By Jonathan Macey, FT Press, 304 pages, $39.99

Reading Jonathan Macey’s provocative new book "The Death of Corporate Reputation: How Integrity Has Been Destroyed on Wall Street," I was reminded of Winston Churchill’s famous dictum about democracy being "the worst form of government except all the others that have been tried." Macey, who is the Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law at Yale Law School, and one of America’s most prolific writers on and analysts of corporate governance issues, takes his readers on a comprehensive tour of the country’s capital markets structure; and what he finds there is an utter disaster zone.

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