Copyright


Copyright

A Cataloging-in-Publication Data record for this book can be obtained from the Library of Congress.

Credits

Editorial/production supervisor: Faye Gemmellaro

Executive editor: Tim Moore

Editorial assistant: Richard Winkler

Marketing manager: Alexis R. Heydt-Long

Manufacturing buyer: Maura Zaldivar

Cover design director: Jerry Votta

Cover illustrator: Tom Post

Interior design director: Gail Cocker-Bogusz

2003 Pearson Education, Inc.

Publishing as Financial Times Prentice Hall

Upper Saddle River, New Jersey 07458

Financial Times Prentice Hall books are widely used by corporations and government agencies for training, marketing, and resale.

For information regarding corporate and government bulk discounts , please contact Corporate and Government Sales at (800) 382-3419 or corpsales@pearsontechgroup.com

Company and product names mentioned herein are the trademarks or registered trademarks of their respective owners .

All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.

Printed in the United States of America

10 9 8 7 6 5 4 3 2 1

Pearson Education Ltd.

Pearson Education Australia Pty, Ltd.

Pearson Education Singapore, Pte. Ltd.

Pearson Education North Asia, Ltd.

Pearson Education Canada, Ltd.

Pearson Educaci ³n de Mexico, S.A. de C.V.

Pearson Education ”Japan

Pearson Education Malaysia, Pte. Ltd.


Praise for Infectious Greed

"Whether or not you agree with the diagnosis and remedies, you can surely benefit from considering the clear, energetic presentation of these experienced academics ."

Michael G. Ferri
Foundation Chair in Finance, George Mason University/Former Vice President for Economic Research, Nasdaq

"Nofsinger and Kim have written a book that is both timely and important. Encompassing issues from boards of directors to accountants to analysts, it is a clear exposition and analysis of topics that have filled the front pages of daily newspapers for the last year."

Erik Sirri
Babson College/Former Chief Economist of the U.S. Securities and Exchange Commission

"This book should be compulsory reading for everyone in the investment industry. John Nofsinger and Kenneth Kim have laid bare the causes of the recent stock market bubble and crash, suggesting that the problem lies not only in the malfeasance of a few managers, but also in the whole system of corporate governance in America today. They go into the heart of American corporate culture and issue a stark warning that many things in that culture must change if investor confidence is to be restored and the economy to recover."

Morgen Witzel
Editor-in-Chief, Corporate Finance Review


FINANCIAL TIMES Prentice Hall

graphics/ftphlogo.gif

In an increasingly competitive world, it is quality of thinking that gives an edge ”an idea that opens new doors, a technique that solves a problem, or an insight that simply helps make sense of it all.

We work with leading authors in the various arenas of business and finance to bring cutting-edge thinking and best learning practice to a global market.

It is our goal to create world-class print publications and electronic products that give readers knowledge and understanding which can then be applied, whether studying or at work.

To find out more about our business products, you can visit us at www.ft-ph.com

graphics/logo1.gif