tailieunhanh - Managers and the Legal envỉoment

It is hard to imagine a time when law was more important to managers. The rapid growth of unregulated subprime mortgages and financial derivatives fueled a real estate bubble from 2001 through 2006, during which time executive compensation in the financial services companies soared. When the bubble burst in 2007, many executives of these companies walked away unscathed, leaving employees, stockholders, and taxpayers holding the bag. For example, Countrywide Financial Corporation CEO Angelo Mozilo sold almost $200 million of Countrywide stock while overseeing layoffs of more than 10,000 Countrywide employees and a loss of more than $20 billion in shareholder equity. The subsequent distress sale of Bear Stearns, the bankruptcy of Lehman. | Managers and the Legal Environment Strategies for the 2 1st Century Managers and the Legal Environment 6e Strategies for the 21st Century Constance E. BAGLEy Yale School of Management Diane W. Savage Stanford Graduate School of Business and Cooley Godward Kronish LLP SOUTH-WESTERN CENGAGE Learning Australia Brazil Japan Korea Mexico Singapore Spain United Kingdom United States SOUTH-WESTERN IW CENGAGE Learning Managers and the Legal Environment Strategies for the 21st Century 6e Constance E. Bagley Diane W. Savage VP Editorial Director Jack W. Calhoun Editor-in-Chief Rob Dewey Acquisitions Editor Vicky True Sr. Developmental Editor Jan Lamar Marketing Manager Jennifer Garamy Sr. Content Project Manager Tamborah E. Moore Managing Media Editor Pam Wallace Sr. Media Editor Kristen Meere Frontlist Buyer Manufacturing Kevin Kluck Production Service LEAP Publishing Services Copyeditor Patricia Lewis Compositor Macmillan Publishing Solutions Sr. Art Director Michelle Kunkler Cover and Internal Designer c miller design Cover Image Frederic Cirou PhotoAlto Agency RF Collections Panoramic Images Getty Images Inc. Rights Acquisitions Account Manager Text Margaret Chamberlain-Gaston Rights Acquisitions Account Manager Images Don Schlotman 2010 2006 South-Western Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or used in any form or by any means graphic electronic or mechanical including photocopying recording taping Web distribution information storage and retrieval systems or in any other manner except as may be permitted by the license terms herein. For product information and technology assistance contact us at Cengage Learning Customer Sales Support 1-800-354-9706 For permission to use material from this text or product submit all requests online at permissions Further permissions questions can be emailed to permissionrequest@ Exam View is a registered trademark of eInstruction Corp. .