Money Ain't Free: The True Cause of the Crisis in Corporate Responsibility

by Will Marshall

As their financial security, dreams and peace of mind became victims of the crisis in corporate responsibility, friends of investment banker, Wendy Stevens, sought her help in understanding what was... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0595297781
• ISBN13: 9780595297788
• Release Date: December 2003
• Publisher: iUniverse
• Length: 156 Pages
• Weight: 0.52 lbs.
• Dimensions: 0.4" x 6.3" x 9.1"

Customer Reviews

An insider look on the real causes and possible solutions

Expertly and knowledgeably written by Will Marshall (an experienced businessman whose corporate and financial expertise includes twenty years as Treasurer of the 2.5 billion Nalco Chemical Company), Money Ain't Free: The True Cause Of The Crisis In Corporate Responsibility is a hands-on, insider look on the real causes and possible solutions to modern-day crises in corporate fiscal responsibility. Portraying the financial woes of corporations as a far more complex problem than simply the blind greed of a few highly placed individuals, Money Ain't Free is a down-to-earth guide portraying its concepts via example for ease of comprehension. Informed and informative, Money Ain't Free is very highly recommended reading for non-specialist general readers wanting a more complete and comprehensive understanding of the current and continuing crisis in corporate management -- and what can be done about it.

Practical insight

The book provides useful insight into the motivations of management, advisors, accountants and other professionals. By "following the money", one can appreciate the motivation of individuals who can impact valuation and modify their approach to investing accordingly. The book is written in a conversationalist style that allows the layperson to stay engaged. A good, thought-provoking read.

A MUST READ BOOK FOR THE INVESTOR

THIS BOOK IS EASY TO READ AND OFFERS A FRESH APPROACH TO EVALUATING THE PERFORMANCE OF A PUBLIC COMPANY.IT IS A MUST READ FOR ANY INDIVIDUAL TRYING TO EVALUATE HOW TO INVEST THEIR HARD EARNED MONEY IN THE STOCK MARKET.THE AUTHOR POINTS OUT HOW OUR CURRENT ECONOMIC METRICS DO NOT PROPERLY EVALUATE MANAGEMENTS PERFORMANCE AND AS SUCH CAN MISLEAD INVESTORS.THE BOOK PROVIDES EASY TO USE METRICS FOR COMPANY PERFORMANCE AND MANAGEMENT EVALUATION.

Good Financial Guide

I enjoyed reading Will Marshall's "Money Ain't Free: The True Cause of the Crisis in Corporate Responsibility". It is thought provoking, timely, and educational. Part of the book outlines the problems with basic financial measurement systems and financial "distractions" and how those problems have created an environment in which recent financial scandals can take place. It argues for changes in those measurement systems and a new financial report - the "Valuation Statement" which would help investors more easily evaluate corporate performance. On this level, the book is a call to action for change in corporate governance and oversight. What takes the book to another level is Marshall's application of the lessons of Enterprise Value and their use in the selection of stocks. The basic premise is if you can calculate the Enterprise Value of a company and its projected rate of growth, you can identify undervalued - and overvalued - stocks with a much higher degree of reliability than using conventional methods. Unlike many books on finance, Money Ain't Free is written for the non-finance person, using a conversational style. The style may take a little getting used to, but the book is very readable. Both finance and non-finance people would benefit from the book. I would recommend it both to people who want to understand current events in the market and to those who are looking for tools to help them invest in the stock market.