The governance reforms carried out in publicly traded companies since, if not before, the fiascos called Enron, WorldCom, Tyco, Global Crossing, et alia have resulted in boards of directors largely staffed with independent, diligent people with solid business experience.Then, why is it that...

This paper focuses on the convoluted process that played a critical role in triggering the worldwide financial crisis of the 2007-2009. This financial crisis was clearly man-made. It was not a “perfect storm.” not an act of God. The all too familiar duo of greed and avarice played their...

The recent wave of corporate scandals has placed corporate executives and boards of directors in the cross hairs of public opinion. However, the tactics of some new wave investors, particularly some breed of hedge funds (which would be more aptly called speculative funds), and their relentless...