Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions

John Gillespie, Author . Free Press $27 (306p) ISBN 978-1-4165-5993-1

Gillespie, a former investment banker with Lehman Brothers, Morgan Stanley, and Bear Sterns; and Zweig, business consultant and Salon.com founder, blow the whistle on the insular, apathetic, and dangerously lackadaisical world of corporate boards. Of the world's 200 largest economies, more than half are corporations, whose economic might is matched by their political and environmental sway. While the media highlights misbehaving moguls, boards work behind closed doors, and their substantial impact often goes unnoticed. These boards, described by the authors as predominantly made up of white men in their '60s, make their decisions “based on the fact that it's not their money,” and the trickle-down effect onto ordinary people is enormous. While Gillespie and Zweig sew in just enough juicy tales of mismanagement and scandalous misbehavior, they make a genuine effort to highlight representative issues and portray corporate leadership in all its complexity, instead of as a simplistic morality tale. They take a running jump at solutions and reforms that might help boards work more effectively and ethically. Both thoughtful and lively, this is a fascinating discussion of a little-seen force in corporate America. (Jan.)

Reviewed on: 11/30/2009
Release date: 01/01/2010
Show other formats
FORMATS
X
Stay ahead with
Tip Sheet!
Free newsletter: the hottest new books, features and more
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Email Address

Password

Log In Lost Password

PW has integrated its print and digital subscriptions, offering exciting new benefits to subscribers, who are now entitled to both the print edition and the digital editions of PW (online or via our app). For instructions on how to set up your accout for digital access, click here. For more information, click here.

The part of the site you are trying to access is now available to subscribers only. Subscribers: to set up your digital subscription with the new system (if you have not done so already), click here. To subscribe, click here.

Email pw@pubservice.com with questions.

Not Registered? Click here.