Death Spiral

By William A Urseth

Death Spiral
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Charting the rise and fall of three prolific organizations, this shocking account centers on Cinar Films, a children's television programming company whose founders became multi-millionaires when it went public. Despite this success, one of the CEOs gradually invested an additional ... Read more


Overview

Charting the rise and fall of three prolific organizations, this shocking account centers on Cinar Films, a children's television programming company whose founders became multi-millionaires when it went public. Despite this success, one of the CEOs gradually invested an additional $108 million of the company's profit into a Bahamian hedge fund. After numerous tax scams and abuse of corporate funds, the Cinar board declared the investment as "missing" and fired the company's founders. In spite of the ensuing $2.5 million battle that was fought over the next five years, the "Cinar Fire" eventually spread, destroying two other major companies and several careers. From national prominence to financial ruin, this chronicle reveals the character and structural flaws of the complex world of corporate business.

William A Urseth

William A. Urseth is the author of Death Spiral, the editor in chief of Menz Tournament Hunter magazine in the U.S. and Menz magazine in Canada, and  the host of the latter magazine`s Where the Adventure Never Ends radio show in eastern Canada. He has been a recurring host on Trevor Gowdy`s television program In the Hunt, and he is the cohost of Quest for the One, on the Versus television network. He lives in Minneapolis, Minnesota.

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