John Nofsinger, Kenneth Kim – Infectious Greed

John Nofsinger, Kenneth Kim – Infectious Greed

Topics include: The Failure of Executives, The Failure of Monitoring Systems, Shortcomings in Enforcement and Investor Activism, and Restoring Confidence.

FROM THE BACK COVER

Financial scandals have led to a fundamental crisis in the American corporate system: investors believe they have been thoroughly betrayed by the managers, boards, accountants, and investment advisors they once trusted. The fundamental challenge is to restore confidence, but finger-pointing and tougher laws simply won’t be enough.

John Nofsinger and Kenneth Kim begin with an insightful assessment of what really happened: how executive compensation systems have led unethical and greedy behavior, and why monitoring systems and regulators failed so completely. Next, they identify powerful reforms that realign incentives to actively promote integrity and discourage malfeasance. In so doing, they offer the first real prescription for restoring investor confidence in both the short- and long-term—and for getting the U.S. economic system back on track.

Investor trust: the U.S. economy’s “secret ingredient”

Why restoring investor confidence is crucial to restoring economic vigor

Why the corporate scandals really happened

Greed doesn’t explain everything

Who did what, and how they did it

CEOs, boards, auditors, analysts, investment firms: a realistic performance assessment

Not just laws: a market-driven approach to reform

Incentive-based reforms that will really work

Restoring investor confidence: a tough, realistic, incentive-driven plan.

“Nofsinger and Kim have written a book that is both timely and important. Encompassing issues from boards of directors to accountants to analysts, it is a clear exposition and analysis of topics that have filled the front pages of daily newspapers for the last year.”

— Erik Sirri, Babson College and former Chief Economist of the U.S. Securities and Exchange Commission

Enron. Andersen. WorldCom. Tyco. Adelphia. Corporate scandals have shaken investor confidence more than any event since the Great Depression. Without investor trust, American capitalism can never regain the vigor that has made the United States the world’s most dynamic economy. In Infectious Greed, two financial experts offer a powerful new explanation of why the scandals happened—and realistic solutions that leverage the immense power of markets and self-interest.

John Nofsinger and Kenneth Kim show how the system came to provide massive incentives to greedy CEOs, ignorant boards, willfully blind auditors, and dishonest investment houses. They also show how those “bad” incentives can be replaced by even more powerful incentives for honest stewardship and counsel—and how the right incentives will do more to restore investor trust than politicians ever could.

Delivery Method

– After your purchase, you’ll see a View your orders link which goes to the Downloads page. Here, you can download all the files associated with your order.
– Downloads are available once your payment is confirmed, we’ll also send you a download notification email separate from any transaction notification emails you receive from IMCourse.net.
– Since it is a digital copy, our suggestion is to download and save it to your hard drive. In case the link is broken for any reason, please contact us and we will resend the new download link.
– If you cannot find the download link, please don’t worry about that. We will update and notify you as soon as possible at 8:00 AM – 8:00 PM (UTC+8).

Thank You For Shopping With Us!