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Board Betrayal: The Weirton Steel Story: Failed Governance and Management Hand in Hand with Arthur Andersen: An Esop Fable Paperback – April 1, 2003
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Top Customer Reviews
The book is a fascinating look at the behind-the-scenes behaviors of senior management. Unfortunately, it is not all that clear what lessons can be taken away from the event. Honesty and fair-dealing cannot be injected into scoundrels like a vaccine. And when a majority of board members decide to loot the corporation for their own gain, what can realistically be done?
I do know that the aftermath has been devastating to Weirton, and its future is very uncertain. And after living there during the glory days, it is very strange to come back and see the devastation that has become my little town.
The machinations of the Machevellian Sperry and his nuanced methods to a profitable end for himself and his hidden clients is a soul shattering read. This true life account of the death of a steel mill and the 2 towns dependent upon the jobs it provided is a glimpse inside the reality of the "Turning of the Screw": a sinister man manipulating an Executive Board and the Steel Union to its own destruction.
Definitely a well written and worthy addition to your bookshelf!
Most Recent Customer Reviews
Outstanding and objective writeup of what actually went on at Weirton Steel and why the plant is now a ghost.Published 23 months ago by maggie
Phil Smiths courages book about the Betrayal of Weirton Steel is heartbreaking.
National Steel was one of the greatest Steel companys to work for in the 50's60's and... Read more
I have always been suspicious of books that seem to spring from the author's need to settle a grudge against a person or organization. This book reminds me why. Read morePublished on September 9, 2003 by Amanda Drake