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 International Handbook of White Collar and Corporate Crime written by Henry N. Pontell and published by Springer Science & Business Media. This book was released on 2010-05-27 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insider trading. Savings and loan scandals. Enron. Corporate crimes were once thought of as victimless offenses, but now—with billions of dollars and an increasingly global economy at stake—this is understood to be far from the truth. The International Handbook of White-Collar and Corporate Crime explores the complex interplay of factors involved when corporate cultures normalize lawbreaking, and when organizational behavior is pushed to unethical (and sometimes inhumane) limits. Featuring original contributions from a panel of experts representing North America, Asia, Europe, and Australia, this timely volume presents multidisciplinary views on recent corporate wrongdoing affecting economic and social conditions worldwide. Criminal liability and intent Stock market and financial crime Bribery and extortion Computer and identity fraud Health care fraud Crime in the professions Industrial pollution Political corruption War crimes and genocide Contributors offer case studies, historical and sociopolitical analyses, theoretical and legal perspectives, and comparative studies, featuring examples as varied as NASA, Parmalat, the Italian government, and Watergate. Criminal justice responses to these phenomena, the role of the media in exposing or minimizing them, prevention, regulation, and self- policing strategies, and larger global issues emerging from economic crime are also featured. Richly diverse in its coverage, The International Handbook of White-Collar and Corporate Crime is stimulating reading for students, academics, and professionals in a wide range of fields, from criminology and criminal justice to business and economics, psychology to social policy to ethics. This powerful information is certain to change many of our deeply held views on criminal behavior.
Download or read book Collapse of the Bronze Age written by Manuel Robbins and published by iUniverse. This book was released on 2001 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: His Majesty being powerful, his heart stout, none could stand before him.. All his territory was ablaze with fire, and he burned every foriegn country with his hot breath. Egyptian Pharaoh Ramesses II. The bowmen of His Majesty spent six hours of destruction among them. They were delivered to the sword. Egyptian Pharaoh Merneptah. May my father know the enemy ships came. My cities were burned and evil things were done in my country. King of the city of Ugarit to the king of Cyprus. Since there is famine in your house we will starve to death...The living soul of your country you will see no longer. To a Hittite offical stationed in Ugarit. Israel is laid waste, his seed is not. Pharaoh Merneptah. Pharaoh's chariots and his army He cast into the Sea...Book of Exodus. Egypt was adrift and every man was thrown out of his right. There was no leader for years..Pharaoh Ramesses IV. As they (the Sea Peoples) were coming forward toward Egypt, their hearts relying upon their hands, a net was prepared for them....My strong arm has overthrown those who came to exalt themselves. Pharaoh Ramesses III. [of the Greeks] These were destroyed by their own hands and passed to the dank house of chill Hades. Greek writer Hesiod. Returning to Luxor, Egypt, by Nile ship. The author has visited many of the significant archaeological sites mentioned in this book. Front cover, top, Troy VI by Lloyd K. Townsend, bottom, Pharaoh Thotmose IV.
Download or read book Tales of H P Lovecraft written by Joyce Carol Oates and published by Harper Collins. This book was released on 2007-09-18 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: When he died in 1937, destitute and emotionally as well as physically ruined, H. P. Lovecraft had no idea that he would one day be celebrated as the godfather of modern horror. A dark visionary, his work would influence an entire generation of writers, including Stephen King, Clive Barker, Neil Gaiman, and Anne Rice. Now, the most important tales of this distinctive American storyteller have been collected in a single volume by National Book Award-winning author Joyce Carol Oates. In tales that combine the nineteenth-century gothic sensibility of Edgar Allan Poe with a uniquely daring internal vision, Lovecraft fuses the supernatural and mundane into a terrifying, complex, and exquisitely realized vision, foretelling a psychically troubled century to come. Set in a meticulously described New England landscape, here are harrowing stories that explore the total collapse of sanity beneath the weight of chaotic events—stories of myth and madness that release monsters into our world. Lovecraft's universe is a frightening shadow world where reality and nightmare intertwine, and redemption can come only from below.
