Author: Michael Perino
Publisher: Penguin
ISBN: 1101444444
Category : Business & Economics
Languages : en
Pages : 366
Book Description
A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street. In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead. The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public. Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America. By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.
The Hellhound of Wall Street
Author: Michael Perino
Publisher: Penguin
ISBN: 1101444444
Category : Business & Economics
Languages : en
Pages : 366
Book Description
A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street. In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead. The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public. Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America. By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.
Publisher: Penguin
ISBN: 1101444444
Category : Business & Economics
Languages : en
Pages : 366
Book Description
A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street. In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead. The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public. Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America. By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.
Wall Street on Trial
Author: Justin O'Brien
Publisher: John Wiley & Sons
ISBN: 0470865873
Category : Business & Economics
Languages : en
Pages : 312
Book Description
The politics of business have become the business of politics. Across the world the lesson is clear: just as too much governmental interference leads to dysfunctional economies, left to its own devices the market is incapable of adequate self-regulation. The corporate malfeasance crisis in the United States has transformed global perceptions about the efficacy of regulatory structures in combating corrupt practices in private and public sectors. The design of effective corporate governance structures depends not just on internal factors but also on the inter-relationship between various actors that constitute wider governance: politicians, lobbyists, corporations and regulators. A Corrupted State: Wall Street on Trial breaks new ground by deconstructing the systemic flaws inherent in the model itself. It reveals that the 'rotten apple' theory, positing the problems in corporate America as merely the result of deviancy by an individual or a single firm, is an intellectual deceit not supported by the facts.
Publisher: John Wiley & Sons
ISBN: 0470865873
Category : Business & Economics
Languages : en
Pages : 312
Book Description
The politics of business have become the business of politics. Across the world the lesson is clear: just as too much governmental interference leads to dysfunctional economies, left to its own devices the market is incapable of adequate self-regulation. The corporate malfeasance crisis in the United States has transformed global perceptions about the efficacy of regulatory structures in combating corrupt practices in private and public sectors. The design of effective corporate governance structures depends not just on internal factors but also on the inter-relationship between various actors that constitute wider governance: politicians, lobbyists, corporations and regulators. A Corrupted State: Wall Street on Trial breaks new ground by deconstructing the systemic flaws inherent in the model itself. It reveals that the 'rotten apple' theory, positing the problems in corporate America as merely the result of deviancy by an individual or a single firm, is an intellectual deceit not supported by the facts.
Freedom Manifesto
Author: Steve Forbes
Publisher: Crown Currency
ISBN: 0307951596
Category : Business & Economics
Languages : en
Pages : 611
Book Description
From Steve Forbes, the iconic editor in chief of Forbes Media, and Elizabeth Ames coauthors of How Capitalism Will Save Us—comes a new way of thinking about the role of government and the morality of free markets. Americans today are at a turning point. Are we a country founded on the values of freedom and limited government, as envisioned by the founding fathers in the Declaration of Independence and the Constitution? Or do we want to become a European-style socialist democracy? What best serves the public good—freedom or Big Government? In Freedom Manifesto, Forbes and Ames offer a new twist on this historic debate. Today’s bloated and bureaucratic government, they argue, is anything but a force for compassion. Instead of assuring fairness, it promotes favoritism. Instead of furthering opportunity, it stifles economic growth. Instead of unleashing innovation and material abundance, its regulations and price controls create rigidity and scarcity. Not only are Big Government’s inefficient and ever-expanding bureaucracies ill-equipped to deliver on their promises—they are often guilty of the very greed, excess, and corruption routinely ascribed to the private sector. The only way to a truly fair and moral society, the authors say, is through economic freedom—free people and free markets. Throughout history, open markets have helped the poor and everyone else by unleashing unprecedented creativity, generating wealth, and raising living standards. Promoting trust, generosity, and democracy, economic freedom has been a more powerful force for individual rights, self-determination—and humanity—than any government bureaucracy. Freedom Manifesto captures the spirit of a new movement that is questioning old ideas about the morality of government and markets for the first time since the Great Depression. Going beyond the familiar explanations and sound bites, the authors provide a fully developed framework of “first principles” for a true understanding of the real moral and ethical distinctions between more and less government. This timely and provocative book shows why free markets and liberty are the only way to a better future and a fair and humane society.
