Sách The number - alex berenson

THE NUMBER
How the Drive for Quarterly Earnings Corrupted Wall Street and Corporate America
ALEXBERENSON
RANDOM HOUSE
NEW YORK

Pages: 288 pages
Format: Hardback Product
Code: 18980
Publisher: Simon & Schuster
Published: 06/05/2003
Edition: 2nd Edition




Description of The Number

To financial analysts and investors, it is the earnings per share figure or 'the number' which is the most important sign of a company's health and future prospects. To chief executives whose colossal bonus packages are increasingly linked to 'the number' it is even more important that it doesn't fall short.

Not surprisingly the temptation to 'massage' this number by booking non-existent sales or hiding capital expenses proved too much for some, even though their deception amounted to theft on a massive scale from shareholders and their employees.

Part detective story, part financial history, THE NUMBER gives an insider's account of the balance-sheet lies which have so tarnished the reputation of Corporate America, as well as a comprehensive overview of how Wall Street and Big Business lost their way during the long bull market that began in 1982.