The Number: How the Drive for Quarterly Earnings Corrupted

The Number: How the Drive for Quarterly Earnings Corrupted Wall Street and Corporate America

With a new Afterword by the author and a new Foreword by Mark Cuban

In this commanding big-picture analysis of what went wrong in corporate America, Alex Berenson, a top financial investigative reporter for The New York Times, examines the common thread connecting Enron, Worldcom, Halliburton, Computer Associates, Tyco, and other recent corporate scandals: the cult of the number.

Every three months, 14,000 publicly traded companies report sales and profits to their shareholders. Nothing is more important in these quarterly announcements than earnings per share, the lodestar that investorsâ€”and these days, thatâ€™s most of usâ€”use to judge the health of corporate America. earnings per share is the number for which all other numbers are sacrificed. It is the distilled truth of a companyâ€™s health.

Too bad itâ€™s often a lie.

Alex Berensonâ€™s The Number provides a comprehensiv, brutally factual 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 recent corporate accounting (or accountability) disasters in their proper context. He explains how the wheels came off the wagon, giving readers the information and analysis they need to understand Enron, Tyco, WorldCom, Halliburton, and the rest of the corporate calamities of our times.
Country USA
Brand Random House Trade Paperbacks
Manufacturer Random House Publishing Group
Binding Paperback
ItemPartNumber 0812966252_used
Color Yellow
ReleaseDate 2004-04-13
UnitCount 1
EANs 9780812966251

Country	USA
Brand	Random House Trade Paperbacks
Manufacturer	Random House Publishing Group
Binding	Paperback
ItemPartNumber	0812966252_used
Color	Yellow
ReleaseDate	2004-04-13
UnitCount	1
EANs	9780812966251

The Number: How the Drive for Quarterly Earnings Corrupted Wall Street and Corporate America

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