Publisher: Crown Currency
ISBN: 0307951596
Category : Business & Economics
Languages : en
Pages : 611
Book Description
From Steve Forbes, the iconic editor in chief of Forbes Media, and Elizabeth Ames coauthors of How Capitalism Will Save Us—comes a new way of thinking about the role of government and the morality of free markets. Americans today are at a turning point. Are we a country founded on the values of freedom and limited government, as envisioned by the founding fathers in the Declaration of Independence and the Constitution? Or do we want to become a European-style socialist democracy? What best serves the public good—freedom or Big Government? In Freedom Manifesto, Forbes and Ames offer a new twist on this historic debate. Today’s bloated and bureaucratic government, they argue, is anything but a force for compassion. Instead of assuring fairness, it promotes favoritism. Instead of furthering opportunity, it stifles economic growth. Instead of unleashing innovation and material abundance, its regulations and price controls create rigidity and scarcity. Not only are Big Government’s inefficient and ever-expanding bureaucracies ill-equipped to deliver on their promises—they are often guilty of the very greed, excess, and corruption routinely ascribed to the private sector. The only way to a truly fair and moral society, the authors say, is through economic freedom—free people and free markets. Throughout history, open markets have helped the poor and everyone else by unleashing unprecedented creativity, generating wealth, and raising living standards. Promoting trust, generosity, and democracy, economic freedom has been a more powerful force for individual rights, self-determination—and humanity—than any government bureaucracy. Freedom Manifesto captures the spirit of a new movement that is questioning old ideas about the morality of government and markets for the first time since the Great Depression. Going beyond the familiar explanations and sound bites, the authors provide a fully developed framework of “first principles” for a true understanding of the real moral and ethical distinctions between more and less government. This timely and provocative book shows why free markets and liberty are the only way to a better future and a fair and humane society.
Confessions of a Wall Street Insider
Author: Michael Kimelman
Publisher: Simon and Schuster
ISBN: 1510713387
Category : Business & Economics
Languages : en
Pages : 368
Book Description
Although he was a suburban husband and father, living a far different life than the “Wolf of Wall Street,” Michael Kimelman had a good run as the cofounder of a hedge fund. He had left a cushy yet suffocating job at a law firm to try his hand at the high-risk life of a proprietary trader — and he did pretty well for himself. But it all came crashing down in the wee hours of November 5, 2009, when the Feds came to his door—almost taking the door off its hinges. While his wife and children were sequestered to a bedroom, Kimelman was marched off in embarrassment in view of his neighbors and TV crews who had been alerted in advance. He was arrested as part of a huge insider trading case, and while he was offered a “sweetheart” no-jail probation plea, he refused, maintaining his innocence. The lion’s share of Confessions of a Wall Street Insider was written while Kimelman was an inmate at Lewisburg Penitentiary. In nearly two years behind bars, he reflected on his experiences before incarceration—rubbing elbows and throwing back far too many cocktails with financial titans and major figures in sports and entertainment (including Leonardo DiCaprio, Alex Rodriguez, Ben Bernanke, and Alan Greenspan, to drop a few names); making and losing hundreds of thousands of dollars in daily gambles on the Street; getting involved with the wrong people, who eventually turned on him; realizing that none of that mattered in the end. As he writes: “Stripped of family, friends, time, and humanity, if there’s ever a place to give one pause, it’s prison . . . Tomorrow is promised to no one.” In Confessions of a Wall Street Insider, he reveals the triumphs, pains, and struggles, and how, in the end, it just might have made him a better person. Skyhorse Publishing, along with our Arcade, Good Books, Sports Publishing, and Yucca imprints, is proud to publish a broad range of biographies, autobiographies, and memoirs. Our list includes biographies on well-known historical figures like Benjamin Franklin, Nelson Mandela, and Alexander Graham Bell, as well as villains from history, such as Heinrich Himmler, John Wayne Gacy, and O. J. Simpson. We have also published survivor stories of World War II, memoirs about overcoming adversity, first-hand tales of adventure, and much more. While not every title we publish becomes a New York Times bestseller or a national bestseller, we are committed to books on subjects that are sometimes overlooked and to authors whose work might not otherwise find a home.