Download or read book The Collapse of American Criminal Justice written by William J. Stuntz and published by Harvard University Press. This book was released on 2011-09-30 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rule of law has vanished in America’s criminal justice system. Prosecutors decide whom to punish; most accused never face a jury; policing is inconsistent; plea bargaining is rampant; and draconian sentencing fills prisons with mostly minority defendants. A leading criminal law scholar looks to history for the roots of these problems—and solutions.
Download or read book Collapse written by Jared Diamond and published by Penguin UK. This book was released on 2013-03-21 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the author of Guns, Germs and Steel, Jared Diamond's Collapse: How Societies Choose to Fail or Survive is a visionary study of the mysterious downfall of past civilizations. Now in a revised edition with a new afterword, Jared Diamond's Collapse uncovers the secret behind why some societies flourish, while others founder - and what this means for our future. What happened to the people who made the forlorn long-abandoned statues of Easter Island? What happened to the architects of the crumbling Maya pyramids? Will we go the same way, our skyscrapers one day standing derelict and overgrown like the temples at Angkor Wat? Bringing together new evidence from a startling range of sources and piecing together the myriad influences, from climate to culture, that make societies self-destruct, Jared Diamond's Collapse also shows how - unlike our ancestors - we can benefit from our knowledge of the past and learn to be survivors. 'A grand sweep from a master storyteller of the human race' - Daily Mail 'Riveting, superb, terrifying' - Observer 'Gripping ... the book fulfils its huge ambition, and Diamond is the only man who could have written it' - Economis 'This book shines like all Diamond's work' - Sunday Times
Download or read book Tales of the Field written by John Van Maanen and published by University of Chicago Press. This book was released on 2011-07 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Once upon a time ethnographers returning from the field simply sat down, shuffled their note cards, and wrote up their descriptions of the exotic and quaint customs they had observed. Today scholars in all disciplines are realizing how their research is presented is at least as important as what is presented. Questions of voice, style, and audience--the classic issues of rhetoric--have come to the forefront in academic circles. John Van Maanen, an experienced ethnographer of modern organizational structures, is one who believes that the real work begins when he returns to his office with cartons of notes and tapes. In Tales of the Field he offers readers a survey of the narrative conventions associated with writing about culture and an analysis of the strengths and weaknesses of various styles. He introduces first the matter-of-fact, realistic report of classical ethnography, then the self-absorbed confessional tale of the participant-observer, and finally the dramatic vignette of the new impressionistic style. He also considers, more briefly, literary tales, jointly told tales, and the theoretically focused formal and critical tales. Van Maanen illustrates his discussion of each style with excerpts from his own work on the police. Tales of the Field offers an informal, readable, and lighthearted treatment of the rhetorical devices used to present the results of fieldwork. Though Van Maanen argues ultimately for the validity of revealing the self while representing a culture, he is sensitive to the differing methods and aims of sociology and anthropology. His goal is not to establish one true way to write ethnography, but rather to make ethnographers of all varieties examine their assumptions about what constitutes a truthful cultural portrait and select consciously and carefully the voice most appropriate for their tales. Written with grace and humor, Tales of the Field will be an invaluable introduction to novices just learning the fieldwork trade and provocative stimulant to veteran ethnographers. "Engaging and well written."--H. Ottenheimer, Choice
Download or read book The Lost Bank written by Kirsten Grind and published by Simon and Schuster. This book was released on 2013-07-16 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.
Download or read book War s End Tales of the Collapse written by Christine D. Shuck and published by . This book was released on 2020-12 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Society has collapsed. The world burns. Yet, somehow, humanity survives...In The Storm and A Brave New World, author Christine D. Shuck showed us the collapse of society through the eyes of bold, brave survivor Jess. Now, in the third book in this intense and evocative post-apocalyptic saga, we witness the end of the world through the experiences of other familiar faces.Through nine interconnected episodes, discover the stories behind the stories: Resonant and emotional tales of love, loss, survival, and triumph that paint a vivid and frighteningly believable picture of America in the midst of societal collapse. Existing fans of the War's End series will rediscover characters they've already met on Jess's fraught journey - while new readers will be swept up in storytelling that has been described as "unforgettable" and "heartbreaking, but uplifting." Either way, it's impossible not to be moved by the achingly human tales that challenge us all to wonder how we'd handle the end of the world.
