Description
This concise, incisive account examines the forces behind the late-1990s market boom and the devastating crash that followed. It traces the era’s defining episodes—from the dot-com frenzy and leveraged buyouts to the telecom expansion and corporate scandals—while revealing how executive compensation, stock options, permissive auditing, Wall Street excess, and an unwavering faith in free markets helped create a culture of reckless risk. Rather than treating each crisis in isolation, the narrative connects them into a broader portrait of an age shaped by short-term thinking and the pursuit of shareholder value. Engaging and lucid, it offers a compelling explanation of how the optimism of the 1990s gave way to financial upheaval.
Available Editions
paperback
Penguin (Non-Classics)
Published Dec 28, 2004
288 pages
ISBN: 9780143034674
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Details
First Published
2004
Language
eng
Content Warnings
No content warnings identified.