Greed And Glory On Wall Street

Author : Ken Auletta
Publisher : Open Road Media
ISBN 13 : 1504018605
Total Pages : 314 pages
Book Rating : 4.09/5 ( download)

DOWNLOAD NOW!

Download or read book Greed and Glory on Wall Street written by Ken Auletta and published by Open Road Media. This book was released on 2015-09-29 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inside account of a financial meltdown that reshaped Wall Street In 1983, Lew Glucksman, then co-CEO of the heralded investment bank Lehman Brothers, demanded the resignation of chairman Pete Peterson, with whom he had long argued over how to manage the company. Shockingly, Peterson, who had taken charge a decade earlier and led Lehman from near collapse to record profits, agreed to step down. In this meticulously researched volume, Ken Auletta details the turmoil, infighting, and power struggles that brought about Peterson’s departure and the eventual sale of one of Wall Street’s oldest and most prestigious firms. Set against the backdrop of the 1980s stock exchange, where hotshot young traders made and lost millions in a single afternoon, the story of Lehman’s fall is a suspenseful battle of wills between bankers, traders, and executives motivated by greed, envy, and ego. Auletta, who conducted hundreds of hours of interviews and was granted access to private company records, has crafted a thorough, enduring, and engaging account of pivotal events that continued to influence this storied financial institution until its ultimate demise in 2008.

Author : Ken Auletta
Publisher :
ISBN 13 : 9781585671540
Total Pages : 253 pages
Book Rating : 4.41/5 ( download)

DOWNLOAD NOW!

Download or read book Greed and Glory on Wall Street written by Ken Auletta and published by . This book was released on 1986 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New York Times bestseller about the collapse of a major financial house and Wall Street institution, in paperback for the first time.

Author : Rosabeth Moss Kanter
Publisher : Simon and Schuster
ISBN 13 : 0743254465
Total Pages : 560 pages
Book Rating : 4.65/5 ( download)

DOWNLOAD NOW!

Download or read book Challenge of Organizational Change written by Rosabeth Moss Kanter and published by Simon and Schuster. This book was released on 1992 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an era of increased global competition, of business takeovers, downsizing, restructuring, and even outright failure, intelligent organizational change is the most difficult challenge facing American business. The authors present a comprehensive overview which will be essential for managers.

Author : Greg Farrell
Publisher : Currency
ISBN 13 : 0307717879
Total Pages : 514 pages
Book Rating : 4.70/5 ( download)

DOWNLOAD NOW!

Download or read book Crash of the Titans written by Greg Farrell and published by Currency. This book was released on 2011-09-13 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: The intimate, fly-on-the wall tale of the decline and fall of an America icon With one notable exception, the firms that make up what we know as Wall Street have always been part of an inbred, insular culture that most people only vaguely understand. The exception was Merrill Lynch, a firm that revolutionized the stock market by bringing Wall Street to Main Street, setting up offices in far-flung cities and towns long ignored by the giants of finance. With its “thundering herd” of financial advisers, perhaps no other business, whether in financial services or elsewhere, so epitomized the American spirit. Merrill Lynch was not only “bullish on America,” it was a big reason why so many average Americans were able to grow wealthy by investing in the stock market. Merrill Lynch was an icon. Its sudden decline, collapse, and sale to Bank of America was a shock. How did it happen? Why did it happen? And what does this story of greed, hubris, and incompetence tell us about the culture of Wall Street that continues to this day even though it came close to destroying the American economy? A culture in which the CEO of a firm losing $28 billion pushes hard to be paid a $25 million bonus. A culture in which two Merrill Lynch executives are guaranteed bonuses of $30 million and $40 million for four months’ work, even while the firm is struggling to reduce its losses by firing thousands of employees. Based on unparalleled sources at both Merrill Lynch and Bank of America, Greg Farrell’s Crash of the Titans is a Shakespearean saga of three flawed masters of the universe. E. Stanley O’Neal, whose inspiring rise from the segregated South to the corner office of Merrill Lynch—where he engineered a successful turnaround—was undone by his belief that a smooth-talking salesman could handle one of the most difficult jobs on Wall Street. Because he enjoyed O’Neal’s support, this executive was allowed to build up an astonishing $30 billion position in CDOs on the firm’s balance sheet, at a time when all other Wall Street firms were desperately trying to exit the business. After O’Neal comes John Thain, the cerebral, MIT-educated technocrat whose rescue of the New York Stock Exchange earned him the nickname “Super Thain.” He was hired to save Merrill Lynch in late 2007, but his belief that the markets would rebound led him to underestimate the depth of Merrill’s problems. Finally, we meet Bank of America CEO Ken Lewis, a street fighter raised barely above the poverty line in rural Georgia, whose “my way or the highway” management style suffers fools more easily than potential rivals, and who made a $50 billion commitment over a September weekend to buy a business he really didn’t understand, thus jeopardizing his own institution. The merger itself turns out to be a bizarre combination of cultures that blend like oil and water, where slick Wall Street bankers suddenly find themselves reporting to a cast of characters straight out of the Beverly Hillbillies. BofA’s inbred culture, which perceived New York banks its enemies, was based on loyalty and a good-ol’-boy network in which competence played second fiddle to blind obedience. Crash of the Titans is a financial thriller that puts you in the theater as the historic events of the financial crisis unfold and people responsible for billion of dollars of other people’s money gamble recklessly to enhance their power and their paychecks or to save their own skins. Its wealth of never-before-revealed information and focus on two icons of corporate America make it the book that puts together all the pieces of the Wall Street disaster.

