Rabu, 27 November 2013

[H360.Ebook] Download Why They Do It: Inside the Mind of the White-Collar Criminal, by Eugene Soltes

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Why They Do It: Inside the Mind of the White-Collar Criminal, by Eugene Soltes

Why They Do It: Inside the Mind of the White-Collar Criminal, by Eugene Soltes



Why They Do It: Inside the Mind of the White-Collar Criminal, by Eugene Soltes

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Why They Do It: Inside the Mind of the White-Collar Criminal, by Eugene Soltes

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-collar criminals, spending seven years in the company of the men behind the largest corporate crimes in history--from the financial fraudsters of Enron, to the embezzlers at Tyco, to the Ponzi schemers Bernie Madoff and Allen Stanford. Drawing on intimate details from personal visits, letters, and phone calls with these former executives, as well as psychological, sociological, and historical research, Why They Do It is a breakthrough look at the dark side of the business world.

Soltes refutes popular but simplistic explanations of why seemingly successful executives engage in crime. White-collar criminals, he shows, are not merely driven by excessive greed or hubris, nor do they usually carefully calculate the costs and benefits before breaking the law and see it's worth the risk. Instead, he shows that most of these executives make decisions the way we all do--on the basis of their intuitions and gut feelings. The trouble is, these gut feelings are often poorly suited for the modern business world.

Based on extensive interaction with nearly fifty former executives--many of whom have never spoken about their crimes--Soltes provides insights into why some saw the immediate effects of misconduct as positive, why executives often don't feel the emotions (angst, guilt, shame) most people would expect, and how acceptable norms in the business community can differ from those of the broader society.

  • Sales Rank: #18271 in Books
  • Published on: 2016-10-11
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.30" h x 1.50" w x 6.50" l, .0 pounds
  • Binding: Hardcover
  • 464 pages

Review
“Groundbreaking...[an] impressive debut...a forcefully developed and documented contribution to our further understanding of high-level criminality in lightly regulated free markets.” —Kirkus Reviews

"By showing us how well-educated and well-meaning businessmen come to commit terrible crimes, Eugene Soltes has done a great service to the business community and society. This landmark study of business gone wrong should be required reading for all people in business, MBA students, business school faculty and staff, and regulators and policymakers." —Andrew Lo, MIT Sloan School of Management

"This book is a deep and important analysis of one of the most important and least studied problems of our times: corporate crime. But it is also a page turner." —Luigi Zingales, University of Chicago Booth School of Business and author of A Capitalism for the People: Recapturing the Lost Genius of American Prosperity

"When you read of yet another corporate titan who has it all—money, fame, power—but who blows it all by straying across the line separating aggressive risk taking from crime, you're driven to ask, what possessed them? Soltes' book provides a rare, intimate, and fascinating glimpse into the series of decisions, each one mundane enough, that lead by steps to high crime. Leaves you wondering, could it happen to you?"—John Coates, former trader and author of The Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body, and Mind

"For those who wonder why the Madoffs, Kozlowskis, and other scamsters embark on careers of fraud, this fascinating book reads like a fast-paced novel that details the motivations and consequences of white-collar crime."—Arthur Levitt, former Chairman of the United States Securities and Exchange Commission (1993-2001)

About the Author
Eugene Soltes is the Jakurski Family Associate Professor of Business Administration at Harvard Business School. His research on corporate malfeasance has been cited by the Wall Street Journal, Financial Times, USA Today, and Bloomberg News. Professor Soltes teaches in Harvard Business School's executive education programs and is the recipient of the Charles M. Williams Award for Outstanding Teaching. He received his PhD and MBA from the University of Chicago Booth School of Business and his AM in statistics and AB in economics from Harvard University.

Most helpful customer reviews

9 of 9 people found the following review helpful.
This is a fun book
By Welch on me
Don't waste any more time reading reviews. If you are looking at this book on Amazon, you are likely the type of person that would love it. The book is incredibly well written and moreover, well researched. After reading it, you will be surprised with the knowledge you walk away with from such an entertaining read.

I have found prior efforts in this literature to offer knee-jerk platitudes as the causal mechanisms in these crimes, providing the most obvious and uninsightful observations. Most books and articles read like a child story book plot when relating these stories.

Eugene Soltes has done something unique with this book. Its unique approach becomes evident when you review the references and footnotes. This is not only the most comprehensive study on white-collar crime; but a thoughtful weaving of how it relates to multiple academic disciplines. This book is obviously a labor of love for Eugene Soltes--that is the only way to explain how well this book and ideas have been put together.

Looking forward to seeing what he does next.

7 of 7 people found the following review helpful.
Important, interesting, and easy to read.
By Larry
Prof. Soltes has written an important book which will help people think about and understand the nature and causes of white-collar crime.
Journalists often argue that all business schools should teach ethics. It seems obvious that analysts, directors, and managers need to understand how human nature, competitive pressures, and a lack of clear guidelines can lead to potentially disastrous choices. But how do you teach adults to be honest? How do you teach someone to not cross an undefined line?
Prof. Soltes provides an answer by describing the evolution of white collar crime and a narrative in the words of those who have been convicted of it. “Why They Do It” provides a framework and examples which the next generation of business leaders can learn from.
The book is an easy to read history with vivid relatable examples. It should be required reading for all managers.

6 of 6 people found the following review helpful.
Two Thumbs Up
By Derek
Why They Do It is both fun to read and offers a well-researched perspective on the situations and mindsets that have led a range of business professionals to end up as white collar criminals. It is a nice mix of stories and explorations of different theories on why. I particularly liked chapter 4 on the InterMune press since it is an example of a mistake I could see others easily making as well. The chapter at the end on Bernie Madoff's story offers fascinating insight into what was going through his mind. This is a book I'll return to again.

See all 8 customer reviews...

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