Money For Nothing The Book

Money For Nothing By John Gillespie and David Zweig

 

How CEOs and Boards Enrich Themselves While Bankrupting America

Money For Nothing The Book

"Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions" is the best book on boards I have ever read, with details of board actions—and inactions—that would be hilarious if they were not so tragic. The authors understand that when a CEO talks about how "supportive" his board is, this is not a good thing. They understand that a board that cannot say no to the CEO on excessive pay is not going to suddenly become brave when it comes to approving strategy or overseeing the financial reports. "Even well-intentioned directors find themselves hopelessly compromised, badly conflicted, and essentially powerless." As gripping as a novel, this is by far the most thoughtful analysis I have seen of what went wrong, why it went wrong, and what to do to make it possible for boards to perform the functions our system depends on them to do.”

NELL MINOW, EDITOR AND CO-FOUNDER OF THE CORPORATE LIBRARY, CO-AUTHOR OF CORPORATE GOVERNANCE, FREQUENT CONGRESSIONAL HEARING WITNESS

Authors: John Gillespie and David Zweig