Publisher: Simon and Schuster
ISBN: 1510713387
Category : Business & Economics
Languages : en
Pages : 368
Book Description
Although he was a suburban husband and father, living a far different life than the “Wolf of Wall Street,” Michael Kimelman had a good run as the cofounder of a hedge fund. He had left a cushy yet suffocating job at a law firm to try his hand at the high-risk life of a proprietary trader — and he did pretty well for himself. But it all came crashing down in the wee hours of November 5, 2009, when the Feds came to his door—almost taking the door off its hinges. While his wife and children were sequestered to a bedroom, Kimelman was marched off in embarrassment in view of his neighbors and TV crews who had been alerted in advance. He was arrested as part of a huge insider trading case, and while he was offered a “sweetheart” no-jail probation plea, he refused, maintaining his innocence. The lion’s share of Confessions of a Wall Street Insider was written while Kimelman was an inmate at Lewisburg Penitentiary. In nearly two years behind bars, he reflected on his experiences before incarceration—rubbing elbows and throwing back far too many cocktails with financial titans and major figures in sports and entertainment (including Leonardo DiCaprio, Alex Rodriguez, Ben Bernanke, and Alan Greenspan, to drop a few names); making and losing hundreds of thousands of dollars in daily gambles on the Street; getting involved with the wrong people, who eventually turned on him; realizing that none of that mattered in the end. As he writes: “Stripped of family, friends, time, and humanity, if there’s ever a place to give one pause, it’s prison . . . Tomorrow is promised to no one.” In Confessions of a Wall Street Insider, he reveals the triumphs, pains, and struggles, and how, in the end, it just might have made him a better person. Skyhorse Publishing, along with our Arcade, Good Books, Sports Publishing, and Yucca imprints, is proud to publish a broad range of biographies, autobiographies, and memoirs. Our list includes biographies on well-known historical figures like Benjamin Franklin, Nelson Mandela, and Alexander Graham Bell, as well as villains from history, such as Heinrich Himmler, John Wayne Gacy, and O. J. Simpson. We have also published survivor stories of World War II, memoirs about overcoming adversity, first-hand tales of adventure, and much more. While not every title we publish becomes a New York Times bestseller or a national bestseller, we are committed to books on subjects that are sometimes overlooked and to authors whose work might not otherwise find a home.
A Random Walk Down Wall Street
Author: Burton Gordon Malkiel
Publisher: W. W. Norton & Company
ISBN: 9780393315295
Category : Business & Economics
Languages : en
Pages : 532
Book Description
In the newest edition of his best-selling investment guide, Burton G. Malkiel maps a clear path through the dizzying array of new financial instruments in this era of high-risk investing. Now more than ever, this sure-footed, irreverent, and vastly informative volume is an indispensable "best buy" for personal money management. In A Random Walk Down Wall Street you will discover how to beat the pros at their own game and learn a user-friendly long-range investment strategy that tailors investors' financial objectives to their particular incomes at any age. New material covers the dynamic but risky markets in futures and options, takes a shrewd look at derivative-type securities, and offers strategies to reduce the tax bite from investment earnings.
Publisher: W. W. Norton & Company
ISBN: 9780393315295
Category : Business & Economics
Languages : en
Pages : 532
Book Description
In the newest edition of his best-selling investment guide, Burton G. Malkiel maps a clear path through the dizzying array of new financial instruments in this era of high-risk investing. Now more than ever, this sure-footed, irreverent, and vastly informative volume is an indispensable "best buy" for personal money management. In A Random Walk Down Wall Street you will discover how to beat the pros at their own game and learn a user-friendly long-range investment strategy that tailors investors' financial objectives to their particular incomes at any age. New material covers the dynamic but risky markets in futures and options, takes a shrewd look at derivative-type securities, and offers strategies to reduce the tax bite from investment earnings.
