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Related Subjects: George Gregory Griffith Grant Gray Grey Green Greene Gaines Gilbert Gallagher Gibson Garcia Gordon Goldsmith
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Collectible price: $15.75

MacLean at His BestReview Date: 2007-01-01
a maritime master pieceReview Date: 2002-02-02
Spys Under the Big TopReview Date: 2000-09-02
Being for the Benefit of Mr. BReview Date: 2005-05-04
It turns out that the circus plays as a backdrop for a secret CIA mission. Believe it or not, but the agenda in this tale is about an incredible circus performer recruited by the CIA to break into a prison (that the circus "moves" next to) to steal -- as the back of the book explains -- "a formula capable of annihilating the earth itself." Sure enough, MacLean was like the Crichton of the 70s and managed to weave an entertaining yarn around the idea of anti-matter (certainly not new in 1975).
MacLean refrains from delving too deeply into describing anti-matter or how this formula will end up being used. His somewhat amusing approach to it takes place as a discussion between semi-ignorant CIA agents and Bruno, the acquired circus performer, all of whom are frightened by the power of anti-particles.
As the title may suggest, the book is a slight deviant from other MacLean adventure tales, but I rank it up there among his best works. The book is full of extremely original death scenes that, despite being accustomed to MacLean's formulas, took me completely by surprise. There are more twists in the last chapter than there are in some of his better books, and MacLean pulls it off realistically, and without creating a convoluted mess.
Keep an eye out for Carter. While no first name is ever given, he is the doppelganger cameo of Chief Officer John Carter of MacLean's "The Golden Rendezvous." (MacLean has done this with other characters throughout his novels.)
Another great Thriller by the Master!Review Date: 2001-01-07

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NostalgiaReview Date: 2007-12-15
Cleveland's National Air RacesReview Date: 2006-03-28
Thomas G. Matowitz, Sr., a Proud Pop
Cleveland's Historic Air RacingReview Date: 2006-04-26
Awesome Photographs Documenting HistoryReview Date: 2006-04-11
One of the big time air races was held at what was then the world's largest airport, the Cleveland Municipal Airport. From 1929 to 1949 the world's fastest planes came to Cleveland every Labor day.
In order to make their planes ever faster all kinds of improvements were made in their design. Here retractable landing gear was proven to make planes faster. The photographs show the development start with the first bi-plane racers. Here new planes were flown in to be shown to the world: the brand new DC-2; the radial engined Curtis P-36, soon to be re-engined with an Allison V-12 and become the P-40; the brand new Douglas B-18, scheduled to become the main bomber of the Air Corp; and its replacement the Y1B-17; Seversky P-35s, which with a company name change and a few modifications became the Republic P-47; Grumman F3F-2 fighters, the last biplane flown by the Navy and Marines. And later on, Corsairs and P-51s; and the shape of things to come, the P-80.
This is a remarkable collection of photographs, some of which are said to have never been published before. It's an awesome collection of a couple of hundred pictures.
Matowitz produces another thrillerReview Date: 2006-04-01
In fact Matowitz's new book has national appeal as it delves into the fascinating minute of the famous Cleveland National Air Races of the 30's and 40's. This author/pilot has scared up important photographic documentation of this aviation pinnacle and has written some of the most well-researched and humane copy and cut lines I seen in quite a spell. Matowitz is a name Ohioians, and others, will hear again. A must for aviation fans of all stripes.


Valuable Information!Review Date: 2005-08-08
Based in clinical experienceReview Date: 2004-03-14
Another positive for the book is that besides the same old tired herbs that everyone is talking about in natural food stores, the lesser known herbs that competently trained clinicians are actually using are also covered. This provides a wider range of options for clinical work and offers clinical insights into Anemopsis (Yerba Mamsa), Bupleurum, and Opuntia (Prickly Pear), and other lesser known herbs.
There is also a toxicology section that covers such herbs as Lobelia inflata, Artemesia absinthium (wormwood), Piper methysticum (kava) and the pyrolizidine containing herbs such as Symphytum officinalis (comfrey). The relative toxicity (or lack thereof) besides the political issues of such herbs are discussed. This is a unique addition to modern books on botanical medicines.
