The Investor's Guide to Corporate Smoke and Mirrors.
Enron, Tyco, Sunbeam Global Crossings, Waste Management are but the tip of the iceberg, the symptoms at the surface that reveal what companies of the future have to do to keep the economy from going into a tailspin and crashing. Luckily, there are ways for individual investors to spot companies that are using smoke and mirrors and in danger of becoming the next Enron.
The authors explain what to look for and what to look out for. They warn of:
- The Mechanics of Mendacity
- The Art of Artful Dodgers
- Words Without Foundation
- The Fog of Corporate Complexity
- Dysfunctional Governance
Using Enron as the touchstone and bringing in examples of other companies such as Micro Strategy, 3Com and Abbott Laboratories, the authors show what needs to be done to save capitalism from the capitalists and improve what has become history's greatest system of wealth creation so that it benefits not just a few greedy insiders but all of us.