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Download Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions Audiobook

Extended Audio Sample Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions Audiobook, by John Gillespie Click for printable size audiobook cover
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (13 ratings) (rate this audio book) Author: John Gillespie, David Zweig Narrator: Mel Foster Publisher: Tantor Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: February 2010 ISBN: 9781400185535
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Of the world’s two hundred largest economies, more than half are corporations. They have more influence on our lives than any other institution, but while boards of directors are supposed to police CEOs and provide independent leadership, they have become enabling lapdogs rather than trustworthy watchdogs. As America contends with the worst economic crisis since the Great Depression, all eyes are turning to the corporate leaders who have perpetrated such egregious failures, padding their own pockets with grossly inflated pay packages even as their businesses fall to ruin, asking, “How could things have gone so terribly wrong? How could the stewards of American business—who are supposed to be the gold standard of the global economy—turn out to be so incompetent?”

Taking readers right into the boardrooms and behind the scenes of the lavish C-Suites, John Gillespie and David Zweig have interviewed a host of upper-echelon managers and board members at leading companies, from Exxon and Citigroup to Home Depot and Countrywide, to shine a glaring light on the club-like culture of the business elite. The book reveals just how the machinations of good governance have broken down, replaced by a compromised system plagued by greed and see-no-evil culpability, and also reports on a handful of pioneering companies who are bold leaders in corporate reform, offering powerful proof that the system most certainly can be fixed.

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Quotes & Awards

  • “The authors offer a valuable new perspective by focusing on the tragicomic miscues of the people who were ostensibly meant to ‘govern’ out-of-control managements.”

    New York Times

  • “Both thoughtful and lively, this is a fascinating discussion of a little-seen force in corporate America.”

    Publishers Weekly

Listener Opinions

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Walker*Management*Library | 10/12/2011

    " Recommended by Professor Bruce Barry "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Expose Austin Texas Duty To Care For Others | 11/3/2010

    " The most comprehensive and expansive book on irresponsible boards of directors who have persistently been rewarded to fail at their jobs. "

  • 1 out of 51 out of 51 out of 51 out of 51 out of 5 Noah | 10/11/2010

    " This is a classic example of a perfectly good 4000-word magazine article that has no business being a book. The top-level points are fine, but they dwell on each for way too long and with too many examples. There isn't even 100 pages of real material here, let alone 300+. "

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About the Author

John Gillespie worked as an investment banker with Lehman Brothers, Morgan Stanley, and Bear Stearns for eighteen years. He also served as executive vice president and CFO for the Mentor Network, a nationwide health care company with 24,000 employees.

About the Narrator

Mel Foster is a prolific audiobook narrator, having read dozens of titles throughout his career. He is the recipient of the prestigious Audie Award, as well as the AudioFile Earphones Award. A former advertising agency executive who used to record test tracks for commercials, his narration career was born out of encouragement from his clients who would often say, “why are we hiring someone else? I like this guy.”