Clinical Botanical Medicines with its four parts;
I Treatment or Prevention of Specific Disorders
II Special Formulas
III Specific Herbal Medicines
IV Issues in Botanical Medicine
targets the medical professional seeking a practical but researched-based approach to using herbal medicines.
Excellent addition to the herbal libraryReview Date: 2005-08-03
The authors of this book are carrying on the traditions of received from their teachers, some of the great scholars of herbal medicine; Michael Moore, Silena Heron, and James Duke.
treasured new resourceReview Date: 2004-02-14
INVALUABLE SOURCE! Well worth the price.Review Date: 2004-10-03
This book does a great job at providing information for clinicians by clinicians! Being a student of botanical medicine I also found the reccommendations of some quality educational programs in the Appendix useful. I have found this book to be stimulating and inspiring.
In short, if you are interested in botanical medicine, it is in your best interests to make an effort in obtaining this awesome book.
Herbaceously,
Gabriel Maroney

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IncredibleReview Date: 2007-07-04
Simply MagnificentReview Date: 2004-05-17
The Best Collection of Chesterton's Catholic ApologeticsReview Date: 2007-09-25
An Intelligent Guide of Reason, Tradition, and CatholicismReview Date: 2006-12-11
One of the arguments that Chesterton uses in these essays is that Catholic ideas and tradition have lasted while "modern" fads have quickly become dated. One of the agruments that Chesterton uses against Puritanism is that in the early 20th. century, Puritanism was something that no reasonable person would touch with "a barge pole." One of Chesterton's theses in this book is that while Catholcism has remained consistent for 2,000 years, Protestantism has become passe and has changed into meaningless modernism.
Chesterton has an interesting comment on page 280. To paraphrase part of this page, Chesterton remarks that modern Protestantism has replaced predestination with suggestion. The Catholic theologians have defended the Faith (The Catholic Faith) with reason. Along these lines, Chesterton effectively argues that Catholic authorities and theologians helf the beliefs of the Faith in a careful balence. The Protestants and modern agnostics have distorted both their own ideas and concepts by exaggerating parts of religion at the expense of everything else. This has led to distortion.
Chesterton gives reasons for his conversion to Catholicism. He proceeds to explain why other ideas and religious views were not reasonable. He also explains the distortions historians have made regarding the Faith. Chesterton's own intellectual curiousity led him to the Faith which he viewed as more sane and more reasonable.
Chesteron demonstrates historical insight in this volume. This reviewer gets the impression that Chesterton is holding something in reserve in making his historical arguments. He may have been inviting his critics to question his historical knowledge whereby he would give the historical details and knowledge. Readers should note that Chesterton was very knowledable of history.
Another interesting aspect of this book is Chesterton's concern over distoritions of language. He comments that some of the moderns were demanding a universal language and that they got was "journalistic jibberish." Chesterton remarks that Europeans had a universal language-Latin. Chesterton remarks that Latin was a precise language which had been neglected in favor of bad thinking and poor writing.
Chesterton did not engage in ad hominem arguements and was usually generous to his critics. He did not object to comments about his size and appearance. He could laugh at himself. Yet, he offer fierce cefesne of truth and honesty when they were attacked.
Volume III of Chesteron's works is well worth reading. As this reviewer wrote before, some may consider me as skeptic. However, Chesterton's writing, knowledge and reason is enough to make anyone pay attention and read his books to learn and to understand clear thinking.
The undiscovered ChestertonReview Date: 2006-01-31
My introduction to these books came in the brief overviews in Dale Ahlquist's G.K. Chesterton: Apostle of Common Sense, which whetted my appetite to read them. One in particular stood out: "The Catholic Church and Conversion." As with Orthodoxy, it's a lively book with a dull title. I was shocked reading his account of the three stages of conversion: 1. Patronizing the Church, 2. Discovering the Church, 3. Running from the Church. But for me, the book was full of shocks of recognition.
