Death Spiral: The Collapse of Cinar, Norshield and Mount Real: The Collapse of Cinar, Norshield and Mount Real: The Inside Story of One of Canada's Largest Financial Failures - Tapa dura

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.