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Power Greed And Hubris
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Book Synopsis Power, Greed, and Hubris by : James R. Crockett
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
Book Synopsis Power, Greed, and Hubris by : James R. Crockett
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 288 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.
Book Synopsis Crash of the Titans by : Greg Farrell
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.
Book Synopsis House of Cards by : William D. Cohan
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.
Book Synopsis Day of Reckoning by : Patrick J. Buchanan
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 ?
Book Synopsis Financial Whirlpools by : Karen L. Higgins
Download or read book Financial Whirlpools written by Karen L. Higgins and published by Academic Press. This book was released on 2013-03-26 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do economists reconcile their expertise with their failures to predict and manage the 2008 financial crisis? This book goes a long way toward an answer by using systems theory to reveal the complex interdependence of factors and forces behind the crisis. In her fully integrated view of the economy, how it works, and how the economic crisis burst, Karen Higgins combines human psychology, cultural values, and belief formation with descriptions of the ways banks and markets succeed and fail. In each chapter she introduces themes from financial crisis literature and brings a systems-theory treatment of them. Her methodology and visual presentations both develop the tools of systems theory and apply these tools to the financial crisis. Not just another volume about the crisis, this book challenges the status quo through its unique multidisciplinary approach. Presents a broad global view of international economic health and international corporate health Describes how policies, regulations, and trends dating to the 1950s influenced the crisis Assumes readers possess a general familiarity of economics and finance
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
Book Synopsis Financial Derivatives by : Simon Grima
Download or read book Financial Derivatives written by Simon Grima and published by Emerald Group Publishing. This book was released on 2020-02-17 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Should we fear financial derivatives, or embrace them? Finance experts Simon Grima and Eleftherios I. Thalassinos explore what financial derivatives are, and whether the investment world should consider them useful tools, or a complete waste of time and money.
Book Synopsis The Traveler's Key to Ancient Greece by : Richard G. Geldard
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.
Book Synopsis The Intoxication of Power by : Graham Robinson
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 305 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.
Book Synopsis Hubris - The Road to Donald Trump by : David Owen
Download or read book Hubris - The Road to Donald Trump written by David Owen and published by . This book was released on 2018-11 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Hubris Hazard, and How to Avoid It by : Eugene Sadler-Smith
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.
Book Synopsis Greed and Glory on Wall Street by : Ken Auletta
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.
Book Synopsis Greed and Corporate Failure by : S. Hamilton
Download or read book Greed and Corporate Failure written by S. Hamilton and published by Springer. This book was released on 2016-01-18 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is for anyone who wants to know what truly lies behind the scandals and disasters of global business which marred the first few years of the 21st century. It examines why companies fail, finding the reasons few, yet all too common. It also explores what the prudent investor, board member or manager should be alert to but often is not.
Book Synopsis Money, Expense, and Naval Power in Thucydides' History 1-5.24 by : Lisa Kallet
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 Focus written by Jim Gray and published by AuthorHouse. This book was released on 2012-02 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every expert in journalism and politics has jumped into the arena of thought with a multitude of books on their opinions The Book `FOCUS' is a look at Arrogance and Greed as an American cancer, it applies analytical engineering skills to humanities problems in today's world from an engineer's stand point, that of an everyday citizen; a `Joe plumber', whose had all we can take of being told we are un-American by our politicians, it intends to speak out on behalf of the everyday citizen who may have serious doubts as to what is what. It offers solutions which seem to be logical and somewhat easy to see. Though easy to see they require a major rethinking of the constitution to fit the modern society's situation. Simply tired of talk show host and media moguls pointing out the problems but shy of offering difficult solutions for which they could be held accountable. Engineers or Plumbers just aren't satisfied with finding a cause of the problem, but are about fixing it. That sometimes requires redesign or fix, correcting design errors. But we do eventually FIX IT. The Lawyer wants arbitration until either a compromise or settlement occurs. Media Moguls want to have an endless supply of Sensational Stories. Politics may be how it sounds, Poly (many) + Ticks (blood suckers). Political (this or that occupation) well, draw your conclusion.
Book Synopsis The Fall of the House of Zeus by : Curtis Wilkie
Download or read book The Fall of the House of Zeus written by Curtis Wilkie and published by Crown. This book was released on 2011-09-13 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Masterful . . . an epic tale of backbiting, shady deal-making, and greed [that] reads like a John Grisham novel.”—The Wall Street Journal A real-life legal thriller as timeless as a Greek tragedy, tracing the downfall of one of America’s most famous lawyers and exposing the dark side of Southern politics—from the author of When Evil Lived in Laurel Dickie Scruggs was arguably the most successful plaintiff’s lawyer in America. A brother-in-law of former U.S. Senate majority leader Trent Lott, Scruggs made a fortune taking on mass tort lawsuits against Big Tobacco and the asbestos industries. He was hailed by Newsweek as a latter-day Robin Hood and was portrayed in the movie The Insider as a dapper aviator-lawyer. Scruggs’s legal triumphs rewarded him lavishly, and his success emboldened both his career maneuvering and his influence in Southern politics—but at a terrible cost, culminating in his spectacular fall, when he was convicted for conspiring to bribe a Mississippi state judge. Based on extensive interviews, transcripts, and FBI recordings never made public, The Fall of the House of Zeus uncovers the Washington legal games and power politics: the swirl of fixed cases, blocked investigations, judicial tampering, and a zealous prosecution that would eventually ensnare not only Scruggs but his own son, Zach, in the midst of their struggle with insurance companies over Hurricane Katrina damages. Featuring Trent Lott and Jim Biden, brother of then-Senator Joe Biden, in supporting roles, with cameos by John McCain, Al Gore, and other Washington insiders, Curtis Wilkie’s account of this uniquely American tragedy reveals the seedy underbelly of institutional power.