I generally don't like Omnibus type volumes such as the Collected Works, and would like to see Ignatius issue this book on its own, but if this is the only way to read it, I highly urge curious readers to obtain this Ignatius edition (Volume Three of the Collected Chesterton). All of the books in this volume were originally issued individually nearly a century ago, and are eminently worth reading. One of them is interesting because GKC wrote it late in life, and reviews some of the ideas in his earlier books. Were these books available individually now, they no doubt would all have reviews on Amazon. As with Orthodoxy, this volume showed me that Chesterton's non-fiction can be as startling and fresh as his fiction.

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awesomeReview Date: 2005-09-22
One of the great classicsReview Date: 2001-08-31
Far ahead and away from conventional Astrology - must readReview Date: 2006-05-28
I find this book very useful to those who are interested in advanced tools and techniques. It has been giving me lot of light and clarity, always leads closer to the truth. Reinhold Ebertin has simplified `Cosmobiology' so well that anyone who has little more patience and strong love for Astrology would understand and use this book intelligently.
I feel it is matter of pride to have this book in library. If you have this book handy, you need nothing more!
Regards,
Bhavesh N. Pattni
IndispensibleReview Date: 2005-11-02
Planetary Energies CombinedReview Date: 2005-08-06
Ebertin gives psychological correspondances (pos & neg), as well as the sociological & biological correspondances for all pairs of planets as well as each planet with Asc, Mc, & North Node. Each planetary position, plus Asc/Mc/NN placements are given by sign and house.
'Probable manifestations' are listed for each combo, & you will find some basic info for every planet--also the psychological, sociological, & biological correspondances for them (which are useful for medical questions, too. Ex: Uranus = pituitary gland, Neptune = pineal gland...that sort of thing).
Much knowledge in a small package--definitely a gem!

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A must read. Common Sense is no longer very common.Review Date: 2008-07-03
The finest introduction to one of the finest thinkers...Review Date: 2007-03-25
Dangerous and delightful indeed. In this unusually written but suprisingly well executed book, we see the genius of Chesterton at work on nearly every level. From poetry to capitalism to catholicism Alhquist extracts and applies the Chestertonian "essence" almost as if he were the man himself. He does this through substantial (but not overbearing) excerpts from Chesterton's volumous writing and careful commentary.
Alhquist seemingly pulls off the impossible: He offers a comprehensive introduction to Chesterton, includes enough direct excerpts from Chesterton's writing to effectively convey his wit and stytle, manages to apply his thinking to the present era, and does it all in under 300 pages. A remarkable feat.
Whether you come to Chesterton from his Father Brown fiction or from 'Orthodoxy' there is something for everyone here. I was repeatedly suprised by his timeless wisdom and grace. Of the half-dozen books I've read about Chesterton, Ahlquist's is the most well-rounded and interesting.
Highly recommended.
Common sense 101 for non atheistsReview Date: 2008-01-07
Does anyone remember laughter?Review Date: 2007-12-06
As with Ahlquist's earlier book, The Apostle of Common Sense, this book is collected from TV shows that played on EWTN. However, the reaction I continually had when watching the first series on video was "Ah! Let me write that down!" The great thing about that book (and this one) is that it is written down. Not only that, the book ends with a biography of all the books by Chesterton, with brief and very helpful annotations (notes) on each book. Most of the Chesterton I've read I found out about either from Dale's other book or his notes on books sent out by the American Chesterton Society, of which he is president.
In between these two bookends, as it were, I expected quotes from GKC, but it's more than that, with our host providing what are likely slightly revised transcripts of the shows. So you get a cornucopia of Chesterton, with footnotes of where it came from so you can track down those books, but also Dale's engaging writing. In my view, he is the Boswell if Chesterton is Johnson. It's as if he were introducing us to a particularly zany uncle or grandfather who afterwards we can not wait to visit.
Rock savvy readers will place my title as a spoken aside from "Stairway to Heaven", but this book gives the answer. "Angels can fly because they take themselves lightly," quipped GKC. For all his poundage, so did he. Ahlquist invites us to that forgotten realm where easy laughter is part and parcel of common sense.
