Den of Thieves - C-Format

Zusatztext Stewart takes the reader through the maze of arcane Wall Street dealings as if he were writing a detective story. Informationen zum Autor James B. Stewart is a columnist at The New York Times and the author of numerous books including the blockbuster Den of Thieves, Blood Sport, DisneyWar, and his most recent New York Times bestseller, Unscripted . He won the 1988 Pulitzer Prize for his reporting on the stock market crash and insider trading. He is a regular contributor to SmartMoney and The New Yorker. He is a professor of business journalism at Columbia University and lives in New York. Klappentext Now in paperback, the explosive #1 bestseller from the Pulitzer Prize-winning Front Page Editor of The Wall Street Journal that blows the lid off insider trading. With all the elements of a miniseries, Den of Thieves reveals how SEC agents and detectives caught the biggest crooks Wall Street has ever seen. Serial rights to The Wall Street Journal, Cosmopolitan, and The National Law Journal. 16 pages of photographs. Leseprobe Chapter 1 Martin Siegel, the youngest member of the class just graduated from the Harvard Business School, reported for work at Kidder, Peabody & Co.'s Manhattan headquarters at 20 Exchange Place in August 1971. That morning, the 23-year-old Siegel wandered through the halls looking at the portraits of Henry Kidder, Francis Peabody, Albert R. Gordon, and others that hung above the Oriental rugs and slightly threadbare carpets. Siegel tried to absorb the images of this strange and rarefied world of old money and discreet power. He didn't have much time for reflection. He and his new wife hadn't even unpacked before he was thrown into a day-and-night project to win some new underwriting business from the Federal National Mortgage Association. Siegel's partner on the project made little impression on him, except for his name: Theodore Roosevelt IV, or maybe V; Siegel could never remember which. In 1971, with the Vietnam War still raging and spurring opposition to the Establishment, few top students were going to business school, let alone Wall Street. Siegel, one of the top graduates in his Harvard class, had had his pick of nearly every major investment bank and securities firm. He had applied to 22; all had shown interest. Kidder, Peabody, with about $30 million in total capital, barely ranked in the country's top 20 investment firms. In the hierarchy of Wall Street, Kidder, Peabody was in the second-tier, or "major" bracket. It didn't rank in the elite "special" bracket with Salomon Brothers, First Boston, Morgan Stanley, Merrill Lynch, or Goldman, Sachs. Though the winds of change were apparent in 1971, Wall Street was still split between the "Jewish" and the "WASP" firms. At an earlier time, when major corporations and banks had discriminated overtly against Jews, Wall Street had rewarded merit and enterprise. Firms like Goldman, Sachs, Lehman Brothers, and Kuhn Loeb (made up historically of aristocratic Jews of German descent) had joined the ranks of the most prestigious WASP firms: Morgan Stanley -- an outgrowth of J. P. Morgan's financial empire -- First Boston, Dillon, Read, and Brown Brothers Harriman. Giant Merrill Lynch Pierce Fenner & Smith, something of an anomaly, had once been considered the "Catholic" firm. Kidder, Peabody remained firmly in the WASP camp. Siegel was the first Jew it hired in corporate finance. Siegel was looking for variety and excitement. Only investment banking offered the prospect of an immediate market verdict on a new stock issue or the announcement of a big acquisition. He had narrowed his choices to three firms: Goldman, Sachs, Shearson Hayden Stone, and Kidder, Peabody. A Goldman recruiting partner phoned, and asked, if Goldman made him an offer, would he accept? Siegel didn't commit. Shearson Hayden Stone offered him the la...

Product details

• Authors: James B. Stewart, James Brewer Stewart
• Publisher: Simon & Schuster UK
• Languages: English
• Product format: Paperback / Softback
• Released: 13.11.1992
• EAN: 9780671792275
• ISBN: 978-0-671-79227-5
• No. of pages: 587
• Dimensions: 140 mm x 215 mm x 34 mm
• Subject: Social sciences, law, business > Business > Management