'Sparkling ... a breathtaking chronicle of greed and stupidity on an operatic scale ... a compelling portrait of corruption on the scale of the last days of Rome..'Robert Peston
First published in 2003,Infectious Greedexamined how our greed-driven culture led to the generation of massive profits, but also to unprecedented levels of risk, widespread deception, and high profile disasters like Enron and Worldcom. In the wake of the 2008-9 financial crisis, Partnoy's analysis of how major companies obscured the reality from shareholders by disguising risk and side-stepping regulations, is more pertinent than ever. Beginning in the mid-1980s with the introduction of the first proto-derivatives, Partnoy gives an intelligent and thorough account of the dangerous manipulations that have and continue to come to light.
Frank Partnoy is the George E. Barrett Professor of Law and Finance at the University of San Diego School of Law. His books includeF.I.A.S.C.O., Infectious Greed, and The Match King.His next book,Wait, will examine snap decision making. Professor Partnoy writes regularly forThe New York Timesand theFinancial Times, and has appeared on numerous media programs, including60 Minutes,The NewsHour, andThe Daily Show with Jon Stewart. He has degrees in mathematics and economics from The University of Kansas, and a J.D. from Yale Law School.
'A sweeping account...Exemplary', William Leith, Evening Standard
'Partnoy's account of what happened within these companies will send a shiver down the spine of anyone with a humble investment in a unit or investment trust', The Scotsman
'Illuminating ... Partnoy tells a complicated story with verve and clarity.', Sunday Telegraph