Managing RiskPhillip L. Zweig
In recent years, the American corporate landscape has been littered with risky financial bets that went awry: Bum real estate loans. Defaulted junk bonds. Rogue brokers at Prudential Securities Inc. and traders at Kidder, Peabody & Co. Troubled mortgage-backed securities portfolios. And most recently, millions of dollars of losses from imprudent investments in derivative exotica by Procter & Gamble, Gibson Greetings, and Piper Jaffray, to name a few.
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