Outstanding.Review Date: 2007-04-03
What Ahlquist has done here is remarkable. He was taken Chesterton's thoughts, and often his words verbatim, and put them together in one volume that is cohesive and addresses our age. It is an easy, but riveting, read that hooked me right from the beginning. If you are a serious Catholic, rest assured, any thought you have EVER HAD, is likely not original. Chesterton already had it; eighty years ago. He is prophetic, correct, and intimidating. After reading Chesterton you would not be alone if you concluded that no further apologetics for the faith were necessary. If people of good will read Chesterton, they will become Chestertonian Catholics.
This is a great introduction to Chesterton's thought. If one is interested in reading Chesterton, I would start with this book, and Ahlquist's "Apostle of Common Sense." Then, I would dig headlong into the master himself.

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GREAT!Review Date: 2008-02-08
Excellent Narrative About an Overlooked Battle!Review Date: 2003-01-25
The author packs the title with descriptive actions of the 1st and 2nd Battles of Fort Fisher and interesting anecdotes of several of the major participants. Particularly interesting were the descriptions of William Lamb, William Whiting, Braxton Bragg, Admiral Porter, Alfred Terry, Benjamin Butler, and several colonels and other officers. Gragg is also careful to point out the heroic sacrifices of several noncommissioned officers, privates, and black troops who served in the battle.
Gragg's book is well-balanced: an interesting read without being simplistic. The only complaint I have are the few maps in the book - a few more would have made Gragg's book even more enjoyable.
All in all, an excellent read! As a North Carolinian, I'm glad to see excellent books on Civil War battles in our great state. Oftentimes when North Carolina is mentioned in Civil War history, the emphasis is on the large number of troops who sacrificed their lives and physical well-being during the conflict.
Read it!
If you liked the book...Review Date: 2005-10-28
The best book I've seen on the two battles of Fort Fisher.Review Date: 2005-09-15
Some of the most interesting characters of the Civil War participated in at least one of the battles. William lamb was 29 years old when he finished building the fort. Young Lamb had a keen interest in military history. As a young boy of twenty in the mid-1850s, Lamb became captivated by a farawy war that was then being waged between Russia, Great Britain, and France. Fisher's design and physical features drew praise from her Federal captors-and more than a few references were made to the Russian fortress of Malakoff (a defensive bastion at Sebastopol that had greatly influenced Lamb's efforts to strengthen Fort Fisher)that was built during that war.
The First Battle effectively ended the military career of Union General Bejamin Butler, a "Political General" who was a constant headache for both the Lincoln Administration and any Commander to whom he was a subordinate. The Failure to capture the Fort after a sucessful amphiboious landing was the final nail in his coffin and he did not receive another command during the war.
Is there a Confederate defeat outside of Gettysburg and Petersburg that does not have the hand of General Braxton Bragg somewhere behind it? Bragg was in command in Wilmington instead of being cashiered after Missionary Ridge mainly because he was friends with Jeff Davis. Bragg did not send reinforcements to the fort that would have cut off Banks' invaders.
Alfred Terry was in command of the second attempt to storm the fort in January 1865. One of the lesser known of Grant's favorite lieutenants, he is better known as the scapegoat of Custer's Last Stand.
Lt. William B. Cushing USN was a precursor of the Navy SEALS. He had many special forces operations during the war including the sinking of the CSS Albemarle with a mine and doing soundings in a rowboat off Fort Fisher while under fire.
Gragg's book was a page turner for me even though I knew the outcome beforehand and I would reccomend it to Civil War enthusiasts everywhere.
UPDATE: 02/14/2006. NC Educational Television ran a television adaptation of the Book last week featuring a recreation of the two invasions of Ft. Fisher. It really helped bring the book to life.
