2004 Supplement to Corporations Law and Policy

Partnoy, Frank

Palmiter, Alan R.

Bauman, Jeffrey D.

West

This new Interactive Casebook brings corporate law to life for students by focusing on the role of corporations in contemporary society. The book features important and modern policy discussions and includes chapters on corporate social responsibility, externalities, and criminality. At the same time, the authors have made it easy for professors to teach from this book. It covers all of the major relevant cases, includes statutory materials in the text, and synthesizes useful note cases as illustrative examples. The book also covers basic financial concepts, including accounting, options, and executive compensation. PLEASE NOTE: If you purchase a used, unsealed copy of this book, access to the electronic version of this book may require a separate purchase.

Palmiter and Partnoy's Corporations: A Contemporary Approach (Interactive Casebook Series)

Palmiter, Alan

Business

West Academic Publishing

This book is an accessible text for a Corporation law course and one readily adaptable to a Business Associations course. The clear, accessible narrative that students love is now everywhere, not just in selected sections. A new and updated online companion site includes Power Points, class outlines, quizzes and other materials. The second edition includes key updates on cases and legal concepts, including Citizens United, Dodd-Frank and say-on-pay. The "other entities" materials are flexible so professors can customize, large or small.

Corporations: A Contemporary Approach, 2d (Interactive Casebook Series)

The Orange County bankruptcy. The fall of Barings Bank. Shocking losses at Procter &amp; Gamble, Dell Computer, and Gibson Greetings. The Mexican peso crisis. What did all these disasters have in common? A class of financial instruments known as derivatives―the most dangerous (and profitable) products ever devised on Wall Street. In F.I.A.S.C.O.: Blood in the Water on Wall Street, a former derivatives salesman takes readers onto the trading floor of a leading investment bank―and in a tell-all, no-holds-barred exposé, reveals for the first time the ugly truth about these complex financial products and the people who peddle them. Writing with the same eye for telling details as Michael Lewis in Liar’s Poker, Frank Partnoy shows how the once genteel world of investment banking has now become a place where the rallying cry is "There’s blood in the water. Let’s go kill someone." Partnoy was in his late twenties when he landed the job of his dreams―a position in Morgan Stanley’s Derivatives Products Group, the single most profitable division of the venerable investment bank. With vivid character sketches and a wealth of funny-yet-disturbing anecdotes, Partnoy takes us inside the culture of Morgan Stanley’s derivatives group. Encouraged by upper management and egged on by gun-toting senior salesmen, derivatives had become a business-as-war, take-no-prisoners operation where people pored over Soldier of Fortune and gloated when they sold a product that "ripped off" a client’s face. As he leads us through the ups and downs of his fifteen months at Morgan Stanley, Partnoy explains in plain English what derivatives are―and shows how he and the other "rocket scientists" at the bank custom-designed these arcane financial products to dodge government regulators, encourage foreign currency speculation by pension and mutual funds, disguise risky gambles with AAA Standard &amp; Poor’s ratings, and avoid capital gains taxes for weathy individuals. He also details, for the first time, the deal that earned Morgan Stanley the fattest fee in Wall Street history―a $74.5 million profit for devising a derivative that wiped hundreds of millions in losses off a Japanese company’s balance sheet. But dreaming up ever more complicated derivatives products―Dollarized Yield Curve Notes, Constant Maturity Treasury Floaters, Trigger Notes, and Total Return Swaps, to name a few―was never enough. For the bank to earn its fee, they had to be sold―usually, as Partnoy notes, either to "cheaters" (fund managers who wanted riskier investments than their regulators or charters normally allowed) or to "widows and orphans" (unsophisticated fund managers who couldn’t understand the risks in fine print). Throughout the book, Partnoy gives us a trading-floor view of the disasters fueled by derivatives trading and provides the formula of greed, daring, and ingenuity that are the basic ingredients of all derivatives. Written with humor, insight, and a mounting sense of moral outrage, F.I.A.S.C.O. is both a brilliant insider’s account of investment banking today and a blistering indictment of the largely unregulated market in derivatives―a book that everyone who has a pension plan or invests in mutual funds needs to read.

