Greed and Glory on Wall Street: The Fall of the House of Lehman
| Author | : | |
| Rating | : | 4.74 (721 Votes) |
| Asin | : | B013CUC1FQ |
| Format Type | : | |
| Number of Pages | : | 117 Pages |
| Publish Date | : | 2014-07-01 |
| Language | : | English |
DESCRIPTION:
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. 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. Auletta, who conducted hundre
Auletta (The Art of Corporate Success, etc.) recounts in detail the takeover of the traditional and specialized but dissent-ridden and undercapitalized Wall Street company by an outside trader, the recently formed global giant Shearson/American Express. JanuaryCopyright 1985 Reed Business Information, Inc. The new conglomerates that emerge from such moves, Auletta maintains, emphasize transactual, service business rather than advisory functions, and short-term gains at the expense of long-range growth plans. Major ad/promo; Fortune Book Club selection; BOMC alternate; author tour. From Publishers Weekly Based on probing research, this modern morality tale is an exp
Ken Auletta is the communications columnist for The New Yorker. . He is the author of seven books, including the national bestseller Three Blind Mice, and, most recently, The Highwaymen: Warriors of the Information Superhighway
"One of my all time favorite books!" according to Ev Nucci. This book is one of my favorites. It's a classic soap opera. What Lehman Brothers was, their glory days, how egos and greed destroy companies. This is a brilliant study of humanity on Wall Street. Fast read and I strongly recommend to anyone who's thinking of getting into the business!. Oh! full of scorpions is my mind (Macbeth) Luc REYNAERT This is a classic tale of a company run into the ground because it had two CEOs and two different departments fighting one another for the juicy bonuses. Moreover, the CEOs had totally different characters and a completely different business vision. One was extrovert, overambitious, jealous, profoundly selfish, impulsive, volatile, dominated by lust for power, vindictive, an intri. What kind of investment banking did Lehman want to be? Golden Lion 1. 1983, Glucksman's primary interest was in preserving Lehman's independence and his own position of power, which he might best achieve by selling 50 percent or less of the business. Glucksman pushed Peterson out and trading represented 2/3 profits for Lehman. Market volatility characterized 1983, with thirty billion shares changing hands. Lehman was transforming from bankers hol