Download or read book Dope Rider written by Paul Kirchner and published by Editions Tanibis. This book was released on 2021-01-03 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dope Rider is back in town! After a 30-year hiatus, Paul Kirchner brought back to life his iconic, bony stoner hero whose first adventures were a staple of the psychedelic counter-culture magazine High Times in the 1970s and 1980s. The new stories collected in this book were all created after 2015 and despite the years, Dope Rider has stayed essentially the same, still smoking his ever-present joint, getting high and chasing metaphysical dragons through whimsical realities in meticulously illustrated and colorful one-page adventures. Fans of the original Dope Rider comics will still find the bold graphical innovations, dubious puns and wild dreamscapes inspired by classical painting and western movies that were some of Dope Rider’s trademark. This time though, Kirchner draws from a much larger panel of influences, including modern pop – and pot – culture (lines and characters from Star Wars as well as references to Denver as the US weed capital can be found here and there) and a wider range of artistic references, from Alice in Wonderland to 2001: A Space Odyssey to Ed Roth’s Kustom Kulture. Native American culture and mythology, only hinted at in the classic adventures, is also much more present in the form of Chief, one of Dope Rider’s new sidekicks. Kirchner’s playful, tongue-in-cheek humor binds together all these influences into stories that mock both the mundane and the nonsensical alike. Paul Kirchner lives in Connecticut. He started his career in the 1970s as an assistant to Wally Wood. His original Dope Rider stories are collected among other early works in the book Awaiting the Collapse. He also created the bus, a surrealistic monthly strip published in Heavy Metal magazine from 1979 to 1985 and illustrated the graphic detective novel Murder by Remote Control written by Janwillem van de Wetering. Paul Kirchner went back to comics during the 2010s with the bus 2 in 2015 and Hieronymus & Bosch in 2018. He continues to insist he has never used drugs, not even for research purposes.
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 A Colossal Failure of Common Sense written by Lawrence G. McDonald and published by Crown Currency. This book was released on 2010-10-12 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the biggest questions of the financial crisis has not been answered until now: What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers—right from the belly of the beast. In A Colossal Failure of Common Sense, Larry McDonald, a Wall Street insider, reveals, the culture and unspoken rules of the game like no book has ever done. The book is couched in the very human story of Larry McDonald’s Horatio Alger-like rise from a Massachusetts “gateway to nowhere” housing project to the New York headquarters of Lehman Brothers, home of one of the world’s toughest trading floors. We get a close-up view of the participants in the Lehman collapse, especially those who saw it coming with a helpless, angry certainty. We meet the Brahmins at the top, whose reckless, pedal-to-the-floor addiction to growth finally demolished the nation’ s oldest investment bank. The Wall Street we encounter here is a ruthless place, where brilliance, arrogance, ambition, greed, capacity for relentless toil, and other human traits combine in a potent mix that sometimes fuels prosperity but occasionally destroys it. The full significance of the dissolution of Lehman Brothers remains to be measured. But this much is certain: it was a devastating blow to America’s—and the world’s—financial system. And it need not have happened. This is the story of why it did.