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Ninth Edition)
Author: Burton G. Malkiel
Publisher: W. W. Norton & Company
ISBN: 0393330338
Category : Business & Economics
Languages : en
Pages : 454
Book Description
Updated with a new chapter that draws on behavioral finance, the field that studies the psychology of investment decisions, the bestselling guide to investing evaluates the full range of financial opportunities.
Publisher: W. W. Norton & Company
ISBN: 0393330338
Category : Business & Economics
Languages : en
Pages : 454
Book Description
Updated with a new chapter that draws on behavioral finance, the field that studies the psychology of investment decisions, the bestselling guide to investing evaluates the full range of financial opportunities.
Theft of a Nation
Author: Gregg Barak
Publisher: Rowman & Littlefield
ISBN: 1442207787
Category : Law
Languages : en
Pages : 227
Book Description
Theft of a Nation is a powerful criminological examination of Wall Street's recent financial meltdown. Through the lenses of white collar crime and victimology, the book presents a critical assessment of the economic and political elites who were responsible, shows how Americans were victimized, and assesses the resulting regulation.
Publisher: Rowman & Littlefield
ISBN: 1442207787
Category : Law
Languages : en
Pages : 227
Book Description
Theft of a Nation is a powerful criminological examination of Wall Street's recent financial meltdown. Through the lenses of white collar crime and victimology, the book presents a critical assessment of the economic and political elites who were responsible, shows how Americans were victimized, and assesses the resulting regulation.
Conspiracy in the Streets
Author: Jon Wiener
Publisher: The New Press
ISBN: 1620976714
Category : Political Science
Languages : en
Pages : 306
Book Description
THE TRIAL THAT IS NOW A MAJOR MOTION PICTURE Reprinted to coincide with the release of the new Aaron Sorkin film, this book provides the political background of this infamous trial, narrating the utter craziness of the courtroom and revealing both the humorous antics and the serious politics involved Opening at the end of 1969—a politically charged year at the beginning of Nixon's presidency and at the height of the anti-war movement—the Trial of the Chicago Seven (which started out as the Chicago Eight) brought together Yippies, antiwar activists, and Black Panthers to face conspiracy charges following massive protests at the 1968 Democratic National Convention in Chicago, protests which continue to have remarkable contemporary resonance. The defendants—Rennie Davis, Dave Dellinger, John Froines, Tom Hayden, Abbie Hoffman, Jerry Rubin, Bobby Seale (the co-founder of the Black Panther Party who was ultimately removed from the trial, making it seven and not eight who were on trial), and Lee Weiner—openly lampooned the proceedings, blowing kisses to the jury, wearing their own judicial robes, and bringing a Viet Cong flag into the courtroom. Eventually the judge ordered Seale to be bound and gagged for insisting on representing himself. Adding to the theater in the courtroom an array of celebrity witnesses appeared, among them Timothy Leary, Norman Mailer, Arlo Guthrie, Judy Collins, and Allen Ginsberg (who provoked the prosecution by chanting "Om" on the witness stand). This book combines an abridged transcript of the trial with astute commentary by historian and journalist Jon Wiener, and brings to vivid life an extraordinary event which, like Woodstock, came to epitomize the late 1960s and the cause for free speech and the right to protest—causes that are very much alive a half century later. As Wiener writes, "At the end of the sixties, it seemed that all the conflicts in America were distilled and then acted out in the courtroom of the Chicago Conspiracy trial." An afterword by the late Tom Hayden examines the trial's ongoing relevance, and drawings by Jules Feiffer help recreate the electrifying atmosphere of the courtroom.
