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Loading... The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders (original 1988; edition 1989)by Connie Bruck
Work InformationThe Predators' Ball: The Junk Bond Raiders and the Man Who Staked Them by Connie Bruck (1988)
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Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. See also papers in SH Archive Financial Institutions box 3. Engrossing account of the rise both of Drexel Burnham Lambert and of junk-bond finance in the 1980s, only to see things collapse at the end of the decade. Some entertaining anecdotes, and some harrowing ones. Bruck is mostly negative on the whole emergence of the genre, though she does point out the handful of success stories. no reviews | add a review
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During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. He invented such things as "the highly confident letter" (I'm highly confident that I can raise the money you need to buy company X) and "the blind pool" (Here's a billion dollars: let us help you buy a company), and he financed the biggest corporate raiders--men like Carl Icahn and Ronald Perelman. And then, on September 7, 1988, things changed. The Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud. Waiting in the wings was the US District Attorney, who wanted to file criminal and racketeering charges. What motivated Milken in his drive for power and money? Did Drexel Burnham Lambert condone the breaking of laws? The Predators' Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s. No library descriptions found. |
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Google Books — Loading... GenresMelvil Decimal System (DDC)332.6320973Social sciences Economics Finance Investing Personal Investing Types Of Investments And Other TopicsLC ClassificationRatingAverage:
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