The Outstanding Truth: The Failure of The Bank of New England Corp.

Today’s circumstances are ripe for a new financial crisis.

The financial industry has not learned the lessons from the last financial meltdown. To avoid another crisis, we must understand why and how seasoned managers can make catastrophic mistakes.

The Outstanding Truth is a lively yet detailed chronicle of the management behavior and, particularly, the impact of interactions among managers that led to the failure of the Bank of New England Corp.

This whistleblower’s true story is essentially a case study spiced with personal anecdotes and witty cartoons. Memos and documentation subpoenaed by the Trustee in Bankruptcy are referenced; many were used as deposition exhibits and some in court.

By getting this story into your hands, we might prevent a similar debacle from happening again.

Professors and management trainers can use this book to teach current and future business leaders and managers how to prevent the type of thinking that led to the Bank of New England Corp. fiasco in 1990 and the real estate crash of 2007.