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A critical examination of the wrongdoing underlying the 2008 financial crisis An unprecedented breakdown in the rule of law occurred in the United States after the 2008 financial collapse. Bank of America, JPMorgan, Citigroup, Goldman Sachs, and other large banks settled securities fraud claims with the Securities and Exchange Commission for failing to disclose the risks of subprime mortgages they sold to the investing public. But a corporation cannot commit fraud except through human beings working at and managing the firm. Rather than breaking up these powerful megabanks, essentially imposing a corporate death penalty, the government simply accepted fines that essentially punished innocent shareholders instead of senior leaders at the megabanks. It allowed the real wrongdoers to walk away from criminal responsibility. In The Case for the Corporate Death Penalty, Mary Kreiner Ramirez and Steven A. Ramirez examine the best available evidence about the wrongdoing underlying the financial crisis. They reveal that the government failed to use its most powerful law enforcement tools despite overwhelming proof of wide-ranging and large-scale fraud on Wall Street before, during, and after the crisis. The pattern of criminal indulgences exposes the onset of a new degree of crony capitalism in which the most economically and political powerful can commit financial crimes of vast scale with criminal and regulatory immunity. A new economic royalty has seized the commanding heights of our economy through their control of trillions in corporate and individual wealth and their ability to dispense patronage. The Case for the Corporate Death Penalty shows that this new lawlessness poses a profound threat that urgently demands political action and proposes attainable measures to restore the rule of law in the financial sector.
All the reviews are in! ExxonMobil, Volkswagen, and Big Pharma hate this book. Monsanto hates this book so much they are trying to genetically modify it. Big Pharma thinks this is the worst book ever written because their pills won't cure it, and the chemical corporations are trying to spray all the copies of this book with pesticides to try and kill it. McDonald's, Burger King, and Arby's are grinding this book up and feeding it to cattle. Wall Street CEOs are throwing this book off the decks of their yachts. If he could read, Donald Trump would build a wall around this book, because it contains facts. And the public will definitely hate what's in this book, which is exactly why they need to read it.Businesses, especially large corporations, are becoming more and more controlling influences in the global economy, in governments, and in public policy throughout the world. In fact, corporations have become almost soulless monsters in the singular pursuit of profit, perpetrating, even feeding off human misery, threatening every aspect of human life--the air we breathe, the water we drink, the food we eat, the health care we receive, and even the survival of humankind itself. Dr. Brian Moench reviews the historic and current inhumane behavior of well known corporations, offering shocking detail and insights about the pharmaceutical, chemical, financial, pesticide, biotech, food processing, lead, gun, asbestos, and fossil fuel industries. A common denominator among them is that despite scientific and empirical evidence of the danger and lethality of their products, these industries successfully fought off meaningful regulation for many decades, and many are still succeeding today. Why is it that corporations run by seemingly accomplished and talented, if not admirable people, end up behaving like psychopathic, Frankenstein monsters, where profit eclipses all other considerations, including the literal survival of the human population? In today's world, with the global reach of corporations, and their technological capability for destruction, those unrestrained pathologic urges are hurtling us all toward consequences unimaginable, and a future irredeemable. What must we do to save ourselves before its too late?
A straightforward framework for creating engaging and exciting business meetings Casey McDaniel had never been so nervous in his life. In just ten minutes, The Meeting, as it would forever be known, would begin. Casey had every reason to believe that his performance over the next two hours would determine the fate of his career, his financial future, and the company he had built from scratch. “How could my life have unraveled so quickly?” he wondered. In his latest page-turning work of business fiction, best-selling author Patrick Lencioni provides readers with another powerful and thought-provoking book, this one centered around a cure for the most painful yet underestimated problem of modern business: bad meetings. And what he suggests is both simple and revolutionary. Casey McDaniel, the founder and CEO of Yip Software, is in the midst of a problem he created, but one he doesn’t know how to solve. And he doesn’t know where or who to turn to for advice. His staff can’t help him; they’re as dumbfounded as he is by their tortuous meetings. Then an unlikely advisor, Will Peterson, enters Casey’s world. When he proposes an unconventional, even radical, approach to solving the meeting problem, Casey is just desperate enough to listen. As in his other books, Lencioni provides a framework for his groundbreaking model, and makes it applicable to the real world. Death by Meeting is nothing short of a blueprint for leaders who want to eliminate waste and frustration among their teams and create environments of engagement and passion.
Just as one can destroy one's health, marriage, career, etc., CEOs and bankers can engage in behaviors and decisions that destroy the corporation they lead. For almost 25 years corporate America has resembled the Wild West. CEOs and their executives, Wall Street bankers, and others have been quietly engaged in terminating millions of jobs, stealing pensions, breaking up companies, committing fraud, outsourcing, and engaging in incomprehensible risk taking, all for the purpose of personal gain. It was blatant greed. And like most feeding frenzies it got out of control. Now, thanks to the greed demonstrated by executives at AIG, Merrill Lynch, Lehman and hundreds of other companies, Main Street America is finally outraged. It's as if Congress, journalists, pundits and even scholars have discovered that executives and bankers were cheating the system, and even in the midst of the present furor over pay, performance and bailouts, they cannot stop the greed, causing further outrage. We suggest that CEO greed has not only destroyed the American corporation, but it is responsible for the financial crises and a climate of mistrust that will take years if not decades to restore. We begin by explaining the scope of the CEO pay problem and what business schools did for the past 20 years to create the type of thinking that facilitates a culture of greed. In addition, we explore how CEOs engaged in an array of decisions that destroyed the employee-employer compact, destroyed customer service, outsourced and made themselves and stockholders wealthy. We then explain the psychological motivation to engage in unthinkable greed and how the tremendous effort an executive makes climbing the corporate ladder and then staying there leads to a psychological state of entitlement, guilt, and depersonalization in which the CEO looses empathy, and greed takes over as a defense. We then examine the nature of these problematic executive constellation cultures that become breeding grounds for greed, hubris and destruction. We discuss the psychology of the destruction of Lehman Brothers and then conduct an in-depth analysis of one of the most celebrated CEO's accused of greed and destructiveness, Bob Nardelli. the former CEO of Home Depot. This follows with a discussion of the new generation of employees, the Gen Ys, who will contribute to the demise of the American Corporation as we know it. The book ends with a discussion of what needs to be done to end unemployment and the growing gap between the rich and the poor. An extensive appendix presents the actual misdeeds and greedy acts of hundreds of CEOs.
