Author's Note ix
Introduction 1
Chapter 1 The Rise of Finance 29
Chapter 2 The Fall of Business 62
Bean Counters Versus Car Guys-Frederick Winslow Taylor, Robert McNamara, and the Financialization of Industry
Chapter 3 What an MBA Won't Teach You 90
How Business Education Is Failing American Businesses
Chapter 4 Barbarians at the Gate 121
Apple, Carl Icahn, and the Rise of Shareholder Activism
Chapter 5 We're All Bankers Now 152
GE and the Story of How American Business Came to Emulate Finance
Chapter 6 Financial Weapons of Mass Destruction 179
Commodities, Derivatives, and How Wall Street Created a Food Crisis
Chapter 7 When Wall Street Owns Main Street 210
Private Equity, Shadow Banking, and How Finance Reaped the Benefits of the Housing Recovery
Chapter 8 The End of Retirement 237
How Wall Street Ate Our Nest Eggs
Chapter 9 The Artful Dodgers 264
How Our Tax Code Rewards the Takers Instead of the Makers
Chapter 10 The Revolving Door 285
How Washington Favors Wall Street over Main Street
Chapter 11 How to Put Finance Back in Service to Business and Society 315
Acknowledgments 327
Notes 331
Bibliography 368
Index 377