Why they do it : inside the mind of the white-collar criminal /

"Rarely does a week go by without a well-known executive being indicted for engaging in a white-collar crime. Perplexed as to what drives successful, wealthy people to risk it all, Harvard Business School professor Eugene Soltes took a remarkable journey deep into the minds of these white-colla...

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Bibliographic Details
Main Author: Soltes, Eugene
Format: Book
Published: New York : PublicAffairs, [2016]
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Table of Contents:
  • Prologue : Managing in the gray
  • Part I. The struggle to criminalize : "Not ... bucket-shop operators, dead-beats, and fly-by-night swindlers": pillars of the community
  • "Guys ... don't drop out of windows for no reason": creating the white-collar criminal
  • Part II. Nature or nurture? Reasoning or intuition? : "Inherently inferior organisms": bad people making bad decisions
  • "I thought it was all going to pass": a press release with consequences
  • "If you don't take it then you will regret it forever": the triumph of reason
  • "I never once thought of the costs versus rewards": intuitive decisions
  • "I never felt that I was doing anything wrong": overlooking harm
  • "If there was something wrong with this transaction, wouldn't people have told me?": the difficulty of being good
  • Part III. The business of malfeasance : "You can't make the argument that the public was harmed by anything I did": misleading disclosure
  • "Unfortunately, the world is not black and white": financial reporting fraud
  • "You go from just being on top of the world": insider trading
  • "I thought we were freakin' geniuses": deceptive financial structures
  • "You couldn't stop because you would wreck everything": the Ponzi scheme
  • "When I look back, it wasn't as if I couldn't have said no": Bernie Madoff
  • Conclusion : Toward greater humility