F.I.A.S.C.O.: Blood in the Water on Wall Street

Business & Money

Investing

W.W.Norton&Company

“Applies an intelligent, clinical eye to [an] excruciatingly complex corner of the financial world.” ―New York Times A classic of its kind, Frank Partnoy’s best-selling FIASCO takes readers inside the rollicking world of derivatives on Wall Street during the mid-1990s. The book tracks Partnoy’s success as a young Morgan Stanley employee who quickly becomes steeped in a culture that treats client as targets to be “blown up” or have their faces “ripped off.” A decade later FIASCO remains one of the most damning and prescient pictures of the speculative frenzies that grip Wall Street and the victims they can leave in their wake. In Partnoy’s case they include well-publicized losses at Orange County, Barings, and Procter &amp; Gamble, among others. A new epilogue written for this edition brings Partnoy’s story―as well as the story of derivatives―up to the present.

Biographies & Memoirs

Professionals & Academics

From the bestselling author of F.I.A.S.C.O., a riveting chronicle of the rise of dangerous financial instruments and the growing crisis in American business The still-unfolding financial story is terrifying. One by one, major corporations such as Enron, Global Crossing, and Worldcom are imploding all around us, prey to a greed-driven culture and dubious or illegal corporate finance and accounting. Our financial system has suddenly reached a perilous crossroads. In a compelling and disturbing narrative, Frank Partnoy brings to bear all of his skills and experience as a securities attorney, financial analyst, law professor, and bestselling author to tell the story of the rise of the trading instruments and corporate financial structures that now imperil the economic health of the country. Starting in the mid-1980s with the introduction of the first proto-derivatives, and taking us through such high-profile disasters as Barings Bank and Long Term Capital Management, Partnoy traces a seamless progression to today's dangerous manipulations. He documents how each new level of financial risk and complexity obscured the sickness of the company in question, and required ever more ingenious deceptions. The story becomes more alarming with each passing day, but Partnoy offers a clear vision of how we can step back from the precipice.

Infectious Greed: How Deceit and Risk Corrupted the Financial Markets

Finance

Times Books

“Readers are unlikely to find a more readable explanation of how the financial system has changed since the 1980s and who came unstuck.” —Financial Times The still-unfolding financial story is terrifying. One by one, major corporations such as Enron, Global Crossing, and WorldCom are imploding all around us, prey to a greed-driven culture and dubious or illegal corporate finance and accounting. We have reached a perilous crossroads. In a compelling and disturbing narrative, Frank Partnoy brings to bear all of his skills and experience as a securities attorney, financial analyst, and law professor to tell the story of the rise of the trading instruments and corporate financial structures that now imperil the economic health of the country. Starting in the mid-1980s, he documents how each new level of financial risk and complexity obscured the sickness of corporate America. Finally, Partnoy offers clear policies that can save our financial system.

Holt Paperbacks

Wait: The Art and Science of Delay

Skills

Blackstone Pub

At the height of the roaring '20s, Swedish émigré Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression.
Yet after Kreuger's suicide in 1932, the true nature of his empire emerged. Driven by success to adopt ever-more perilous practices, Kreuger had turned to shell companies in tax havens, fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products many of them precursors to instruments wreaking havoc in today's markets. When his Wall Street empire collapsed, millions went bankrupt.
Frank Partnoy, a frequent commentator on financial disaster for the Financial Times, New York Times, NPR, and CBS's 60 Minutes,” recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.

The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals

Historical

PublicAffairs

As the global financial crisis unfolds people everywhere are seeking to understand how markets devolved to this perilous, volatile state. In this dazzling and meticulously researched work of financial history, first published in 2003, and now thoroughly revised and updated, law professor and financial expert Frank Partnoy tells the story of how classical” Wall Street securities like stocks and bonds were quietly eclipsed by ever more quantum” products like derivatives. He documents how, starting in the mid-1980s, each new level of financial risk and complexity obscured the sickness of corporate America, and how Wall Street's evlving paradigm moved farther and farther beyond the understandingand regulationof ordinary investors and government overseers, leading inevitably to disaster.

See the best price to sell, buy, or rent books by Partnoy, Frank. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Partnoy, Frank

See the best price to sell, buy, or rent books by Partnoy, Frank. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

2004 Supplement to Corporations Law and Policy

Palmiter and Partnoy's Corporations: A Contemporary Approach (Interactive Casebook Series)

Corporations: A Contemporary Approach, 2d (Interactive Casebook Series)

F.I.A.S.C.O.: Blood in the Water on Wall Street

F.I.A.S.C.O.: Blood in the Water on Wall Street

Infectious Greed: How Deceit and Risk Corrupted the Financial Markets

Infectious Greed: How Deceit and Risk Corrupted the Financial Markets

Wait: The Art and Science of Delay

The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals

Infectious Greed: How Deceit and Risk Corrupted the Financial Markets