Arrogance and Accords: The Inside Story of the Honda Scandal

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About Arrogance And Accords: The Inside Story Of The

Business books are not supposed to be fun; they aren’t supposed to rollick like this one does. But ironic, fascinating and entertaining, Arrogance and Accords is a great read. - Toronto Star Arrogance and Accords is often fascinating, always compelling. It should be required reading in business-ethics courses. Maybe some of Honda's former executives could teach the classes as part of their work-release program. - Car and DriverIt just doesn’t get any better than this…the real down-and-dirty workings of the car business – at its best, and worst. – San Antonio Express-NewsVery well written and raucously funny. – Milwaukee JournalSteve Lynch, a former Honda marketing exec and author of Arrogance and Accords: The Inside Story of the Honda Scandal, describes a scene in this book in such extraordinary detail that it stays with the reader throughout the 300-plus pages that chronicles the largest commercial corruption case in U.S…Lynch tells the sordid tale with a perspective and authority that only he can provide - the Santa Paula dealership, for example. Lynch was there, and he confesses that "he was no choir boy. – AutoweekBetween 1994 and 1997, 18 former executives of American Honda Motor Company, along with four other people, were convicted on federal fraud and racketeering charges. Over a 15-year period, a gang of greedy Honda officials had received over $50 million in cash and gifts from automobile dealers eager to obtain additional hot-selling Honda cars and franchises. The ill-gotten booty included briefcases stuffed with up to $750,000 in cash, palatial homes, luxury German automobiles, secret ownership in dealerships and other businesses, and Hong Kong shopping sprees. When the market softened in the early 1990s, the high-rolling executives, led by Honda's charismatic national sales manager, switched to embezzling money from the corporation. Honda belatedly fired the managers in 19