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'Wheel, Deal and Steal: Deceptive Accounting, Deceitful CEOs, and Ineffective Reforms'.


Business Editors

UPPER SADDLE RIVER Saddle River may refer to:
  • Saddle River, New Jersey, a borough in Bergen County, New Jersey
  • Saddle River (New Jersey), a tributary of the Passaic River in New Jersey
, N.J.--(BUSINESS WIRE)--April 15, 2003

New Book by D. Quinn Mills Exposes Corporate Fraud Practices and What

Can Be Done to Stop Them

A new book by Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University.  Professor D. Quinn Mills tackles corporate fraud issues not yet broadly discussed, including the imbalance of power in corporations between executives who have too much power and the boards of directors who don't have enough.

Mills explores how these disparities and others are making the stock market more dangerous for investors, and he addresses the epidemic-nature of financial scandals affecting many global corporations.

In Wheel, Deal and Steal: Deceptive Accounting, Deceitful CEOs, and Ineffective Reforms (Financial Times Prentice Hall Prentice Hall is a leading educational publisher. It is an imprint of Pearson Education, Inc., based in Upper Saddle River, New Jersey, USA. Prentice Hall publishes print and digital content for the 6-12 and higher education market. History
In 1913, law professor Dr.
, $24.95), Mills explains how imperial CEOs continue to mislead and steal from their investors, and how the checks and balances intended to protect investors continue to fail. The book gives investors the knowledge to protect themselves by showing exactly how financial frauds work, where the money goes, why fraud continues, who's to blame, and what can be done about it.

As Eliot Spitzer Eliot Laurence Spitzer (born June 10 1959 ) is an American lawyer, politician and the current Governor of New York. Spitzer was elected governor in the November 2006 election. , New York State Attorney General The New York State Attorney General is the chief legal officer of the State of New York. The office has been in existence in some form since 1626, under the Dutch colonial government of New York. , said in his endorsement of the book, "This book should be read by anyone who wishes to understand the serious structural flaws that were embedded in our financial system during the 1990s. This book is a must read."

Mills explores how the deterioration of business ethics business ethics, the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social , caused in part by the financial gains of deceitful executives and the lack of prosecution of them, continues unabated. The author also argues that despite more than two years of a falling stock market, a year of corporate financial scandal and new federal reform law, the underlying causes of financial fraud are still not addressed. Companies continue to buy both auditing and consulting services from accounting firms, and boards of directors continue to provide large option grants and golden parachutes to executives regardless of company performance. Mills outlines recommendations for policy reform to address these issues and others.

Wheel, Deal and Steal is available in major bookstores.

ABOUT THE AUTHOR

D. Quinn Mills is an Alfred J. Weatherhead Jr. Professor of Business Administration at Harvard Business School, where he teaches about leadership and general management. His books include Buy, Lie and Sell High: How Investors Lost Out On Enron and the Internet Bubble; eLeadership: Winning in 21st Century Business; eFuture: The World in Disorder; and Broken Promises: An Unconventional View of What Went Wrong at IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , which helped define strategies that were later used to turn IBM around. Mills advises major corporations and consulting firms and has been widely quoted in leading media outlets, including The Financial Times, The New York Times, The New York Times, The

Morning daily newspaper, long the U.S. newspaper of record. From its establishment in 1851 it has aimed to avoid sensationalism and to appeal to cultured, intellectual readers.
 Wall Street Journal, Business Week, and CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence)
CNBC Consumer News and Business Channel
CNBC Congress of National Black Churches, Inc.
.

ABOUT THE BOOK

TITLE:      Wheel, Deal and Steal: Deceptive Accounting, Deceitful
            CEOs, and Ineffective Reforms
AUTHOR:     D. Quinn Mills
PUBLISHER:  Financial Times Prentice Hall
ISBN:       0131408046
PRICE:      $24.95/ Hardcover/ 336 pages
PUB DATE:   April 2003
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 15, 2003
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