J. V. Bruni and Company
1528 North Tejon Street
Colorado Springs, Colorado 80907
(719) 575-9880 or (800) 748-3409
J. V. Bruni and Company1528 North Tejon Street Colorado Springs, Colorado 80907 (719) 575-9880 or (800) 748-3409
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Origins of the Crash,
by Roger Lowenstein.  Have you wondered how the stock
market mania of the late 1990s could have become as irrational as it
did? Roger Lowenstein, one of the best financial journalists, has done
an excellent job describing and detailing the elixir of corporate
financial statement half-truths, Wall Street conflicts of interest,
shabby corporate governance and outright fraud that intensified the
recent market bubble. He provides a highly readable description of how
far too many corporate managers and directors, rather than working in
the interests of their shareholders, essentially became looters of
shareholder wealth via misleading financial statements, excessive use of
stock options and other shenanigans. Lowenstein also describes how
hopelessly conflicted some Wall Street analysts, and even some public
accounting firms, became during those wild-and-crazy times. The chapter
on Enron, a must-read all by itself, reveals how such a large
corporation could collapse in such a short time. For those who are
already aware of the parts played in the market bubble saga by the likes
of Jack Grubman and Andy Fastow, this book should prove to be an easy,
lively read. For those who are unfamiliar with their roles, this highly
readable book will open your eyes. |
"Roger Lowenstein's writings have helped change the culture of America's executive suites and boardrooms. His investigative talent and narrative skills make Origins of the Crash a compelling and fascinating read." Arthur Levitt, Jr. |