Race to the Bottom

by John T. Hackett


Formats

Softcover
$19.95
$16.00
Hardcover
$28.95
$21.75
Softcover
$16.00

Book Details

Language : English
Publication Date : 7/14/2004

Format : Softcover
Dimensions : 6x9
Page Count : 360
ISBN : 9781418456726
Format : Hardcover
Dimensions : 6x9
Page Count : 360
ISBN : 9781418456719

About the Book

Race to the Bottom reveals the decline of a once proud and successful manufacturing company and its Midwest community.

The company’s success, the philantropic leaadership of its founding families, and the pride of an entire city combine to create a uniquely progressive society.

The transition from a family business to a public corporation is the beginning of the descent. Absentee owners replace the influence of the company’s founding families with a culture of greed and expedience. New management abandons fundamental principles of long term success for short-term profits and pursuit of personal ambition.

Contentious labor negotiations over the relocation of thousands of jobs to Mexico foster mistrust and apprehension..A crisis of far greater magnitude discloses the ultimate corporate betrayal.

 


About the Author

During his career the author has served as a venture capitalist, chief financial officer of a multinational corporation, university administrator/faculty member, Federal Reserve economist and member of the board of directors of several corporations and public service organizations. A frequent contributor to business and financial journals, Race to the Bottom is the author’s fictional depiction of the social and economic devastation suffered by a Midwestern community as a result of corporate relocation and corruption. The author is a native of the Midwest.