"Such fighting was never seen before, I believe."Review Date: 2005-05-12
Of course, there were also infamous morons on the Union side, like Gen. Benjamin Butler, known as "Beast Butler" for his notorious policies during the Union occupation of New Orleans. It was Butler's fault that the first assault of Fort Fisher in late 1864 ended in a near disaster for the Union army, after which he was finally relieved of command. The second Union attack which would take place in Jan. 1865 was to be better planned and had far better officers in command (this time Gen. Terry was to be in overall command). Still, even after days of bombardment from the Union navy, the fort proved to be a tough obstacle for the 10,000+ attacking force, which included over 2,000 sailors and marines.
The sailors and marines attacked one side of Fort Fisher while the thousands of well-armed infantry attacked the other side of the fort. The sailors and marines were bloodily repulsed (one in every five was a casualty) while the infantry slowly fought their way into the fort. Col. Lamb had fewer than 2,000 men but he made the enemy pay dearly for every foot of ground they gained. Finally, six hours after the assault began, the fort finally fell. The Union dead were actually in piles (some estimate as many as 1,710 were killed or wounded in both battles at Fort Fisher) around the fort, and the Confederates also suffered heavy losses, with aprox. 600 killed or wounded during both battles.
Rod Gragg told the story of Fort Fisher in a gripping and entertaining way and he's one of my favorite authors. In fact, his book _The Illustrated Confederate Reader_ was one of my very first Civil War books, bought when I was 8 years old! This book has several great maps and two sections of photos, showing both the main Union and Confederate officers involved in the battle as well as photos of the fort itself. Captain Towle, one of (Union) General Terry's staff officers, perhaps summed up the battle best. "The fort never surrendered to anybody. It was taken by Gen. Terry by force of arms after a long and desperate resistance which did honor to both sides." This book is an absolute must for any Civil War buff!


A great book for all shareholdersReview Date: 2008-05-29
Delights and InformsReview Date: 2008-04-01
For example, he points to the role of Douglas Ginsburg, a leader in the field of law and economics, in instilling a belief that it is okay for corporations to violate environmental laws, as long as they account for possible sanctions in their budget. Under Ginsburg's view, according to Monks, people aren't motivated by moral or social obligation but by simple desire and cost-benefit analysis.
Then there is Bob's analysis of Lewis Powell's court decisions. His finding of a constitutionally protected right to "corporate speech" provided the judicial framework for management "to commit untold corporate resources to influence public opinion and public votes - resources so huge and unmatchable that individual contributions are now all but meaningless in state and nationals elections."
And, of course, the Business Roundtable holds a special place in Bob's heart. The "BRT has come to function in significant part as an agent for the CEOs...who have established themselves as a new and separate class in the governance of American corporations, answerable to virtually no one, accountable only to themselves."
Monks appears to be a believer in the forces of markets but regulated to ensure a level playing field. Without that, the overall effect has been to turn the stock market into "a gigantic, round-the-clock casino that runs the biggest game the world has ever seen." Market values and goals have become national goals. Corpocracy is another top-notch effort from the individual who continues to have greater lasting impact on the field than anyone else. Still, I would have placed a different emphasis in the "How to Get it Back" portion of the book.
Monks may be A Traitor to His Class, but he is also a gentleman, reluctant to force change. In his flights of fantasy, Bob dreams of a president who will use his/her powers to end conflicts of interest and compel good governance in contractors. "The framework is in place. The laws exist," he insists. Yet, two pages later he notes the need for legal changes. He reminds us the First Amendment "was not meant to protect the Church from government intrusion, but rather to protect the government... We need similar protection today from the dominant institution of our own time, the corporation."
How can we get shareowners to think of themselves as long-term owners rather than as betters at what Bob calls the biggest casino the world has ever seen? If they know they are owners, what tools can we make available so that voting is not only easier but also more intelligent?
While Bob's focus has been on institutional investors, retail investors also deserve attention. There are dozens of efforts underway. Here are four worthy of further attention:
* Facilitate the ability of proxy assignments, so that retail investors can vote by brand...like CalPERS, Domini, TIAA-CREF, or Fidelity.
* Andy Eggers' Proxy Democracy system would allow retail investors to discover how trusted institutions are voting.
* Glyn Holton's idea of a proxy exchange would allow retail investors to assign proxies to an intermediary that would find like-minded voters.
