0812966252

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The Number: How the Drive for Quarterly Earnings Corrupted Wall Street and Corporate America By: Alex Berenson ISBN: 0812966252 (0-812-96625-2) ISBN-13: 9780812966251 (978-0-812966-25-1/978-0812966251) Format: Paperback   Pages: 336 Pub. Date: 2004-04-13 Publisher: Random House Trade Paperbacks List Price: $14.95 Click link below to compare 110 bookstores prices! Get up to 90% off list price! For Book: The Number: How the Drive for Quarterly Earnings Corrupted Wall Street and Corporate America [Detail & Customer Review from Barnes & Noble] [Detail & Customer Review from Amazon]   Book Description 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 investors and these days, that s most of us 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 company s health. Too bad it s often a lie. Alex Berenson 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.

 

 

 

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