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The Number: Why Companies Lied and the Stock Market Crashed

Berenson, Alex

Verlag: Simon & Schuster Ltd, 2003
ISBN 10: 0743240146 / ISBN 13: 9780743240147
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Titel: The Number: Why Companies Lied and the Stock...

Verlag: Simon & Schuster Ltd

Erscheinungsdatum: 2003

Zustand: very good


Gently used. Expect delivery in 20 days. Buchnummer des Verkäufers 9780743240147-3

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Inhaltsangabe: 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.

Über den Autor: Alex Berenson is a financial reporter for THE NEW YORK TIMES and one of America's leading investigative journalists. Long before the Enron and Worldcom scandals hit the headlines he had been exposing the practice of fraudulent accounting and has been named on three occassions as one of the top business reporters under 30 years old.

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