-before-published revelations of former Enron vice-president Sherron Watkins, as well as hundreds of other interviews, Power Failure shows the human face beyond the greed, arrogance, and raw ambition that fueled the company’s meteoric rise in the late 1990s. At the dawn of the new century, Ken Lay’s and Jeff Skilling's faces graced the covers of business magazines, and Enron’s money oiled the political machinery behind George W. Bush’s election campaign. But as Wall Street analysts sang Enron’s praises, and its stock spiraled dizzyingly into the stratosphere, the company’s leaders were madly scrambling to manufacture illusory profits, hide its ballooning debt, and bully Wall Street into buying its fictional accounting and off-balance-sheet investment vehicles. The story of Enron’s fall is a morality tale writ large, performed on a stage with an unforgettable array of props and side plots, from parking lots overflowing with Boxsters and BMWs to hot-house office affairs and executive tantrums. Among the cast of characters Mimi Swartz and Sherron Watkins observe with shrewd Texas eyes and an insider’s perspective are: CEO Ken Lay, Enron’s “outside face,” who was more interested in playing diplomat and paving the road to a political career than in managing Enron’s high-testosterone, anything-goes culture; Jeff Skilling, the mastermind behind Enron’s mercenary trading culture, who transformed himself from a nerdy executive into the personification of millennial cool; Rebecca Mark, the savvy and seductive head of Enron’s international division, who was Skilling’s sole rival to take over the company; and Andy Fastow, whose childish pranks early in his career gave way to something far more destructive. Desperate to be a player in Enron’s deal-making, trader-oriented culture, Fastow transformed Enron’s finance department into a “profit center,” creating a honeycomb of financial entities to bolster Enron’s “profits,” while diverting tens of millions of dollars into his own pockets An unprecedented chronicle of Enron’s shocking collapse, Power Failure should take its place alongside the classics of previous decades – Barbarians at the Gate and Liar’s Poker – as one of the cautionary tales of our times.
Download or read book Money Expense and Naval Power in Thucydides History 1 5 24 written by Lisa Kallet and published by Univ of California Press. This book was released on 2024-07-26 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thucydides has been found guilty of indifference toward financial matters without a consideration of all the evidence. Lisa Kallet-Marx redirects the approach to Thucydides' treatment of financial resources by studying his comments on finance in the context of the whole work and scrutinizes other, chiefly epigraphic, evidence as well. Her comprehensive inspection of the Archaeology, Pentekontaetia, and history of the Archidamian War demonstrates that the role of financial resources is central to Thucydides' ideas about naval power and figures prominently in his speeches and narrative. The accumulation of chremata, or money, and its relationship to nautikon, or the fleet, provide a key for analysis. Kallet-Marx's research reveals an important stage in the historical development of thought about state power, wealth, and imperialism. Her book will greatly interest classicists as well as scholars of ancient economics. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1993.
Download or read book The Traveler s Key to Ancient Greece written by Richard G. Geldard and published by Quest Books. This book was released on 2000-05-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eleusian mysteries, the Sanctuary of Apollo, the Theatre of Dionysus, the labyrinths of Knossos, the Delphic oracle---the book leads us to such sacred sites in the ancient way of spiritual pilgrimage. "The gods have not totally vacated the holy places," says Richard Geldard. "Any 'vacating' has to do with our own lack of awareness." He brings to life the mythology that shaped the brilliance of Greek architecture and art, integrating rare historical material with the most recent archeological data. The result is a specialty guidebook comprehensive enough to be the only one you pack, with commentary on: Major and lesser sites of the palace and temple cultures; Greek drama, philosophy, art, and sculpture; Sacred geometry and architecture; Gallery collections in three major museums. Whether you're an armchair or actual traveler, Traveler's Key opens access to the fabled wisdom enjoyed by pilgrims of old and to the living mythology that still has power to transform lives.
