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Resisting Corporate Corruption, 3rd edition

Cases in Practical Ethics from Enron Through the Financial Crisis
By Stephen V. Arbogast
Copyright: 2017   |   Status: Published
ISBN: 9781119323341  |  Hardcover  |  
576 pages
Price: $94.95 USD
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One Line Description
Presents real world case studies exploring the complex challenges that cause ethical failures and the means available to overcome them with integrity.

Audience
The book has many audiences including: Business schools and MBA students, especially those with finance concentration; law schools and those doing continuing legal education (CLE); corporate heads of audit, controllers and legal compliance officers; business leaders, especially those heading financial and large corporations; seminaries and other institutions offering business ethics courses.

Description
Resisting Corporate Corruption teaches business ethics in a manner very different from the philosophical and legal frameworks that dominate graduate schools. The book offers twenty-eight case studies and nine essays that cover a full range of business practice, controls and ethics issues. The essays discuss the nature of sound financial controls, root causes of the Financial Crisis, and the evolving nature of whistleblower protections. The cases are framed to instruct students in early identification of ethics problems and how to work such issues within corporate organizations. They also provide would-be whistleblowers with instruction on the challenges they’d face, plus information on the legal protections, and outside supports available should they embark on that course. Some of the cases illustrate how ‘The Young are the Most Vulnerable,’ i.e. short service employees are most at risk of being sacrificed by an unethical firm. Other cases show the ethical dilemmas facing well-known CEOs and the alternatives they can employ to better combine ethical conduct and sound business strategy. Through these case studies, students should emerge with a practical toolkit that better enables them to follow their moral compass.

What’s new in the 3rd edition?
The Second Edition was published in 2013 and offered cases on both Enron and the Financial Crisis. The Third Edition retains most of these cases but extends coverage into the post-Crisis, post-Dodd-Frank era. Questions posed include: have the causes of the Crisis been addressed, and have the conditions for resisting corporate corruption improved? New cases treat Goldman Sacks efforts to improve management of conflicts of interest, Morgan Stanley’s attempt to reform its business model and compensation system, the use of client funds at M.F. Global, bank manipulations of LIBOR and Citigroup’s struggles with Banamex. New essays provide a primer on Dodd-Frank and updated information on whistleblower options and legal protections.


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Reviews
“This third edition to Resisting Corporate Corruption is a must read for all students of American capitalism and specifically anyone considering a career on Wall Street or in public company finance and M&A.”—Sherron Watkins, from the Foreword

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Author / Editor Details
Stephen V. Arbogast is Professor of Practice of Finance and Director of the Energy Center at the Kenan-Flagler Business School, University of North Carolina at Chapel Hill. From 2004-2014 he was Executive Professor of Finance at the University of Houston. From 1972-2004, he worked for ExxonMobil Corporation in various finance positions, serving overseas in Brazil and Thailand, and culminating as Treasurer of ExxonMobil Chemical Company. Since 2010 he has been a member of the Technical Review Panel of the National Renewable Energy Laboratory.

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