Graft in Business

"Graft in Business" by John T. Flynn, published in 1931, delves into the prevalence of corruption and unethical practices in the corporate world. Flynn examines both petty graft, such as small-scale kickbacks, and larger scandals involving major corporations. He highlights notable cases, including the Chicago, Milwaukee & St. Paul Railroad scandal and the Bank of United States failure, to illustrate systemic issues in business practices. Flynn also critiques corporate structures and suggests reforms, such as adopting uniform accounting methods and increasing transparency in shareholder information.