Author : Sean Deveney
Publisher : Simon and Schuster
ISBN 13 : 1510730648
Total Pages : 384 pages
Book Rating : 4.49/5 ( download)

DOWNLOAD NOW!

Download or read book Greed and Glory written by Sean Deveney and published by Simon and Schuster. This book was released on 2018-05-15 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: On October 28, 1986, just one day after winning one of the most thrilling World Series in history, the New York Mets were feted by more than two million fans with a parade through the city. In news accounts of the event, there was a small aside, as this one in the New York Times: "Notable in his absence was the pitcher Dwight Gooden, who Mets officials later said had overslept." No, the Mets' twenty-one-year-old phenom had not slept too late. He had not slept at all, in fact. For Gooden, his postgame champagne celebration kicked off a cocaine binge that took him to a club in Long Island and wound up with him, wired, watching his teammates roll through the streets as he sat with strangers in a public housing project. Such were the 1980s in New York City, a gilded era buttressed by fast money from a real estate boom and the explosion of Wall Street wealth. The Mets and Giants, bolstered by lightning-rod personalities like Gooden and Lawrence Taylor, brought the city sporting glory while its celebrity wealthy added a tabloid-friendly touch of intrigue and national envy. Iconoclastic real estate developer Donald Trump gained national celebrity for his deal-making skill and the flaunting of his outsize ego. Even mayor Ed Koch had gained coast-to-coast fame and mention as a potential future president. Beneath the opulence was a tenuous foundation, one that collapsed spectacularly over the last half of the decade. Away from the cameras focused on the city's nouvelle riches, New York was beset by crisis after crisis--homelessness, AIDS, crack cocaine, organized crime. The swell of outrage over the unwillingness of the city elite to address those problems took years to finally reach a tipping point. Through interviews and detailed research, Greed and Glory gives the narrative of New York during these times, tracing the arc of its sports heroes and celebrities of that era, from their memorable highs to their ultimate lows.

Author : Ken Auletta
Publisher : Penguin
ISBN 13 : 1101151404
Total Pages : 432 pages
Book Rating : 4.02/5 ( download)

DOWNLOAD NOW!

Download or read book Googled written by Ken Auletta and published by Penguin. This book was released on 2009-11-03 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revealing, forward-looking examination of the outsize influence Google has had on the changing media Landscape. There are companies that create waves and those that ride or are drowned by them. As only he can, bestselling author Ken Auletta takes readers for a ride on the Google wave, telling the story of how it formed and crashed into traditional media businesses?from newspapers to books, to television, to movies, to telephones, to advertising, to Microsoft. With unprecedented access to Google?s founders and executives, as well as to those in media who are struggling to keep their heads above water, Auletta reveals how the industry is being disrupted and redefined. Using Google as a stand-in for the digital revolution, Auletta takes readers inside Google?s closed-door meetings and paints portraits of Google?s notoriously private founders, Larry Page and Sergey Brin, as well as those who work with?and against?them. In his narrative, Auletta provides the fullest account ever told of Google?s rise, shares the ?secret sauce? of Google?s success, and shows why the worlds of ?new? and ?old? media often communicate as if residents of different planets. Google engineers start from an assumption that the old ways of doing things can be improved and made more efficient, an approach that has yielded remarkable results? Google will generate about $20 billion in advertising revenues this year, or more than the combined prime-time ad revenues of CBS, NBC, ABC, and FOX. And with its ownership of YouTube and its mobile phone and other initiatives, Google CEO Eric Schmidt tells Auletta his company is poised to become the world?s first $100 billion media company. Yet there are many obstacles that threaten Google?s future, and opposition from media companies and government regulators may be the least of these. Google faces internal threats, from its burgeoning size to losing focus to hubris. In coming years, Google?s faith in mathematical formulas and in slide rule logic will be tested, just as it has been on Wall Street. Distilling the knowledge accrued from a career of covering the media, Auletta will offer insights into what we know, and don?t know, about what the future holds for the imperiled industry.

Author : Ken Auletta
Publisher : Open Road Media
ISBN 13 : 1504093577
Total Pages : 437 pages
Book Rating : 4.76/5 ( download)

DOWNLOAD NOW!

