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".. Examines changing attitudes towards insolvency and their importance to the economy and self-image of the early American republic. Mann, a professor of law and history at the University of Pennsylvania, shows how debtor-relief movements like Shay's Rebellion, a post-Revolution wave of business failures and the need to pay off the public Revolutionary War debt made the problem of debt central to the politics of the new Republic, while the growth...
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This is the compelling story of the puzzling decline and fall of one of America's most prestigious automobile manufacturers, a company that for most of the fifty-nine years of its history was a synonym for luxury, excellence, and corporate stability. Although many books have extolled the long, glamorous history of Packard, this book focuses on the dark, post-World War II years that led to its dissolution in 1956. For the first time, this book gives...
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When financial statements paint a rosy picture of a company one day and the same company announces massive losses the next, it can only be assumed that fortunes haven't actually changed overnight. This provocative book tells why accounting has failed to deliver the truth about a company's state of affairs or to give warning of its drift towards failure. In this lively and readable book, the authors balance broad interpretation and recommendations...
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Lays bare the strategies that corrupt CEOs and CFOs--in collusion with those who have regulatory oversight of their industries--use to defraud companies for their personal gain. Recounting the investigations he conducted as Director of Litigation for the Federal Home Loan Bank Board, Black fully reveals how Charles Keating and hundreds of other S & L owners took advantage of a weak regulatory environment to perpetrate accounting fraud on a massive...
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An account of layoffs in America, their questionable necessity, their overuse, and their devastating impact on individuals at all income levels. Economics journalist Uchitelle explains how, in the mid-1970s, the first major layoffs, a limited response to the inroads of foreign competition, spread and multiplied, in time destroying the notion of job security and the dignity of work. The author traces the rise of job security in the United States to...
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