Driven to the Brink

<p><em>Driven to the Brink</em>&nbsp;is a collection of short stories about corporate disasters and how inadequate governance and flawed culture caused a massive destruction of shareholder value.</p><p> </p><p>Look at any major corporate meltdown and two factors emerge: a failure of corporate governance and a culture where short-termism and greed are rewarded and risk is encouraged to flourish unchecked.&nbsp;<br> <br> Two years before the latest crash, Alicia Micklethwait co-wrote the best-selling&nbsp;<i>Greed and Corporate&nbsp;Failure&nbsp;</i>which examined some of the high profile corporate disasters of the early years of the 21st century. Sadly those lessons were forgotten. &nbsp;Companies have continued to be&nbsp;<i>Driven to the Brink </i>of disaster.&nbsp;<br> <br> Now, with co-author Patty Dimond, they examine what we must learn this time around. Drawing on in-depth case studies of the Libor scandal, Olympus, Co-op, Kids Company and others, Dimond and Micklethwait ask what have we learned and more importantly, what can we do to prevent these disasters from happening again?<br> <br> They also examine the large, emerging and less widely understood world of Corporate China with detailed discussion of the Lixel and Glaxo frauds.&nbsp;On a positive note, staying with China, they look at the story of Alibaba and ask is an ethical culture enough to protect shareholder rights?</p>