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Binding: Paperback
Dewey Decimal Number: 658
EAN: 9780812966251
ISBN: 0812966252
Label: Random House Trade Paperbacks
Manufacturer: Random House Trade Paperbacks
Number Of Items: 1
Number Of Pages: 336
Publication Date: April 13, 2004
Publisher: Random House Trade Paperbacks
Release Date: April 13, 2004
Studio: Random House Trade Paperbacks
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Editorial Review:
Product Description:
With a new Afterword by the author and a new Foreword by Mark Cuban
In this commanding big-picture analysis of what went wrong in corporate America, Alex Berenson, a top financial investigative reporter for The New York Times, examines the common thread connecting Enron, Worldcom, Halliburton, Computer Associates, Tyco, and other recent corporate scandals: the cult of the number.
Every three months, 14,000 publicly traded companies report sales and profits to their shareholders. Nothing is more important in these quarterly announcements than earnings per share, the lodestar that investors—and these days, that’s most of us—use to judge the health of corporate America. earnings per share is the number for which all other numbers are sacrificed. It is the distilled truth of a company’s health.
Too bad it’s often a lie.
Alex Berenson’s The Number provides a comprehensiv, brutally factual overview of how Wall Street and corporate America lost their way during the great bull market that began in 1982. With wit and a broad historical perspective, Berenson puts recent corporate accounting (or accountability) disasters in their proper context. He explains how the wheels came off the wagon, giving readers the information and analysis they need to understand Enron, Tyco, WorldCom, Halliburton, and the rest of the corporate calamities of our times.
Average Rating: 
Rating:  -
I wrote this review in late 2007 for a class:
Greed. Unparalleled greed. One might assume from the title of his book that Alex Berenson wrote a mathematical treatise. He did not. The Number is a study of how independent, rational investors can and do throw their experience to the wind in a desperate money-grab, couched in business suits and financial statements, but unremoved from a freewheeling gold rush. Berenson writes in a comfortable, easy style refined through editorial experience ... Read More
Rating: -
Alex Berenson does a really good job and I highly recommend this book. I really enjoyed this book. Some really good analysis. A very good book from an investing and corporate market standpoint. A really good insight into economic fallout.
Rating: -
this book was an interesting read, and tripped me out at some points. The guy definitely did his research.
Rating: -
Alex Berenson has done the public a huge public service with this book. He clearly and logically describes serious problems with the US Stock markets, based on corporate avarice, greed and cowardly, dishonest politicians. His sections on the creation then the gutting of the SEC are perceptive and insightful. His overview of the decline of corporate accounting standards, led by the big US accounting firms, including, of course Arthur Anderson give a clear picture of the problems and what needs to be ... Read More
Rating:  -
A book about accounting written by a nonaccountant. A waste of your time and money. My copy went into the trash.
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