Corporate Scandals

"…the definitive and complete guide to understanding the topic of corporate scandals and their impact on the U.S. economy. Their writing style and case methodology put the reader in the middle of the action, thereby encouraging reflection on how one would behave if placed in a similar situation. 

They not only detail what went wrong, but they offer provocative insights on the institutional changes necessary to restore confidence and trust in business accounting. This book should be required reading in every MBA program, and for undergraduate business majors as well."

—Harvey Rosenblum, Senior Vice President and Director of Research, Federal Reserve Bank of Dallas, and University Professor of Finance, Cox School of Business, Southern Methodist University


"...should be on the reading list of corporate CEOs and mandatory reading for every student in a 'Business Ethics' class in every college and university Business School in the country."

—Library Bookwatch, June 2005


"...broad topical coverage makes it useful for nonspecialist readers wanting a brief, readable encyclopedic account."

—Choice June 2005


“Corporate Scandals is the encyclopedia of corporate scandals and an essential text for Business Ethics.”

—Dr. Gary Quinlivan, Dean of the Alex G. McKenna School of Business, Economics, and Government at Saint Vincent College


“The Gray, Frieder, and Clark author team does a terrific job integrating the diverse elements that resulted in unparalleled scandal. This work is detailed, objective, definitive, and includes the latest developments. Its insightful presentation of a $1.6 trillion financial “heist” is must reading for all observers of U.S. capitalism and corporate governance.”

—Dr. Stanley D. Smith, SunTrust Chair of Banking and Professor of Finance, University of Central Florida


The authors pull together a great deal of material while providing important analytical insights. I found their exposure of “the great heist” scheme fascinating. Also, their presentation of the abuses perpetrated by the mutual fund industry points to the serious damage that has been done to the very foundation of our investment markets, if not our entire free-market system.

—John M. Baker, Senior Investmant Manager, Banc Funds, Chicago, IL.


"Corporate Scandals is accurate and well-grounded both in business theory and in ethical perception of just how much a good society needs a moral foundation. It is a critique and a road-map forward combined in one wide-ranging discussion of stock-market capitalism and how to improve it.

—Steve Young, Global Executive Director, The Caux Round Table


“...it speaks to the deep failure of public auditors and the accounting profession, the need to address breakdowns in corporate governance, and the potential opportunities that exist in business education. Having spent my entire professional life in these areas, I can confidently say that readers of this book will be well served.”

—Sybil C. Mobley, C.P.A., Ph.D., Dean Emeritus, School of Business & Industry, Florida A & M University