Appendix . From the Authors

American business and its leadership have been the focus of my research and publishing for half a century. As both a researcher and consultant, I have been “inside” perhaps 40 or 50 companies, and I have a reasonable familiarity with the dynamics of management and organizations. Being a professor at Columbia University’s Graduate School of Business also gave me some familiarty with New York’s powerful banking institutions.

I never viewed America’s enterprise system as representing perfection, but I respected the energy and intelligence with which most executives conscientiously sought to contribute to the growth of their companies.

I was unprepared for Enron, the scope of the malfeasance and the number of well-trained ...

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