This book highlights the continuing impunity enjoyed by corporations for large scale crimes, and in particular the crime of toxic waste dumping in Ivory Coast in 2006. It provides an account of the crime, and outlines contributory reasons for the impunity both under the law and from a criminological point of view. Furthermore, the book reveals the retrogressive role of civil society organisations (CSOs) in Ivory coast, contrary to the societal expectations made of 'non-governmental' organisations (NGOs) and CSOs. This book reveals that in the case of this particular example of state-corporate crime, civil society as an agency of censure and sanction actually played a distinctly retrogressive role. Here, in fact, state and state-corporate crime facilitates corruption within the civil society sphere through a process referred to in the book as the ‘commodification of victimhood’ and, as a result, ensures that impunity is virtually guaranteed for the corporation and the Ivorian government. This book also examines the failure of international and domestic legal measures to sanction the perpetrators alongside civil society’s shortcomings and ultimately advocates a more cautionary approach to civil society’s potential to label, censure and sanction large-scale state-corporate crime. This book will help readers understand the difficulties in sanctioning such crime as well as promoting the theoretical framework of state crime, the understanding of which could lead to the alleviation of human suffering at the hands of criminal states and corporations.
This bk presents the first up-to-date comprehensive treatment of the corporate campaign . It is aimed at both scholars, advanced students and it's practioners in fields of political commun, public relations, labor studies, human resources and management.
While the Big Three automobile companies came to dominate the industry, its early history was characterized by an array of competing companies. Studebaker's story is the chronicle of the life and death of an American automobile company where managements concept of "tradition" played a fundamental role in modeling corporate culture, rhetoric, and strategy. Donald T. Critchlow focuses on how organizational philosophies, developed by successive managerial regimes, reflected and influenced corporate strategies concerning product development, investment policies, employee relations, and the allocation of resources. The upper management of Studebaker thus shaped corporate strategy within an institutional environment that embodied company tradition and responded to market forces.
From Double Indemnity (1944) to The Godfather (1972), the stories behind some of the greatest films ever made pale beside the story of the studio that made them. In the golden age of Hollywood, Paramount was one of the Big Five studios. Gulf + Western's 1966 takeover of the studio signaled the end of one era and heralded the arrival of a new way of doing business in Hollywood. Bernard F. Dick reconstructs the battle that reduced the studio to a mere corporate commodity and traces Paramount's devolution from freestanding studio to subsidiary—first of Gulf + Western, then of Paramount Communications, and currently, of Viacom-CBS. Dick portrays the new Paramount as a paradigm of today's Hollywood, where the only real art is the art of the deal. In modern Hollywood, former merchandising executives find themselves in charge of production on the assumption that anyone who can sell a movie can make one. CEOs exit in disgrace from one studio, only to emerge in triumph at another. Corporate raiders vie for power and control, purchasing and selling film libraries, studio property, television stations, book publishers, and more. The history of Paramount is filled with larger-than-life people, including Billy Wilder, Adolph Zukor, Sumner Redstone, Shari Redstone, Sherry Lansing, Barry Diller, Michael Eisner, Jeffrey Katzenberg, and more.
The definitive guide to the contemporary craft cocktail movement, from one of the highest-profile, most critically lauded, and influential bars in the world. Death & Co is the most important, influential, and oft-imitated bar to emerge from the contemporary craft cocktail movement. Since its opening in 2006, Death & Co has been a must-visit destination for serious drinkers and cocktail enthusiasts, and the winner of every major industry award—including America’s Best Cocktail Bar and Best Cocktail Menu at the Tales of the Cocktail convention. Boasting a supremely talented and creative bar staff—the best in the industry—Death & Co is also the birthplace of some of the modern era’s most iconic drinks, such as the Oaxaca Old-Fashioned, Naked and Famous, and the Conference. Destined to become a definitive reference on craft cocktails, Death & Co features more than 500 of the bar’s most innovative and sought-after cocktails. But more than just a collection of recipes, Death & Co is also a complete cocktail education, with information on the theory and philosophy of drink making, a complete guide to buying and using spirits, and step-by-step instructions for mastering key bartending techniques. Filled with beautiful, evocative photography; illustrative charts and infographics; and colorful essays about the characters who fill the bar each night; Death & Co—like its namesake bar—is bold, elegant, and setting the pace for mixologists around the world.
Steven de Selby has a hangover. Bright lights, loud noise, and lots of exercise are the last thing he wants. But that's exactly what he gets when someone starts shooting at him. Steven is no stranger to death -- Mr. D's his boss after all -- but when a dead girl saves him from sharing her fate, he finds himself on the wrong end of the barrel. His job is to guide the restless dead to the underworld but now his clients are his own colleagues, friends, and family. Mr. D's gone missing and with no one in charge, the dead start to rise, the living are hunted, and the whole city teeters on the brink of a regional apocalypse -- unless Steven can shake his hangover, not fall for the dead girl, and find out what happened to his boss -- that is, Death himself. The Business of Death includes the first two volumes of the Death Works trilogy, Death Most Definite and Managing Death, as well as the third volume.