Executive Greed : Examining Business Failures That Contributed to the Economic Crisis

by Kothari, Vinay B.

• ISBN13: 9780230104013
• ISBN10: 0230104010
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-06-15
• Publisher: Palgrave Macmillan

Summary

This book explores the contribution of corporate CEOs and their top lieutenants toward business success and failure. By looking at the three most recent economic crises, the S&L crisis, the dot-com bubble, and the recent subprime mortgage disaster, the author explains why and how corporate managers led their organizations toward disasters in the long-run, and explains the recent destructive collaboration within the organization, across the industry, and between business and government.

Author Biography

Vinay Kothari is Regents' Professor Emeritus in the College of Business at Stephen F. Austin State University.

Table of Contents

List of Table	p. xi
Preface	p. xiii
Acknowledgments	p. xxi
General Overview
Introduction	p. 3
Nature of Management Failure	p. 13
Role of Management Leadership: Realities and Myths
Realities of Leadership Contribution	p. 29
Leadership Myths	p. 41
Underlying Causes of Management Failure
Executive Compensation-Unsound and Unjustifiable Practice	p. 53
Corporate Board Governance-Fiduciary Neglect	p. 69
Regulatory Climate-Power of Money	p. 77
The Management Club-Collusive Team-Playing and Players	p. 83
Failure of Strategic Management
Absence of Strategic Thinking and Outlook	p. 93
Slanted Management Intelligence Acquisition	p. 103
Lack of Marketplace Competitive Excellence	p. 111
Inadequate Product and Market Innovations	p. 121
Unhealthy Work Environment	p. 135
Reckless Strategic Financial Behavior	p. 143
Conclusion and Recommendations
Concluding Remarks and Recommendations	p. 153
Suggested Readings	p. 171
Bad Economic News-Some Recent Examples and Facts	p. 175
Index	p. 177
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