Publisher: The New Press
ISBN: 1620976714
Category : Political Science
Languages : en
Pages : 306
Book Description
THE TRIAL THAT IS NOW A MAJOR MOTION PICTURE Reprinted to coincide with the release of the new Aaron Sorkin film, this book provides the political background of this infamous trial, narrating the utter craziness of the courtroom and revealing both the humorous antics and the serious politics involved Opening at the end of 1969—a politically charged year at the beginning of Nixon's presidency and at the height of the anti-war movement—the Trial of the Chicago Seven (which started out as the Chicago Eight) brought together Yippies, antiwar activists, and Black Panthers to face conspiracy charges following massive protests at the 1968 Democratic National Convention in Chicago, protests which continue to have remarkable contemporary resonance. The defendants—Rennie Davis, Dave Dellinger, John Froines, Tom Hayden, Abbie Hoffman, Jerry Rubin, Bobby Seale (the co-founder of the Black Panther Party who was ultimately removed from the trial, making it seven and not eight who were on trial), and Lee Weiner—openly lampooned the proceedings, blowing kisses to the jury, wearing their own judicial robes, and bringing a Viet Cong flag into the courtroom. Eventually the judge ordered Seale to be bound and gagged for insisting on representing himself. Adding to the theater in the courtroom an array of celebrity witnesses appeared, among them Timothy Leary, Norman Mailer, Arlo Guthrie, Judy Collins, and Allen Ginsberg (who provoked the prosecution by chanting "Om" on the witness stand). This book combines an abridged transcript of the trial with astute commentary by historian and journalist Jon Wiener, and brings to vivid life an extraordinary event which, like Woodstock, came to epitomize the late 1960s and the cause for free speech and the right to protest—causes that are very much alive a half century later. As Wiener writes, "At the end of the sixties, it seemed that all the conflicts in America were distilled and then acted out in the courtroom of the Chicago Conspiracy trial." An afterword by the late Tom Hayden examines the trial's ongoing relevance, and drawings by Jules Feiffer help recreate the electrifying atmosphere of the courtroom.
A Question of Freedom
Author: William G. Thomas
Publisher: Yale University Press
ISBN: 0300256272
Category : History
Languages : en
Pages : 429
Book Description
The story of the longest and most complex legal challenge to slavery in American history For over seventy years and five generations, the enslaved families of Prince George’s County, Maryland, filed hundreds of suits for their freedom against a powerful circle of slaveholders, taking their cause all the way to the Supreme Court. Between 1787 and 1861, these lawsuits challenged the legitimacy of slavery in American law and put slavery on trial in the nation’s capital. Piecing together evidence once dismissed in court and buried in the archives, William Thomas tells an intricate and intensely human story of the enslaved families (the Butlers, Queens, Mahoneys, and others), their lawyers (among them a young Francis Scott Key), and the slaveholders who fought to defend slavery, beginning with the Jesuit priests who held some of the largest plantations in the nation and founded a college at Georgetown. A Question of Freedom asks us to reckon with the moral problem of slavery and its legacies in the present day.
Publisher: Yale University Press
ISBN: 0300256272
Category : History
Languages : en
Pages : 429
Book Description
The story of the longest and most complex legal challenge to slavery in American history For over seventy years and five generations, the enslaved families of Prince George’s County, Maryland, filed hundreds of suits for their freedom against a powerful circle of slaveholders, taking their cause all the way to the Supreme Court. Between 1787 and 1861, these lawsuits challenged the legitimacy of slavery in American law and put slavery on trial in the nation’s capital. Piecing together evidence once dismissed in court and buried in the archives, William Thomas tells an intricate and intensely human story of the enslaved families (the Butlers, Queens, Mahoneys, and others), their lawyers (among them a young Francis Scott Key), and the slaveholders who fought to defend slavery, beginning with the Jesuit priests who held some of the largest plantations in the nation and founded a college at Georgetown. A Question of Freedom asks us to reckon with the moral problem of slavery and its legacies in the present day.
