Winner of the 2018 Excellence in Financial Journalism Award From Pulitzer Prize–winning journalist Jesse Eisinger, “a fast moving, fly-on-the-wall, disheartening look at the deterioration of the Justice Department and the Securities and Exchange Commission…It is a book of superheroes” (San Francisco Review of Books). Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed “Too Big to Fail” to almost every large corporation in America—to pharmaceutical companies and auto manufacturers and beyond. The Chickenshit Club—an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs—explains why in “an absorbing financial history, a monumental work of journalism…a first-rate study of the federal bureaucracy” (Bloomberg Businessweek). Jesse Eisinger begins the story in the 1970s, when the government pioneered the notion that top corporate executives, not just seedy crooks, could commit heinous crimes and go to prison. He brings us to trading desks on Wall Street, to corporate boardrooms and the offices of prosecutors and FBI agents. These revealing looks provide context for the evolution of the Justice Department’s approach to pursuing corporate criminals through the early 2000s and into the Justice Department of today, including the prosecutorial fiascos, corporate lobbying, trial losses, and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives. “Brave and elegant…a fearless reporter…Eisinger’s important and profound book takes no prisoners” (The Washington Post). Exposing one of the most important scandals of our time, The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring these alleged criminals to justice. “This book is a wakeup call…a chilling read, and a needed one” (NPR.org).
Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed Too Big to Fail to almost every large corporation in America--to pharmaceutical companies and auto manufacturers and beyond. [This book]--an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs--explains why"--Amazon.com.
The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.
Local governments play a central role in American democracy, providing essential services such as policing, water, and sanitation. Moreover, Americans express great confidence in their municipal governments. But is this confidence warranted? Using big data and a representative sample of American communities, this book provides the first systematic examination of racial and class inequalities in local politics. We find that non-whites and less-affluent residents are consistent losers in local democracy. Residents of color and those with lower incomes receive less representation from local elected officials than do whites and the affluent. Additionally, they are much less likely than privileged community members to have their preferences reflected in local government policy. Contrary to the popular assumption that governments that are “closest” govern best, we find that inequalities in representation are most severe in suburbs and small towns. Typical reforms do not seem to improve the situation, and we recommend new approaches.
The complete, authorised scripts, including deleted scenes, of the multiple award-winning Succession . 'The best TV show in the world.' The Times 'Just about the best thing I've ever seen on television.' New Statesman 'The best television around.' Guardian ** Winner of thirteen Emmys, five Golden Globes, three BAFTAs and a Grammy. ** With an exclusive introduction from Frank Rich. I wonder if the sad I'd be from being without you might be less than the sad I get from being with you? Kendall Roy is dealing with fallout from his hostile takeover attempt of Waystar Royco and the heavy guilt from a fatal accident. Shiv stands poised to make her way into the upper-echelons of the company, which is causing complications for Tom, which is causing complications for Greg. Meanwhile, Roman is reacquainting himself with the business by starting at the bottom, as Connor prepares to launch an unlikely bid for president. Collected here for the first time, the complete scripts of Succession: Season Two feature unseen extra material, including deleted scenes, alternative dialogue and character directions. They reveal a unique insight into the writing, creation and development of a TV sensation and a screen-writing masterpiece.
For more than three decades, Joel and Ethan Coen have produced some of the most memorable and influential American roots music soundtracks in film history. From Raising Arizona (1987) to O Brother, Where Art Thou? (2000) to Inside Llewyn Davis (2013), the Coens, along with musical archivist and producer T-Bone Burnett, have curated half-forgotten yet unforgettable genres, artists and songs from America's cultural past for new audiences. This book is the first devoted to giving a full account of this rich cinematic legacy.
The complete, authorised scripts, including deleted scenes, of the multiple award-winning Succession . 'The smartest, cruellest, funniest show on television.' Irish Times 'The most thrilling and beautifully obscene TV there is.' Guardian 'Miraculously funny yet mind-blowingly intense.' Empire ** Winner of thirteen Emmys, five Golden Globes, three BAFTAs and a Grammy. ** With an exclusive introduction from Lucy Prebble. 'Love'. You're coming for me with love? In the wake of an ambush by his rebellious son, Kendall, Logan Roy is in a perilous position, scrambling to secure familial, political and financial alliances. A bitter corporate battle threatens to turn into a family civil war. Collected here for the first time, the complete scripts of Succession: Season Three feature unseen extra material, including deleted scenes, alternative dialogue and character directions. They reveal a unique insight into the writing, creation and development of a TV sensation and a screen-writing masterpiece. 'The best TV show in the world.' The Times
This pocket-sized book of quotations from Jesse Ventura, the colorful pro-wrestler-turned-governor of Minnesota, sculpts a telling image of the man considered the people's politician. Readers get a deeper understanding of the magnetism of the man, with quotes arranged thematically by political and social issues.
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