[Soltes] has done a great service with Why They Do It. Not only does he draw on psychological research to dissect the way white‑collar criminals think‑or fail to think‑before they act. But he also interviews several of the most famous white‑collar criminals of our time, among them, the corrupt lawyer Marc Dreier and the financial swindlers Allen Stanford and Bernie Madoff. He presents what he has found in a spirit of understanding rather than condemnation.”—Wall Street Journal
“[Soltes] takes a unique approach, looking for the connections between what motivated these men ‑ and yes, they are all men ‑ and asking not what they did but why they did it....Soltes creates some fascinating portraits.”—Washington Post
“This fascinating book reads like a fast-paced novel that details the motivations and consequences of white-collar crime.”—Arthur Levitt, former chairman of the US Securities and Exchange Commission
“A landmark study of business gone wrong.”—Andrew Lo, MIT School of Management
“A deep and important analysis of one of the most important and least studied problems of our times: corporate crime. But it is also a page turner.”—Luigi Zingales, University of Chicago
“A rare, intimate, and fascinating glimpse into the series of decisions, each one mundane enough, that lead by steps to high crime. Leaves you wondering, could it happen to you?”
—John Coates, former trader and author of The Hour Between Dog and Wolf
“Groundbreaking...[an] impressive debut...A forcefully developed and documented contribution to our further understanding of high‑level criminality in lightly regulated free markets.”—Kirkus
Rarely does a week go by without a well-known executive being indicted for engaging in a white-collar crime. Perplexed as to what drives successful, wealthy people to risk it all, Harvard Business School professor Eugene Soltes spent seven years in the company of the men behind the largest corporate crimes in history-from the financial fraudsters of Enron, to the embezzlers at Tyco, to the Ponzi schemers Bernie Madoff and Allen Stanford.
Soltes refutes popular explanations of why seemingly successful executives engage in crime. White-collar criminals, he shows, are not merely driven by excessive greed or hubris, nor do they usually carefully calculate the costs and benefits before breaking the law. Instead, he shows that most of these executives make decisions the way we all do-on the basis of their intuitions and gut feelings.
Based on extensive interaction with nearly fifty former executives, Soltes provides insights into why some saw the immediate effects of misconduct as positive, why executives often don't feel the emotions most people would expect, and how acceptable norms in the business community can differ from those of the broader society.
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Soltes refutes popular explanations of why seemingly successful executives engage in crime. White-collar criminals, he shows, are not merely driven by excessive greed or hubris, nor do they usually carefully calculate the costs and benefits before breaking the law. Instead, he shows that most of these executives make decisions the way we all do-on the basis of their intuitions and gut feelings.
Based on extensive interaction with nearly fifty former executives, Soltes provides insights into why some saw the immediate effects of misconduct as positive, why executives often don't feel the emotions most people would expect, and how acceptable norms in the business community can differ from those of the broader society.
Why They Do It: Inside the Mind of the White-Collar Criminal
Rarely does a week go by without a well-known executive being indicted for engaging in a white-collar crime. Perplexed as to what drives successful, wealthy people to risk it all, Harvard Business School professor Eugene Soltes spent seven years in the company of the men behind the largest corporate crimes in history-from the financial fraudsters of Enron, to the embezzlers at Tyco, to the Ponzi schemers Bernie Madoff and Allen Stanford.
Soltes refutes popular explanations of why seemingly successful executives engage in crime. White-collar criminals, he shows, are not merely driven by excessive greed or hubris, nor do they usually carefully calculate the costs and benefits before breaking the law. Instead, he shows that most of these executives make decisions the way we all do-on the basis of their intuitions and gut feelings.
Based on extensive interaction with nearly fifty former executives, Soltes provides insights into why some saw the immediate effects of misconduct as positive, why executives often don't feel the emotions most people would expect, and how acceptable norms in the business community can differ from those of the broader society.
Soltes refutes popular explanations of why seemingly successful executives engage in crime. White-collar criminals, he shows, are not merely driven by excessive greed or hubris, nor do they usually carefully calculate the costs and benefits before breaking the law. Instead, he shows that most of these executives make decisions the way we all do-on the basis of their intuitions and gut feelings.
Based on extensive interaction with nearly fifty former executives, Soltes provides insights into why some saw the immediate effects of misconduct as positive, why executives often don't feel the emotions most people would expect, and how acceptable norms in the business community can differ from those of the broader society.
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Product Details
| BN ID: | 2940171332648 |
|---|---|
| Publisher: | HighBridge Company |
| Publication date: | 10/11/2016 |
| Edition description: | Unabridged |
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