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From Enron-era Scandals to the subprime crisis (2004-2006) |
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xix | |
| Preface |
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xxiii | |
| Acknowledgments |
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xxv | |
| Introduction |
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xxvii | |
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Photographs follow page 188. |
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Part I Enron and Corporate Reforms |
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1 | (136) |
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1 Enron and Its Aftermath |
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3 | (34) |
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3 | (1) |
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3 | (1) |
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4 | (3) |
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7 | (1) |
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The Arthur Andersen Fiasco |
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7 | (3) |
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The Nigerian Barge Fiasco |
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10 | (3) |
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Broadband Services Prosecutions |
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13 | (2) |
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15 | (3) |
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The Lay and Shilling Criminal Trial |
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18 | (14) |
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32 | (1) |
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Summing Up the Enron Litigation |
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33 | (1) |
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The Prosecution's Scorecard |
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33 | (1) |
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Enron Bankruptcy Proceedings |
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34 | (1) |
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35 | (1) |
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36 | (1) |
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2 Other Enron-Era Scandals |
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37 | (39) |
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The Telecom Scandals--The Aftermath |
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37 | (1) |
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37 | (4) |
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41 | (1) |
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42 | (1) |
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43 | (1) |
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43 | (4) |
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47 | (1) |
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47 | (4) |
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51 | (2) |
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53 | (2) |
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55 | (1) |
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56 | (1) |
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57 | (1) |
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57 | (2) |
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59 | (1) |
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Tax Shelters: Another Enron-Era Scandal |
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59 | (6) |
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Other Accounting Scandals |
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65 | (1) |
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66 | (1) |
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The Financial Analyst Scandals |
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66 | (2) |
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Other Financial Analyst Issues |
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68 | (1) |
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69 | (2) |
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71 | (5) |
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3 Corporate Governance Reforms |
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76 | (61) |
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76 | (1) |
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76 | (2) |
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Other Sarbanes-Oxley Reforms |
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78 | (1) |
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79 | (1) |
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Loss of Competitive Advantage |
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80 | (1) |
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80 | (1) |
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80 | (3) |
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83 | (1) |
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The Executive Compensation Controversy |
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84 | (1) |
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84 | (2) |
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86 | (2) |
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88 | (1) |
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Confiscation Through Taxes |
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89 | (2) |
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The Reagan and Bush Tax Cuts |
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91 | (2) |
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Compensation Arrangements |
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93 | (1) |
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93 | (2) |
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Class Warfare and the Criminalization of Executive Pay |
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95 | (2) |
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Richard Grasso's Retirement Package |
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97 | (3) |
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100 | (1) |
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100 | (1) |
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101 | (1) |
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102 | (1) |
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Compensation Concerns Grow |
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103 | (1) |
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103 | (1) |
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104 | (1) |
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104 | (2) |
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106 | (1) |
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107 | (1) |
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107 | (2) |
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109 | (2) |
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111 | (1) |
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112 | (5) |
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Corporate Reforms--Shareholder Voting |
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117 | (1) |
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117 | (3) |
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120 | (2) |
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122 | (1) |
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123 | (1) |
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123 | (1) |
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124 | (1) |
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Separation of Chairman and CEO |
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124 | (1) |
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Shareholder Bill of Rights |
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125 | (1) |
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126 | (1) |
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126 | (4) |
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130 | (1) |
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Class-Action Lawyer Scandals |
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131 | (6) |
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Part II Financial Market Developments |
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137 | (214) |
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4 Securities, Banking, and Insurance |
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139 | (50) |
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Securities Market Developments |
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139 | (1) |
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139 | (2) |
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141 | (1) |
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142 | (1) |
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143 | (1) |
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144 | (1) |
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145 | (1) |
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146 | (3) |
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149 | (1) |
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150 | (4) |
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154 | (1) |
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155 | (1) |
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156 | (1) |
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156 | (1) |
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157 | (2) |
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159 | (1) |
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159 | (1) |
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159 | (3) |
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162 | (2) |
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164 | (1) |
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164 | (1) |
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165 | (1) |
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Concerns over Cross-Border Settlement |
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166 | (1) |
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167 | (1) |
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Custody and Payment Systems |
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167 | (1) |
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167 | (2) |
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169 | (1) |
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Payment Systems and Central Banks |
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170 | (1) |
