The Number - How America's Balance Sheet Lies Rocked the World's Financial Markets

Összefoglaló

In the bestselling traditions of Barbarians at the Gate and Den of Thieves, Alex Berenson's The Number provides a comprehensive overview of how Wall Street and corporate America lost their way during the great bull market that began in 1982. With wit and a broad historical perspective, Berenson puts Enron, WorldCom and the other accounting disasters of recent years in devastating context. He shows how, as the bull market turned into a bubble, the world's financial markets became utterly focused on companies' quarterly earnings — the number'. Accountants, analysts, money managers and individual investors played along, while the governing body found itself overwhelmed and under-equipped to cope with the earnings game.
Part detective story, part financial history, The Number gives an insider's account of the balance-sheet lies that have so tarnished the reputation of corporate America.