Title: Review of "How Companies Lie"
Review: This book examines the problem of financial misstatements with a special focus on Enron. The book is light on facts and analysis, but heavy on opinion. Most of the chapters just restate contemporary criticisms of contemporary management decision-making (e.g., greed). The authors have very little to say about warning signs and the accounting used by management to mislead investors. Those wanting a more substantive analysis of the issues and the perspective of an insider should read Arthur Levitt's new book, "Take on the Street."
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