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Wheel, Deal, and Steal: Deceptive Accounting, Deceitful CEOs, and Ineffective Reforms by D. Quinn Mills

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Chapter 14. Restraining the Imperial CEO

“The finger of blame is pointing at dishonest executives and lax accountants. The wider balance of power between corporations, shareholders, and government is not even on the agenda.... The snag is that neither the President nor Congress shows any interest in tackling such a contentious issue.”[226]

Previous chapters have shown that the functions of the board of directors, the chief financial officer, and the chief human resources officer have each been corrupted in American business by today’s imperial CEO. Can effective reforms be made with the imperial CEO still in place, or are the board and top executives certain to be corrupted again by CEOs at the first opportunity?

American CEOs Have Too Much Power ...

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