* Collectively Paid Proxy Research, based on the ideas Mark Latham laid out in Proxy Voting Brand Competition builds off Monks' ISS idea but eliminates the "free rider" issue.
Captain Ahab Pursues the Great White Whale of CorpocracyReview Date: 2007-12-26
So what does Bob Monks have to tell us at a time when the conventional wisdom is that corporate governance activists have triumphed and managerial discretion has been constrained? As usual, his views are counter-intuitive: Corporations are today beyond shareholder control and dominate the political process, emasculating meaningful regulation. Many of his assessments are tart, pungent and disenchanted: "the SEC has become an advertisement for the mandatory sunset of government agencies" (p. 167); today, "we are . . . under the thumb of a corporate oligarchy, bent on plundering and unchecked by any effective ownership," (p. 191); "without effective regulation . . . and without institutional pressure to reform, most corporations - and the largest among them - will loot their own resources to enrich the very few at their helm" (p.186). Basically, he views corporations as self-perpetuating hierarchies in which boards are manipulated by senior executives.
These assessments will seem unduly harsh to many of us, but this is a work of advocacy. Like Emile Zola writing "J'Accuse" in defense of Captain Dreyfus, Monks is not worried about overstatement. Still, if Bob Monks is not always fair, he is often fascinating. The strength of this book is not the nuanced subtlety of its judgments, but its description of life on the cutting edge of corporate governance - how it is actually practiced.
Prescriptively, Bob Monks focuses more on shareholders than boards. He seems most annoyed with his own alma mater, Harvard, and similar foundations for their passivity as investors, and he is similarly critical of "socially responsible investors" who have strong prophylactic rules for what corporations may not do, but exercise little oversight over how they do what they may do.
Monk's greatest concern is the sheer power of the "corpocracy." The danger is clear and present in his view that corporations, organized through groups such as The Business Roundtable, can dominate the political process and thwart the democratic majority. This book was written before the SEC in late 2007 rejected proposals for greater shareholder access to the proxy statement - a decision which he would no doubt cite as proof of his hypothesis. In truth, fear of corporate power is a recurrent theme in the classic literature of corporate governance. As he well knows, seventy five years ago, Adolf Berle and Gardiner Means concluded their book, The Modern Corporate and Private Property, with a warning that the power of the corporation was coming to rival that of the state. But then came the New Deal, and a wave of regulation.
Writing at the end of the Bush Administration, Bob Monks is similarly positioned to Berle and Means, who wrote in 1932; each warned about excessive corporate power after an era of rampant deregulation. But will the world look the same in five more years? Who knows? Ironically, the latest development may be the appearance of major corporations in China, Russia and elsewhere that are clearly puppets of the state. Sovereign wealth funds similarly show that globally the balance of power between the state and the private corporation may be shifting towards the state.
Still, if Bob Monks has not charted the future in all its complexity, he describes the excesses of the present with passion and anger. "Corpocracy" is a call to arms to investors to forego passivity and protect themselves. In essence, he is saying: "Shareholders, arise; you have nothing to lose but your chains."
An Authoritative Report!Review Date: 2008-02-06
"Efficiency," without regard for externalities (eg. pollution, off-shoring American jobs), using "GWAP" reporting (Gee, Whatever Accounting Principles), surrounded by board member, accounting firm, pay, board-evaluation consultant, and stock analyst conflicts of interest, fortified by think-tanks funded by corporations, and beyond accountability via ending the "one share, one vote" rule - their top leaders enjoy scandalous pay and retirement packages, without regard to organizational performance.
At they same time today's corporations are expanding their realms by privatizing government roads, health care, and warfare functions, in the supposed name of efficiency - while actually usually costing more, providing lower service levels, and/or even less accountability. (Helping vitiate a key Democrat-party base of government workers, and gaining increased lobbying influence are additional benefits.) Other government "benefits" today's organizations enjoy include toothless law and regulation enforcement (eg. SEC, DOL), and the ability to shed expensive pension obligations through bankruptcy or simply walking away.
