Banking on Fraud

Drexel, Junk Bonds, and Buyouts

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. Les mer
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Paperback
Legg i
Vår pris: 675,-

(Paperback) Fri frakt!
Leveringstid: Sendes innen 21 dager

Om boka

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.

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Om forfatteren

Mary Zey is Professor of Sociology and past Head of the department of Sociology at Texas A&M University where she teaches and conducts research on Complex Organizations. She has studies such organizations as universities, voluntary organizations, and corporations. Her research is focused on the transformation of corporate control, mergers and acquisitions, and organizational crime.