The Rise of the Rogue Executive: How Good Companies Go Bad and How to Stop the Destruction

"Sayles and Smith have covered all the bases with a comprehensive, yet fascinating, analysis of what has been ailing our capital market system. A system that has given us such high standards of living. A recommended read for those who not only want to understand what is going on in the corporate world, but why it is going on. Congratulations."—Frank Kolhatkar, Retired Chairman and Executive Director of the Global Financial Services Industries Practice, Deloitte"This book confronts, head-on, the problems that have beset American, and world, business over the last decade. The authors boldly go to the heart of the problem; to a business culture that has lost sight of fundamentals in pursuit of the illusions of rapid growth and personal gain. This is a call for action, by CEOs, boards of directors, investors, regulators, and the public at large, everyone with a stake in our business system. Anyone worried about the future of American business and American corporate culture should read this book."—Morgan Witzel, Editor-in-Chief of Corporate Finance Review and Columnist, The Financial Times"The authors have provided a 'must read' autopsy of just about all that's wrong with American business today. It is a 'must read' for investors interested in why we are where we are."—Graef Crystal, Pay Expert and Columnist, Bloomberg News"Sayles and Smith make a compelling case that rogue business executives received a lot of help from others: economists, business schools, apologists, a compliant Congress, under funded regulatory agencies, a gullible press, as well as sleazy professional auditors and accountants—all of which contributed to the great market crash of 2000 and the persistent corporate scandals. Seeking unprecedented individual gains, many members of the business community forgot their commitment to personal integrity, which maintains an essential trust among strangers, which binds all members in the larger society."—James Kuhn, Courtney C. Brown Professor Emeritus, Graduate School of Business, Columbia University"We can pretend that we live in a progressive society and are protected as citizens and investors, or we can read the evidence in Sayles' and Smith's book and start to face reality. This book is a strong reminder of the breadth and depth of white collar crime and greed's piercing and pervasive impact on all of us."—L.S. (Al) Rosen, Forensic Accountant, Rosen & Associates LimitedBillions of dollars continue to be lost by companies and investors due to the