Advanced
Error loading page.
Try refreshing the page. If that doesn't work, there may be a network issue, and you can use our self test page to see what's preventing the page from loading.
Learn more about possible network issues or contact support for more help.
Title details for Greed and Glory on Wall Street by Ken Auletta - Available

Greed and Glory on Wall Street

The Fall of the House of Lehman

by Ken Auletta
ebook
1 of 1 copy available
Borrow Read a sample Read a sample
1 of 1 copy available
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.

  • Creators

  • Publisher

  • Release date

    September 29, 2015

  • Formats

    • Kindle Book

    • OverDrive Read

      • ISBN: 9781504018609
      • File size: 1711 KB

    • EPUB ebook

      • ISBN: 9781504018609
      • File size: 2268 KB

  • Languages

    • English

  • Reviews

    • Publisher's Weekly

      December 2, 1985
      Based on probing research, this modern morality tale is an expansion of a 1984 New York Times Magazine article on the ruinous behind-the-scenes struggle between two top officers of the 134-year-old private investment banking firm Lehman Brothers Kuhn Loeb. 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. 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. Wall Street, he claims, is well on its way to being dominated by a few superpowers that combine all financial services under one roof. Photos not seen by PW. Major ad/promo; Fortune Book Club selection; BOMC alternate; author tour. January

    • Publisher's Weekly

      March 1, 1987
      New Yorker writer Auletta here relates the vicious behind-the-scenes struggle between two top officers of the former investment banking firm of Lehman Brothers Kuhn Loeb, which was thereafter swallowed up by Shearson/American Express. PW called this a "modern morality tale.''

Formats

  • Kindle Book
  • OverDrive Read
  • EPUB ebook

subjects

Languages

  • English

Loading
Check Out What's Being Checked Out Right Now