Michael A. Santoro, Ronald J. Strauss

Wall Street Values

• Gebundenes Buch

Produktbeschreibung

'This timely book answers complex and perplexing questions raised by Wall Street's role in the financial crisis. What are the economic and moral connections between Wall Street and the overall economy? How did we arrive at this point in history where our most powerful financial institutions thwart rather than promote free markets, prosperity and even social cohesion? Can the fractured relationship between Wall Street and Main Street be repaired? Wall Street Values chronicles the transformation of Wall Street's business model from serving clients to proprietary trading and explains how this shift undermined the ethical foundations of the modern financial industry. Michael A. Santoro and Ronald J. Strauss argue that post-millennial Wall Street is not only 'too big to fail' but also a threat to the economy even when it succeeds.This timely book answers complex and perplexing questions raised by Wall Street's role in the financial crisis. Wall Street Values chronicles the transformation of Wall Street's business model from serving clients to proprietary trading and explains how this shift undermined the ethical foundations of the modern financial industry.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 250
• Erscheinungstermin: 7. Februar 2013
• Englisch
• Abmessung: 222mm x 145mm x 18mm
• Gewicht: 420g
• ISBN-13: 9781107017351
• ISBN-10: 1107017351
• Artikelnr.: 36274898

Autorenporträt

Michael A. Santoro is a Professor of Management and Global Business at Rutgers Business School in New Jersey, where he has taught since 1996. Professor Santoro's books include China 2020: How Western Business Can - and Should - Influence Social and Political Change in the Coming Decade (2010), Ethics and the Pharmaceutical Industry (Cambridge University Press, 2005, co-edited with Thomas M. Gorrie) and Profits and Principles: Global Capitalism and Human Rights in China (2000). A frequent commentator in the mainstream media on business ethics, he holds a JD from New York University School of Law and a PhD in public policy from Harvard University.

Inhaltsangabe

Part I. Financial Crisis Background and Theoretical Framework: 1. A financial, governmental, and moral crisis; 2. Does Wall Street have any responsibility to society?: Wall Street and economic prosperity; Part II. Wall Street Business Model, Regulation, and Values in Transition: 3. The gathering storm: government missteps and inattentiveness contribute to the financial crisis; 4. From financial services to proprietary trading: the transformation of Wall Street's business model; 5. Secrets and lies: Goldman Sachs and the death of the honest broker; Part III. Policy Recommendations and Sustainable Values for Wall Street in the Twenty-First Century: 6. Wall Street regulation for the twenty-first century; 7. Wall Street values for the twenty-first century.

Rezensionen

'The financial crisis has been examined from every angle except this one: the ethical lapses that led up to it. Time spent reading this highly original book is time well spent. It will make you think.' Alan Blinder, Princeton University