Download or read book Pharma written by Gerald Posner and published by Simon and Schuster. This book was released on 2020-03-10 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt: Award-winning journalist and New York Times bestselling author Gerald Posner reveals the heroes and villains of the trillion-dollar-a-year pharmaceutical industry and delivers “a withering and encyclopedic indictment of a drug industry that often seems to prioritize profits over patients (The New York Times Book Review). Pharmaceutical breakthroughs such as antibiotics and vaccines rank among some of the greatest advancements in human history. Yet exorbitant prices for life-saving drugs, safety recalls affecting tens of millions of Americans, and soaring rates of addiction and overdose on prescription opioids have caused many to lose faith in drug companies. Now, Americans are demanding a national reckoning with a monolithic industry. “Gerald’s dogged reporting, sets Pharma apart from all books on this subject” (The Washington Standard) as we are introduced to brilliant scientists, incorruptible government regulators, and brave whistleblowers facing off against company executives often blinded by greed. A business that profits from treating ills can create far deadlier problems than it cures. Addictive products are part of the industry’s DNA, from the days when corner drugstores sold morphine, heroin, and cocaine, to the past two decades of dangerously overprescribed opioids. Pharma also uncovers the real story of the Sacklers, the family that became one of America’s wealthiest from the success of OxyContin, their blockbuster narcotic painkiller at the center of the opioid crisis. Relying on thousands of pages of government and corporate archives, dozens of hours of interviews with insiders, and previously classified FBI files, Posner exposes the secrets of the Sacklers’ rise to power—revelations that have long been buried under a byzantine web of interlocking companies with ever-changing names and hidden owners. The unexpected twists and turns of the Sackler family saga are told against the startling chronicle of a powerful industry that sits at the intersection of public health and profits. “Explosively, even addictively, readable” (Booklist, starred review), Pharma reveals how and why American drug companies have put earnings ahead of patients.
Download or read book The Hubris Hazard and How to Avoid It written by Eugene Sadler-Smith and published by Taylor & Francis. This book was released on 2024-03-15 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hubris is something we’ve all seen in action and experienced all too often. It’s a significant occupational hazard and a serious potential derailment factor for leaders, organisations, and civil society. Hubristic leaders - intoxicated as they are with power, praise, and success–behave in ways that, if left unchecked, invite unintended and unforeseen negative consequences which impact destructively on individuals, industries, economies, and nations. Despite numerous examples throughout history of hubris’ destructive consequences, it nonetheless appears to be an ever-present and growing danger. Many leaders seem to be blind to the hazards of hubris and oblivious to the lessons of history. Prevention is better than cure and understanding the nature of the hubris hazard and the associated risk factors will help leaders and managers improve their personal performance and avoid derailment and, even more importantly, protect the well-being of employees and the resilience of their organisations over the long term. This book explains the characteristics, causes, and consequences of hubris, and shows how to combat the significant hazard it poses to managers, leaders, organisations, and society. With contemporary examples, each chapter explores a particular ‘hubris risk factor’ and shows how the risk can be managed and mitigated and exposure to the hubris hazard minimised. The Hubris Hazard, and How to Avoid It offers practical guidance and action points for managers and leaders on how to recognise hubris in themselves and others and what to do to combat it when it arises. It will also be useful for business and executive coaches and leadership trainers and developers.
Download or read book No way written by Bruno Rouffaer and published by Lannoo Meulenhoff - Belgium. This book was released on 2013-04-08 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The earth will survive without us. Can we afford to keep on making the same mistakes? Can we afford to keep on thinking only of ourselves? The leaders of tomorrow are the children of today. Ensuring good leadership in the years ahead means starting with the proper upbringing of the new generation. We need future leaders with a high degree of emotional, intellectual and spiritual intelligence. Leaders who are guided by the new motivating forces of trust, integrity and humility. Kudos to Bruno for a compelling book. It will take you out of your 'comfort zone' and help you along your never ending leadership journey. If you aspire to great leadership this book is a must read. Linda D. Sharkey, Global Managing Director and Partner Achieveblue It is no longer good enough simply to do the same things in a different way. The moment has arrived when only real change will do. And yes, you can't make an omelette without breaking eggs. But as Bruno so lucidly points out, the successful leaders of tomorrow will be those who dare to play the 'power of diversity' card. There is still hope! Saskia Van-Uffelen, CEO Bull and CSB Consulting
Download or read book The Intoxication of Power written by Graham Robinson and published by Springer. This book was released on 2016-01-26 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Intoxication of Power is a collection of contributions by thirteen authors from various academic disciplines sharing a concern for the development of understanding of the nature and origins of leadership hubris. The book originated at conferences held by the Daedalus Trust, which fosters research into challenges to organizational well-being.
