MARC Record from harvard_bibliographic_metadata

LEADER: 05113nam a22003734a 4500
001 011068765-5
005 20141124125845.0
008 070518s2007 mdu b 001 0 eng
010 $a 2007929245
020 $a9780761838111 (alk. paper)
020 $a0761838112 (alk. paper)
020 $a9780761838128 (pbk. : alk. paper)
020 $a0761838120 (pbk. : alk. paper)
035 0 $aocn156822434
040 $aDLC$cDLC
043 $an-us---
050 00 $aHF5387$b.G557 2007
100 1 $aGitlow, Abraham L.$q(Abraham Leo),$d1918-2014.
245 10 $aCorruption in corporate America :$bwho is responsible? : who will protect the public interest? /$cAbraham L. Gitlow.
250 $a2nd ed.
260 $aLanham, MD :$bUniversity Press of America,$cc2007.
300 $axii, 230 p. ;$c23 cm.
504 $aIncludes bibliographical references and index.
505 0 $aPreface -- 1. Introduction -- The context -- Can free market capitalism and conscience coexist? -- Are self-interest and the profit motive necessarily in conflict with the moral claims of conscience? -- Welfare capitalism : capitalism with a conscience -- Welfare capitalism and checks and balances at work -- II. Management -- Management as the repository of organizational power in public corporations -- The separation of shareholder ownership and management control : the relocation of power -- The centralization of power in the imperial executive -- Power and the self-perception of the imperial CEO -- B-School education and business behavior -- Are shareholder interests and management incentives aligned through performance-based compensation plans? -- The impact of the Sarbanes-Oxley Act -- What is the CEO required to know : the Cendant case -- III. The board of directors -- Who holds the power? -- Clouding the picture : majority control --
505 0 $aBoard composition : impact of Sarbanes-Oxley -- Board structure : impact of Sarbanes-Oxley -- The director's job : then and now -- Examples of external pressure : NYSE, Disney, and MBNA -- IV. The accountants -- The nature of the profession -- The Financial Accounting Standards Board -- The importance of estimation -- The auditing-consulting conflict -- Would disclosure ease the problem? -- The impact of Sarbanes-Oxley -- International accounting standards -- V. The lawyers -- The concept of law -- The code of conduct -- Confidentiality, fraud, disclosure, and Sarbanes-Oxley -- Conflicts of interest and disclosure -- Independence from external power -- Zeal and the adversarial nature of the judicial system -- The class action suit -- The opinion letter -- VI. Investment bankers, financial analysts, and institutional investors -- Investment bankers -- The financial analysts -- Institutional investors -- The impact of Sarbanes-Oxley -- VII. The regulators -- The regulatory objective --
505 0 $aThe regulatory structure -- The SEC and the PCAOB (also Fannie Mae and Freddie Mac) -- The states' Attorney Generals and regulatory agencies -- Plea bargaining -- The securities exchanges -- International and national exchange consolidations -- Professional associations -- Warning! Regulation is not a final solution : the Refco case -- VIII. Protecting the public interest -- Behavior modification -- Enhancement of shareholder influence over corporate directors -- Improvement of regulatory consistency and enforcement of the law -- Reduction and containment of the power of political pressure by special interests -- Revival of a sense of individual responsibility -- Strengthening the ethical component in B-School education -- The danger of over-regulation -- Speaking to power -- Appendix I. In defense of Sarbanes-Oxley / Paul Volcker, Arthur Levitt, Jr. -- Appendix II. To save New York, learn from London / Charles E. Schumer, Michael R. Bloomberg --
505 0 $aAppendix III. Threats to Sarbanes-Oxley : the outlook / Abraham L. Gitlow -- An omnibus look at Sarbanes-Oxley -- Costliness of Sarbanes-Oxley -- Modifying the impact of Sarbanes-Oxley -- Protecting the public interest : the defenders of Sarbanes-Oxley -- About the author.
520 1 $a"Modern capitalism and political freedom rest on concepts of conscience and morality, and abhor concentrations of unbridled power. In America, that economic and political system developed mechanisms designed to check and balance such power. Despite those mechanisms, corporate America developed too many imperial chief executives who abused their power by engaging in a fraudulent and self-serving pursuit of wealth and perquisites. This edition deals with how this happened, how the system responded, and actions that could minimize the danger of its recurrence."--BOOK JACKET.
650 0 $aBusiness ethics$zUnited States.
650 0 $aCorporations$xCorrupt practices$zUnited States.
650 0 $aCorporate governance$xMoral and ethical aspects$zUnited States.
776 08 $iOnline version:$aGitlow, Abraham L. (Abraham Leo), 1918-$tCorruption in corporate America.$b2nd ed.$dLanham, MD : University Press of America, c2007$w(OCoLC)654359876
988 $a20070913
906 $0DLC