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171 | (1) |
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172 | (1) |
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Fixed Income Clearing Corporation |
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172 | (1) |
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172 | (1) |
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173 | (2) |
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175 | (1) |
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176 | (1) |
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Bank Capital Requirements |
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176 | (4) |
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180 | (1) |
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SEC Net Capital Requirements |
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180 | (1) |
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180 | (2) |
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182 | (1) |
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Consolidated Supervised Entities |
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183 | (1) |
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Insurance Capital Requirements |
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184 | (5) |
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189 | (38) |
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189 | (1) |
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189 | (1) |
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190 | (3) |
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The Stock Market Crash of 1987 |
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193 | (1) |
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194 | (2) |
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Other Over-the-Counter Derivatives |
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196 | (1) |
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Commodity Futures Modernization Act of2000 |
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197 | (2) |
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199 | (1) |
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Energy Market Manipulations |
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200 | (4) |
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204 | (3) |
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207 | (1) |
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208 | (1) |
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209 | (3) |
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ECNs in the Commodity Markets |
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212 | (1) |
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Electronic Trading Delayed |
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213 | (1) |
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214 | (3) |
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Competition and Consolidation |
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217 | (1) |
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Futures Market Clearinghouse |
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218 | (1) |
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The Role of the Clearinghouse |
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218 | (2) |
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The Stock Market Crash of 1987 |
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220 | (1) |
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Over-the-Counter Clearing |
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221 | (1) |
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221 | (1) |
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222 | (2) |
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Custody Arrangements--Futures Commission Merchants |
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224 | (1) |
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CFTC Capital Requirements |
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225 | (2) |
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6 The Rise of the Hedge Funds and Private Equity |
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227 | (54) |
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227 | (1) |
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227 | (4) |
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231 | (5) |
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236 | (5) |
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241 | (3) |
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244 | (1) |
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244 | (1) |
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245 | (4) |
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The Rise of Private Equity |
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249 | (1) |
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249 | (1) |
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250 | (4) |
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254 | (2) |
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256 | (2) |
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258 | (1) |
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259 | (2) |
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Private Equity and Hedge Funds |
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261 | (2) |
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Private Equity and Privacy |
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263 | (1) |
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264 | (2) |
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266 | (3) |
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269 | (1) |
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270 | (1) |
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271 | (3) |
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274 | (1) |
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The Credit Crunch and Private Equity |
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275 | (1) |
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276 | (2) |
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National Security Concerns |
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278 | (3) |
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281 | (46) |
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281 | (1) |
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281 | (1) |
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282 | (1) |
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Residential Mortgage Providers |
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283 | (3) |
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Twentieth-Century Mortgage Markets |
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286 | (2) |
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288 | (2) |
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290 | (2) |
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292 | (2) |
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294 | (1) |
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Federal Home Loan Bank Board |
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295 | (1) |
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Reconstruction Finance Corporation |
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296 | (1) |
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Building a Mortgage Market |
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296 | (1) |
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296 | (1) |
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Home Owner's Loan Corporation |
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297 | (1) |
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Federal Housing Authority |
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298 | (4) |
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Reconstruction Finance Corporation--Expansion |
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302 | (1) |
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302 | (1) |
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303 | (1) |
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304 | (1) |
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305 | (2) |
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307 | (1) |
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307 | (1) |
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308 | (2) |
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310 | (1) |
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311 | (1) |
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312 | (3) |
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315 | (2) |
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317 | (1) |
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318 | (3) |
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321 | (1) |
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322 | (2) |
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324 | (3) |
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8 A Critical Look at the Reformers |
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327 | (24) |
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327 | (1) |
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The New York Attorney General |
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327 | (1) |
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328 | (4) |
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Justice Department as Regulator |
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332 | (2) |
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Corporate Governance Reforms |
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334 | (1) |
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334 | (1) |
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334 | (2) |
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Athletes and Entertainers |
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336 | (4) |
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340 | (1) |
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341 | (1) |
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Union Pension Funds as Reformers |
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341 | (3) |
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344 | (7) |
| Conclusion |
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351 | (2) |
| Notes |
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353 | (10) |
| Selected Bibliography |
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363 | |
| Name Index |
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1 | (16) |
| Subject Index |
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17 | |
