Derivatives : A Manager's Guide to the World's Most Powerful Financial Instruments

Today's executives and managers need derivatives to safeguard their companies from undue financial risk--but too many don't understand the rules! Derivatives provides easy-to-understand explanations on how these essential tools operate, and how executives unfamiliar with their dangers can cost their companies millions or even billions of dollars. From simple agricultural futures to the latest credit derivatives and swaps, it provides a comprehensive understanding of derivative products wihtout confusing the reader with unnecessary mathematics.

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.