Product Description

DERIVATIVES is the first and only book written for the manager who is not a derivatives expertÑbut is responsible for managing them! Concise, uncomplicated, and often entertaining, with a minimum of academic jargon and theoretical sleight of hand, it provides descriptions and uses of major derivative classes, case studies of billion-dollar debacles and how managers could have avoided them, and guidelines on how to structure your organization's oversight of derivative activities. Let the one-of-a-kind DERIVATIVES give you an insider's understanding of the amazing benefits of derivativesÑas well as an overview of

Product Details

• Amazon Sales Rank: #1790185 in Books
• Published on: 1999-05-01
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 210 pages

From the Back Cover
The Corporate Executive's Guide to Understanding Derivatives. How to Keep Your Company Out of TomorrowÕs Headlines! As a corporate manager or executive, you probably have little contact with the actual day-to-day trading of derivatives contracts. Regardless, your oversight responsibilities place your career directly in the hands of aggressive derivatives traders. Do you really know what they're up to? Derivatives is the first and only book written for youÑthe manager who is not a derivatives expert but is responsible for the experts. Concise, uncomplicated, and often entertaining, it gives you a basic understanding and appreciation for these complex yet powerful financial tools. Designed to offer real advice to real managers, with a minimum of academic jargon and theoretical sleight of hand, Derivatives provides: Descriptions and uses of major derivative classesÑfutures, options, swaps, and hybrids; Examinations of billion-dollar debaclesÑand simple steps managers could have taken to avoid them; Guidelines on how to structure your organization's oversight of derivative activities. Derivatives can be both beneficial and devastating. DonÕt let yourself get burned! Derivatives will give you a step-by-step tour through the amazing benefits of derivativesÑas well as an overview of their hazardsÑand put you firmly in control of your corporation's risk control program.

About the Author
Philip McBride Johnson (Washington, D.C.) is a partner at the law firm of Skadden, Arps, Slate, Meagher, and Flom. An accomplished author, he was chairman of the CFTC and played a key role in drafting federal derivatives legislation.