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  • © 2004

Risk Management

The Bottleneck is at the Top of the Bottle

Palgrave Macmillan

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xiii
  2. Management’s Responsibility Towards the Shareholders

    1. Front Matter

      Pages 1-1
    2. Mismanagement and the Firing of a Bad CEO

      • Dimitris N. Chorafas
      Pages 24-39
    3. Creative Accounting, EBITDA, and Core Earnings

      • Dimitris N. Chorafas
      Pages 40-57
    4. The Misleading of Investors

      • Dimitris N. Chorafas
      Pages 58-77
    5. Top Management Pay and Options

      • Dimitris N. Chorafas
      Pages 78-94
  3. A Highly Leveraged Company, its Trades, its Accounts, and its Banks

    1. Front Matter

      Pages 113-113
    2. Enron: The End of an Empire

      • Dimitris N. Chorafas
      Pages 115-133
    3. Assigning the Blame for the Enron Débâcle

      • Dimitris N. Chorafas
      Pages 134-150
    4. The Bankers of Enron

      • Dimitris N. Chorafas
      Pages 151-170
    5. Trading and the Risks of Derivatives Exposure

      • Dimitris N. Chorafas
      Pages 171-191
  4. Problems don’t Disappear because they are Ignored

    1. Front Matter

      Pages 213-213
    2. Case Studies of Banks which are Finding the Going Tough

      • Dimitris N. Chorafas
      Pages 215-231
  5. Back Matter

    Pages 232-241

About this book

The author outlines the reasons why management risk must be examined within the perspective of each company's business challenges. He suggests there is a synergy between shareholder value and business ethics. He also underlines the importance of honesty, the risks associated with short-sighted management and over-centralisation, the benefits of innovative strategies and senior management's accountability for reliable financial reporting. The text is based on an extensive research project done by the author between 2000 and 2002 in the US, the UK, France, Italy and Switzerland.

About the author

Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, translated into several languages world-wide.

Bibliographic Information

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access