Monks sees pension funds as having a key role in taming today's out of control corporations. Specifically, he touts Hermes Investment Management Company (a London pension fund for phone workers) as an example of what could be done. Monks also praises Elliott Spitzer for accomplishing far more than the SEC or DOL with fewer staff, CEOs Gary Immelt of G.E. and Frank Blake of Home Depot (replaced Robert Nardelli) as examples of principled leaders.
One final comment: Late in his book Monks almost off-handedly remarks that 10% of market value ($1 trillion) was transferred from investors to corporate principal offers. He also asserts that about 95% of all stock options go to the top 15 or so officers. I don't for a moment question his conclusions - Monks' reputation is quite solid. However, I do wish he spent more time elaborating and emphasizing these points.
With Courage, Trust & Accountability Can Be RestoredReview Date: 2007-12-16
It might, at first sight, seem that the situation which he analyses so penetratingly is peculiar to the United States and that the wider world need not actively concern itself with the author's message. This would be to underestimate the importance of this book. The lessons to be drawn from the consequences of the rise of the political power of American business, which it chronicles, are universal. In addition, given the global reach of American corporations, the need to restore their accountability to their investors within an effective regulatory framework has global implications.
Corpocracy is not a lament, though it describes much that is lamentable. It is a sober and arresting account of the manner in which the author's personal efforts to persuade the appropriate authorities, regulators and major investing institutions to do their duty, morally and juridically, has met with little effective response. The book's impact is all the greater for the restrained manner in which Bob Monks describes how those appointed to discharge their statutory and fiduciary duties repeatedly failed to do so. Inaction by the gatekeepers, left the field open to the untrammelled rapacity of imperial CEOs.
The balance of power between boards and CEOs in the United States remains a paradox, given the country's regulatory history of preventing accretions of power in relation to trusts and to banking. Nowhere else would it be possible to elect a director on a single vote, nowhere else could shareholder votes be invalidated by "ballot stuffing", nowhere else are shareholders so limited in their ability to raise issues at AGMs, which some directors may not even bother to attend. The prevailing concept of CEO/chairmen selecting their outside board members, thus compromising their independence, strengthens the hand of the CEO at the expense of that of the board.
The response to this imbalance in governance terms is the financial track record of US corporations, but at whose expense has it been achieved? Bob Monks' answer is:
"History will look back on the 1990s and early 2000s as a time when the principal officers of public American corporations transferred from shareholders to themselves approximately $1 trillion - or 10 percent of the market value of public exchanges. This must be the largest peacetime movement of wealth ever recorded, and it was accomplished through stealth that amounted to theft and in a spirit of regulatory permissiveness that certainly rises near to the level of criminal neglect." In addition, there is the extra 5 percent of profitability that the Corporate Library metric tells us is lost through bad practice, plus the opportunity cost of boards focusing on short term personal aggrandisement at the expense of sustainable profitable growth. As the one member of the SEC, who opposed the Committee's recent decision to limit the ability of shareholders to put forward resolutions, said: "Corporate governance in the United States is not well served by inattentive boards that are effectively unaccountable to shareholders."
Inevitably one of the headline manifestations of this lack of accountability has been the grossness of the rewards, which some of these principal officers have arrogated to themselves, for failure as well as success. There are attempts to justify these excesses by analogy with the earnings of stars of sport, stage and screen or by claiming that they are market determined. The analogy with the stars is manifestly spurious. The stars earn what their individual talent commands in the hotly contested market for entertainment. The profits of a corporation are earned collectively and represent the sum of the efforts of everyone in an enterprise. The issue therefore is how they should be distributed in a form that would be generally perceived to be fair and in accordance with the concept of natural justice.
A corporation's pay structure should meet the test of equity, rewarding those working for it, from top to bottom, in relation to their contribution to its performance. Ignoring equity in rewards sows the seeds of social division and dissension with its longer term consequences. What seems to have set the bounds to the multiple by which the earnings of the principal officers of companies exceed those of the average employee in most countries is a sense of social cohesion. The multiple varies by country and through time, but it represents a social constraint or discipline, which carries with it economic advantages not to be ignored.