Confessions of a Wall Street Analyst
Author: Dan Reingold
Publisher: Harper Collins
ISBN: 0061740772
Category : Biography & Autobiography
Languages : en
Pages : 372
Book Description
“A well-documented, in-depth look at the Street that names heroes and villains and pulls no punches.” —The Boston Globe Dan Reingold was a top analyst for fourteen years, chief competitor to Salomon Smith Barney’s Jack Grubman in the red-hot telecom sector. He was part of the Street and believed in it. But in this action-packed, highly personal memoir Reingold describes how his enthusiasm gave way to disgust as he learned how deeply corrupted Wall Street and much of corporate America had become during the roaring stock market bubble of the 1990s. Confessions of a Wall Street Analyst provides a front-row seat at one of the most dramatic—and ultimately tragic—periods in financial history. Reingold recounts his introduction to a world of leaks and secret deal-making; his experiences with corporate fraud; and Wall Street’s alarming penchant for lavish spending and multimillion-dollar pay packages. He spars with arch rival Grubman; fends off intense pressures from bankers and corporate CEOs; and is wooed by Morgan Stanley’s John Mack and CSFB’s Frank Quattrone. He tells of confidential deals whispered about days before their official announcement, and recalls the moment he learned that WorldCom was massively cooking its books. And he reveals his shock at being an unwitting catalyst for a series of sexually explicit e-mails that would rock Wall Street; bring Grubman to his knees; and contribute to the stepping aside of Grubman’s boss, Citigroup CEO Sandy Weill. In addition, he shows how government investigators never got to the heart of the ethical and legal transgressions of the era, leaving investors—even sophisticated professionals—cheated. Reingold’s stories range from outrageous to hilarious to simply absurd. But together they provide a sobering exposé of Wall Street: a jungle of greed and ego brimming with conflicts and inside information, and a business absurdly out of touch with the Main Street it claims to serve. “Shows us that much of what propelled the meteoric rise of the stock market in the late nineties was self-interested, sometimes criminal, hot air . . . a riveting and revealing account.” —Michael K. Powell, former chairman, FCC
Publisher: Harper Collins
ISBN: 0061740772
Category : Biography & Autobiography
Languages : en
Pages : 372
Book Description
“A well-documented, in-depth look at the Street that names heroes and villains and pulls no punches.” —The Boston Globe Dan Reingold was a top analyst for fourteen years, chief competitor to Salomon Smith Barney’s Jack Grubman in the red-hot telecom sector. He was part of the Street and believed in it. But in this action-packed, highly personal memoir Reingold describes how his enthusiasm gave way to disgust as he learned how deeply corrupted Wall Street and much of corporate America had become during the roaring stock market bubble of the 1990s. Confessions of a Wall Street Analyst provides a front-row seat at one of the most dramatic—and ultimately tragic—periods in financial history. Reingold recounts his introduction to a world of leaks and secret deal-making; his experiences with corporate fraud; and Wall Street’s alarming penchant for lavish spending and multimillion-dollar pay packages. He spars with arch rival Grubman; fends off intense pressures from bankers and corporate CEOs; and is wooed by Morgan Stanley’s John Mack and CSFB’s Frank Quattrone. He tells of confidential deals whispered about days before their official announcement, and recalls the moment he learned that WorldCom was massively cooking its books. And he reveals his shock at being an unwitting catalyst for a series of sexually explicit e-mails that would rock Wall Street; bring Grubman to his knees; and contribute to the stepping aside of Grubman’s boss, Citigroup CEO Sandy Weill. In addition, he shows how government investigators never got to the heart of the ethical and legal transgressions of the era, leaving investors—even sophisticated professionals—cheated. Reingold’s stories range from outrageous to hilarious to simply absurd. But together they provide a sobering exposé of Wall Street: a jungle of greed and ego brimming with conflicts and inside information, and a business absurdly out of touch with the Main Street it claims to serve. “Shows us that much of what propelled the meteoric rise of the stock market in the late nineties was self-interested, sometimes criminal, hot air . . . a riveting and revealing account.” —Michael K. Powell, former chairman, FCC