Download or read book The Fall of the House of Forbes written by Stewart Pinkerton and published by Macmillan + ORM. This book was released on 2011-09-27 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forbes: the legendary name in finance journalism. Synonymous with wealth, grand excess, glamour, and fun as well as style, insight, gossip, and hard-nosed reporting, the media empire and the family behind it form a remarkable story that has never been told. Now, in The Fall of the House of Forbes, veteran journalist Stewart Pinkerton reveals the hidden machinations, disastrous decisions, and personal foibles of a century-old dynasty that rose to glittering heights and crashed just as spectacularly. Writing from an insider's perspective and first-hand sources developed over his twenty years as a writer and editor at Forbes, Pinkerton takes us to the ritualized formal lunches inside the mansion-like headquarters at 60 Fifth Avenue in Manhattan; the lavish advertiser parties on board the family yacht, The Highlander; the sybaritic private life of Malcolm Forbes and the family's increasing discomfort with its patriarch; and the glory days of the magazine, with its news-making stories, high-rolling expense accounts, and bar-setting standards for anyone who aspired to wealth and its trappings. But as the media business changed, Forbes was slow to react, and found itself burdened by Malcolm's immense personal expenses, Steve Forbes's bumbling, self-financed presidential campaigns, and the family's hubris and hesitation in the face of reality. A series of devastating business decisions and an internecine struggle for power forced the sale of the Faberge eggs, the vintage toy collection, the homes, the private island, the yacht, and finally the sale of 40% of the company itself to outside investors...a collapse of shocking speed after decades of unsurpassed success. A compelling narrative account of a powerful family's dysfunction, The Fall of the House of Forbes is a parable of capitalism at its best and worst, and a metaphor for the current state of digital turmoil in media.
Download or read book Fatal Risk written by Roddy Boyd and published by John Wiley & Sons. This book was released on 2011-04-05 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Long-listed for the FT & Goldman Sachs Business Book of the Year Award 2011 The true story of how risk destroys, as told through the ongoing saga of AIG From the collapse of Bear Stearns and Lehman Brothers, the subject of the financial crisis has been well covered. However, the story central to the crisis-that of AIG-has until now remained largely untold. Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide tells the inside story of what really went on inside AIG that caused it to choke on risk and nearly brining down the entire economic system. The book Reveals inside information available nowhere else, including the personal notes and records of key players such as the former Chairman of AIG, Hank Greenberg Takes readers behind the scenes at the U.S. Treasury and the Federal Reserve Bank of New York Details how an understanding of risk built AIG, but a disdain for government regulators led to a run-in with New York State Attorney General Eliot Spitzer Fatal Risk is the comprehensive and compelling true story of the company at the center of the financial storm and how it nearly caused the entire economic system to collapse.
Download or read book Not All Fairy Tales Have Happy Endings written by Ken Williams and published by . This book was released on 2020-07-24 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sierra On-Line was one of the very first computer game companies and at one time dominated the industry. The author, Ken Williams, founded Sierra On-Line Sierra with his wife Roberta who went on to create many of the company's best selling games. Sierra grew from just Ken and Roberta to over one thousand employees and a fan base that still exists today, despite the fact that the company was torn apart by criminal activities, scandal and corruption that resulted in jail sentences and the collapse of Sierra. This is the behind-the-scenes story of the rise and fall, as it could only be told by the ultimate insider.
Download or read book Final Days written by Andrei S Grachev and published by Westview Press. This book was released on 1995-10-12 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Grachev, foreign policy advisor to Mikhail Gorbachev from 1985 until 1991, and then press secretary, describes meetings with Western leaders, State Council debates on a new treaty of union, and Gorbachev's private talks with leaders in government, business, religion, and culture, in his account of debates occurring between the August coup and the end of the Soviet Union on December 25, 1991. Includes the text of Gorbachev's resignation speech. Annotation copyright by Book News, Inc., Portland, OR
Download or read book Tales from Albarado written by Smoki Musaraj and published by Cornell University Press. This book was released on 2020-08-15 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tales from Albarado revisits times of excitement and loss in early 1990s Albania, in which about a dozen pyramid firms collapsed and caused the country to fall into anarchy and a near civil war. To gain a better understanding of how people from all walks of life came to invest in these financial schemes and how these schemes became intertwined with everyday transactions, dreams, and aspirations, Smoki Musaraj looks at the materiality, sociality, and temporality of financial speculations at the margins of global capital. She argues that the speculative financial practices of the schemes were enabled by official financial infrastructures (such as the postsocialist free-market reforms), by unofficial economies (such as transnational remittances), as well as by historically specific forms of entrepreneurship, transnational social networks, and desires for a European modernity. Overall, these granular stories of participation in the Albanian schemes help understand neoliberal capitalism as a heterogeneous economic formation that intertwines capitalist and noncapitalist forms of accumulation and investment.
