000			03766cam a22003494a 4500
999			_c29397 _d29397
001			BD-DhNSU-29397
003			BD-DhNSU
005			20210105151645.0
008			210105s2005 nyu b 001 0 eng|d
020			_a0195310179
020			_a9780195310177
040			_aDLC _cBD-DhNSU _dBD-DhNSU
041			_aeng
050	0	0	_aHD2785 _b.S54 2005
082	0	0	_a338.0973 _222
100	1		_aSkeel, David A., _914612
245	1	0	_aIcarus in the boardroom : _bthe fundamental flaws in corporate America and where they came from / _cDavid Skeel.
260			_aOxford ; _aNew York : _bOxford University Press, _c2005.
300			_aviii, 250 p. ; _c22 cm.
504			_aIncludes bibliographical references and index.
505	0		_aJay Cooke and the birth of America's first large scale corporations -- The gilded age and the crisis of competition -- Icarus meets the New Deal -- "I want to be like Mike" : LBO's and the new corporate governance -- Enron, WorldCom, and the transformation of Icarus -- "The most sweeping securities law reforms since the New Deal" -- "We have met the corporation and it is us."
520			_aAmericans have always loved risktakers. Like the Icarus of ancient Greek lore, however, even the most talented entrepreneurs can overstep their bounds. All too often, the very qualities that make Icaran executives special-- self-confidence, visionary insight, and extreme competitiveness--spur them to take misguided and even illegal chances. The Icaran failure of an ordinary entrepreneur isn't headline news. But put Icarus in the corporate boardroom and, as David Skeel vividly demonstrates, the ripple effects can be profound. Ever since the first large-scale corporations emerged in the nineteenth century, their ability to tap huge amounts of capital and the sheer number of lives they affect has meant that their executives play for far greater stakes. Excessive and sometimes fraudulent risks, competition, and the increasing size and complexity of organizations: these three factors have been at the heart of every corporate breakdown from 1873, when financial genius Jay Cooke collapsed, to the corporate scandals of the early 21st century. Compounding the scandals is an ongoing cat-and-mouse game between regulators' efforts to police the three factors that lead to Icarus Effect failures and efforts by corporate America to evade this regulation in the name of efficiency and flexibility. These efforts to side-step oversight can rapidly spiral out of control, setting the stage for the devastating corporate failures that punctuate American business history. But there is also a silver lining to the stunning failures: the outrage they provoke galvanizes public opinion in favor of corporate reform. The most important American business regulation has always been enacted in response to a major breakdown in corporate America. Today's business environment poses unprecedented perils for the average American as for the first time ever, more than half of Americans now own stock. Identifying the problems of the past, Skeel offers a strikingly new diagnosis of the fundamental flaws in corporate America today, and of what can be done to fix them.
526	0		_aManagement
590			_aNuri Mahajabi
650		0	_aCorporate governance _zUnited States. _914615
650		0	_aDirectors of corporations _zUnited States. _9773
650		0	_aIndustrial management _zUnited States. _914616
856	4	1	_3Table of contents only _uhttp://www.loc.gov/catdir/toc/ecip0417/2004009677.html
856	4	2	_3Publisher description _uhttp://www.loc.gov/catdir/enhancements/fy0616/2004009677-d.html
856	4	2	_3Contributor biographical information _uhttp://www.loc.gov/catdir/enhancements/fy0724/2004009677-b.html
942			_2lcc _cBK