Why they do it : inside the mind of the white-collar criminal /
Rarely does a week go by without a well-known executive being indicted for engaging in a white-collar crime. Perplexed as to what drives successful, wealthy people to risk it all, Harvard Business School professor Eugene Soltes took a remarkable journey deep into the minds of these white-collar crim...
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| Format: | Book |
| Language: | English |
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New York :
PublicAffairs,
[2016]
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| Edition: | First edition. |
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Table of Contents:
- Prologue: Managing in the gray
- Part I: The struggle to criminalize
- "Not...bucket-shop operators, dead-beats, and fly-by-night swindlers" : pillars of the community
- "Guys...don't drop out of windows for no reason" : creating the white-collar criminal
- Part II: Nature or nurture? Reasoning or intuition?
- "Inherently inferior organisms" : bad people making bad decisions
- "I thought it was all going to pass" : a press release with consequences
- "If you don't take it then you will regret it forever" : the triumph of reason
- "I never once thought of the costs versus rewards" : intuitive decisions
- "I never felt that I was doing anything wrong" : overlooking harm
- "If there was something wrong with this transaction, wouldn't people have told me?" : the difficulty of being good
- Part III: The business of malfeasance
- "You can't make the argument that the public was harmed by anything I did" : misleading disclosure
- "Unfortunately, the world is not black and white" : financial reporting fraud
- "You go from just being on top of the world" : insider trading
- "I thought we were freakin' geniuses" : deceptive financial structures
- "You couldn't stop because you would wreck everything" : the Ponzi scheme
- "When I look back, it wasn't as if I couldn't have said no" : Bernie Madoff
- Conclusion: Toward greater humility.