The fact that shareholders are outraged by the grosser excesses of the pay packages of the principal officers of some corporations is no more than a symptom of the lack of accountability of US boards to those who own their stock, hence the theme of the book. It is a cause which Bob Monks has espoused and pursued with a determination and energy that is wholly admirable and selfless. In spite of setbacks, he believes that this essential accountability can be restored. He sees no cause for new laws, agencies or fiscal measures, though the existing statutory and regulatory framework should be effectively enforced. He argues that it is the major investing institutions that carry the obligation to themselves and to society to restore trust in the capitalistic system.
They have the power to reform the governance of corporations and they have a straightforward economic incentive to do so. The obligation, however, of the great foundations, among the investing institutions, to play their part in bringing about reform goes beyond the calculus of financial gain. It lies at the heart of their creation. They directly assist their chosen causes, but that is within the wider context of a market system which provides them with the ability to do this. They have a responsibility to maintain the means by which they fulfil the aims for which they were founded.
The book's message is therefore optimistic, provided that it is heeded in time. Trust and accountability can be restored, but it will take courage and above all leadership to do so. What is needed is enlightened leadership by those in a position to exercise it in the investing institutions and in corporations themselves. In Bob Monks' words:
"It demands that those with a majority stake in the corpocracy - its principal owners and beneficiaries - lead the way back to the broad light of day. The hour is late. The sun won't always be waiting."
Read Corpocracy and judge for yourself!

A must for every Civil War Reenactor and BuffReview Date: 2007-01-09
An excellent piece of work by an excellent author.Review Date: 1999-03-26
Corporal Si Klegg and his PardReview Date: 2003-02-07
I also would like to reccomend to the civil war buffs out there that they should buy it. This is a rare opportunity to buy a book that I looked for for 2 years! Never did I see it once and I was repeatedly told it was out of print and I would never find it. I never gave up my search and I decided (just for the heck of it), to search for it on amazon.com and I was amazed. One thousand thanks to Amazon.com. One cheer and a tiger for Corporal Si Klegg and his pard!!
CORPORAL SI KLEGG AND HIS PARDReview Date: 2000-04-02
Shockingly GoodReview Date: 2004-02-05
The book, as it's title states, is about the life of a volunteer soldier. And peppered throughout it's excellent narrative, is authentic, sincere and heartfelt dialogue. Dialogue, written in the style of the way the men spoke, with all the ye's, ter's and reckons included. It took a little while accustomising myself to it, but shortly afterwards, I enjoyed the dialogue so much that I started reading it out loud.
Josiah Klegg is a young, enthuisiastic and patriotic recruit, who is unwise in the ways of the army. And Shorty "his pard", whom Si meets shortly after enlisting (or 'listing as they call it) is a hardluck Huckleberry Finn character. Though having had a rough lot in life, Shorty is a quick thinker and wise to the ways of the world. The two of them are "stayers", and together, they travel the long hard (and often painful) path from inexperienced recruit to veteran soldier.
Their personalities play off each other wonderfully. Shorty tolerates Si, who is naive and never short for expressing an opinion. And Shorty, always faithful and yet slightly dower, is continually uplifted by Si's irrepressable enthusiam.
There is much in this story of interest for the Civil War buff, including detailed descriptions of marching (blisters and all), camp life, hospital scenes and actual combat. In the end, this story is about the bonds that tie men together. If it is at all possible to understand the feelings men had for each other, during that terrible interlude in American History, you'll get closest, reading this book.
Used price: $9.47
Collectible price: $21.75

Compelling, Yet ScholarlyReview Date: 2008-01-09
Modern MachiavelliReview Date: 2001-05-06
A study in ruthlessnessReview Date: 2004-01-28
"A good book on the subject"Review Date: 2002-11-22
Modern MachiavelliReview Date: 2001-05-06
Related Subjects: George Gregory Griffith Grant Gray Grey Green Greene Gaines Gilbert Gallagher Gibson Garcia Gordon Goldsmith
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If you want to be on the edge of your seat for a while, this book will do it.