Download or read book The Underclass written by Ken Auletta and published by Open Road Media. This book was released on 2023-12-05 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: The acclaimed author and New Yorker columnist delves into the core of American poverty in the early 1980s: “Invaluable.” —The Washington Post First appearing as a three-part series in the New Yorker, Ken Auletta’s The Underclass provides an enlightening look at the lives of addicts, dropouts, ex-convicts, welfare recipients, and individuals experiencing homelessness. Auletta’s investigation began with a seemingly simple goal: to find out who exactly makes up the poorest of the poor, and to trace the many paths that took them there. As the author follows 250 hardened members of this “underclass,” he focuses on efforts to help them reconstruct their lives and find a functional place in mainstream society. Through the lives of the men and women he encounters, Auletta discovers the complex truths that have made hard-core poverty in America such an intractable problem. In a nation where poverty and welfare rolls are declining but the underclass persists, the United States is as conflicted as ever about its responsibilities toward all its people. With his empathy, insight, and expert reportage, Auletta’s The Underclass remains as pertinent as ever.

Author : David A. Vise
Publisher : Open Road Media
ISBN 13 : 1504045025
Total Pages : 320 pages
Book Rating : 4.25/5 ( download)

DOWNLOAD NOW!

Download or read book Eagle on the Street written by David A. Vise and published by Open Road Media. This book was released on 2017-06-13 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A “spellbinding account” of Wall Street deregulation in the 1980s, based on a Pulitzer Prize–winning Washington Post series (The New York Times Book Review). Described by the New York Times Book Review as “worthy of being on the same shelf” as Liar’s Poker, Greed and Glory on Wall Street, and Barbarians at the Gate, this eye-opening business history explains how Washington and Wall Street cut the deals that led to a decade of greed. For the Securities and Exchange Commission, the 1980s brought sweeping changes. Under the sway of Reaganomics and the leadership of John Shad, the SEC came down hard on insider trading but introduced wide-ranging deregulation to the stock market, which helped to both fuel the legendary bull market and sow the seeds of the 1987 crash. Shad, a former vice-chairman of the brokerage firm EF Hutton & Company and the first Wall Street executive to lead the SEC since Joseph Kennedy, was a true believer in the free market. His tenure touched all the big headlines and enduring images of this tumultuous decade, from leveraged buyouts to junk bonds, Manhattan skyscrapers to Senate hearing rooms, Michael Milken to T. Boone Pickens. David A. Vise and Steve Coll won the Pulitzer Prize for the original reporting in the Washington Post that would become Eagle on the Street. In an era when the costs, benefits, and risks of deregulation are under debate once again, their “engrossing account of the struggle for the soul of the SEC” is essential reading (The Washington Post).

Author : Steve Fraser
Publisher : Yale University Press
ISBN 13 : 030014508X
Total Pages : 209 pages
Book Rating : 4.83/5 ( download)

DOWNLOAD NOW!

Download or read book Wall Street written by Steve Fraser and published by Yale University Press. This book was released on 2008-10-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wall Street: no other place on earth is so singularly identified with money and the power of money. And no other American institution has inspired such deep moral, cultural, and political ambivalence. Is the Street an unbreachable bulwark defending commercial order? Or is it a center of mad ambition? This book recounts the colorful history of Americas love-hate relationship with Wall Street. Steve Fraser frames his fascinating analysis around the roles of four iconic Wall Street typesthe aristocrat, the confidence man, the hero, and the immoralistall recurring figures who yield surprising insights about how the nation has wrestled, and still wrestles, with fundamental questions of wealth and work, democracy and elitism, greed and salvation. Spanning the years from the first Wall Street panic of 1792 to the dot.com bubble-and-bust and Enron scandals of our own time, the book is full of stories and portraits of such larger-than-life figures as J. P. Morgan, Cornelius Vanderbilt, and Michael Milken. Fraser considers the conflicting attitudes of ordinary Americans toward the Street and concludes with a brief rumination on the recent notion of Wall Street as a haven for Everyman.

Author : Andrew Ross Sorkin
Publisher : Penguin
ISBN 13 : 1101443243
Total Pages : 640 pages
Book Rating : 4.48/5 ( download)

DOWNLOAD NOW!

Download or read book Too Big to Fail written by Andrew Ross Sorkin and published by Penguin. This book was released on 2010-09-07 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brand New for 2018: an updated edition featuring a new afterword to mark the 10th anniversary of the financial crisis The brilliantly reported New York Times bestseller that goes behind the scenes of the financial crisis on Wall Street and in Washington to give the definitive account of the crisis, the basis for the HBO film “Too Big To Fail is too good to put down. . . . It is the story of the actors in the most extraordinary financial spectacle in 80 years, and it is told brilliantly.” —The Economist In one of the most gripping financial narratives in decades, Andrew Ross Sorkin—a New York Times columnist and one of the country's most respected financial reporters—delivers the first definitive blow-by-blow account of the epochal economic crisis that brought the world to the brink. Through unprecedented access to the players involved, he re-creates all the drama and turmoil of these turbulent days, revealing never-before-disclosed details and recounting how, motivated as often by ego and greed as by fear and self-preservation, the most powerful men and women in finance and politics decided the fate of the world's economy.