Includes bibliographical references (pages 283-296) and index.
CONTENTS NOTE
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Part 1 : What happened to investors' money? -- Why you should read this book -- Scandals and more scandals -- Systematic deception -- More than a few bad apples.
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Part 2 : Infectious greed : who got the money? -- Shareholders versus CEOs: the CEOs make it big -- Osama Bin Andersen: the role of the accountants.
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Part 3 : The failure of checks and balances -- Neither prevent nor punish -- Ordinary business at the banks -- The corruption of the analysts.
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Part 4 : Why it happened -- The temptation to steal -- The ethics of the gutter.
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Part 5 : Reforms to help investors -- Ties, belts, and shoelaces: changing incentives for CEOs -- Total regulatory reform -- Restraining the imperial CEO.
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Part 6 : The market's role in a solution -- Let the market choose -- Ethics can make the market work.
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Part 7 : Getting your money back -- Freezing and seizing: a direct route to the CEO's pocketbook -- Getting Congress to get it for you.
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Part 8 : Protecting yourself from new dangers -- How should I invest? -- Hedge funds that don't hedge -- Do investors dare return to the market?
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SUMMARY OR ABSTRACT
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In Wheel, Deal, and Steal, D. Quinn Mills shows investors how the financial frauds work, where the money goes, who's to blame, and what they can do about it. He explains how imperial CEOs continue to mislead their investors---and how the rules intended to protect investors continue to fail.
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Mills outlines comprehensive reforms that can clean up the system and keep it clean, by finally eliminating the incentives that still promote massive corruption. He shows small investors how to protect their remaining assets---and, in some cases, even recover their losses.
TOPICAL NAME USED AS SUBJECT
Accounting-- Corrupt practices-- United States.
Business ethics-- United States.
Chief executive officers-- Professional ethics-- United States.