Banking on Fraud
Subtitle: Drexel, Junk Bonds, and Buyouts
By: Mary Zey
Edition: First edition.
Publisher: Taylor and Francis
Published: 2017
Place of publication: London
Language: eng
Number of pages: 306
ISBN-13: 9781351314848
Subjects: Securities industry; Corrupt practices; Junk bonds; Valeurs mobilières; Industrie; Pratiques déloyales; Obligations de pacotille; BUSINESS & ECONOMICS; Management; Drexel Burnham Lambert Incorporated
Description: "In analyzing the fraud-facilitated leveraged buyouts engineered by Michael Milken and the firm of Drexel Burnham Lambert, the author suggests that such buyouts have multiple and extensive consequences for the organization of business and the economy. Zey also demonstrates how ordinary bond trading networks were linked to the extraordinary networks of the Boesky Organizations and Employee Private Partnerships in order to defraud bond issuers and buyers. This book debunks the myth of rational economic organization in the 1980s and establishes broad implications for theories of organizational deviance."--Provided by publisher
Table of contents: title: Part, I Doing Fraud and Its Consequences --; title: chapter 1 An Error and Its Chain Reaction  -- Mary Zey; title: chapter 2 Fraud Networks of Drexel  -- Mary Zey; title: chapter 3 Consequences of Fraud-Facilitated Leveraged Buyouts  -- Mary Zey; title: part, II Toward Understanding Fraud --; title: chapter 4 Structural Contradictions and the Failure of Corporate Control  -- Mary Zey; title: chapter 5 The Nature of Securities Transactions and Market Control  -- Mary Zey; title: part, III Toward Understanding Fraud as Structurally Embedded --; title: chapter 6 Economic Context  -- Mary Zey; title: chapter 7 Political-Legal Context  -- Mary Zey; title: part, IV Toward Theory --; title: chapter 8 Toward Theories of Economic Organizations and Organizational Crime -- Mary Zey.