Today's global financial scandals are endemic, encompassing many of the world's largest and most respected "blue chip" companies. Reform efforts have only scratched the surface. In this compelling and readable book, Harvard Business School professor D. Quinn Mills shows investors exactly how the financial frauds work, where the money goes, why fraud continues, who's to blame, and what can be done about it. Mills explains how imperial CEOs continue to mislead and steal from their investors -- and how the checks and balances intended to protect investors continue to fail. He details reforms that will realign the interests of stockholders and executives, and fix the failed system of incentives that has promoted massive corruption in companies, investment institutions, and auditors alike. Mills also offers specific steps small investors can take right now to protect their remaining assets -- and, in some cases, even recover losses. This book complements Mills' 2001 book, Buy, Lie, and Sell High, in which he exposed and explained the frauds associated with massive financial losses that occurred as a result of the Internet stock bubble.

今天的全球金融丑闻是流行的，包括许多世界上最大和最受尊重的“蓝筹股”公司。改革努力只是表面上的一层。在这本引人注目且可读的书中，哈佛商学院教授D。昆米尔斯向投资者展示了金融欺诈的运作方式、资金流向何处、欺诈为何继续、谁该责怪、以及如何应对这些欺诈行为。米尔斯解释了帝国CEO们如何继续误导和窃取投资者——以及旨在保护投资者的制衡措施如何继续失败。他详细介绍了改革，这些改革将重新调整股东和高管的利益，并修正失败的激励制度，这些制度促进了公司、投资机构和审计机构的大规模腐败。米尔斯还提供了小投资者目前可以采取的具体措施来保护他们的剩余资产，在某些情况下，甚至可以收回损失。这本书补充了Mills 2001年的书《买入、谎言和卖出高》，他在书中揭露并解释了互联网股票泡沫导致的巨额金融损失的欺诈。