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Ward says in her stirring introduction that "Lehman was made great and almost brought down twice in the past thirty years, thanks to these two men.
Dick Fuld was pretty much a lieutenant to each. But Ward says emphatically that "despite the endlessly self-perpetuated myth of being a mighty gorilla, Fuld was never truly synonymous with Lehman.
Ward piles on stories of avarice, pettiness and obliviousness. Since Ward talked to scores of sources, there were doubtless long lines of Lehmanites looking to settle scores with Gregory and put Pettit in proper historical context as the beating heart of this once proud firm.
Kindle Edition Verified Purchase. A very good retelling of the latter years of Lehman Brothers. I had already read the 80s book focusing on the Lou Glucksman takeover of Pete Peterson, one of the brightest, most honorable bankers.
I was not aware of the history of Chris Pettit. What a tragic story and what influence only to end so badly.
If you like banker books, true financial stories, buy this book. A very well-researched and written book exposing the greed and ambition which brought a reputable financial institution to its demise.
Shame on all those who contributed to its crash which left all of us the losers, including those "greedy" individuals who never seem to get enough millions in their hands - - what do people do with all that money?
After all the jewels, properties, penthouses, cars, social climbing, ex-wives, mistresses, suicidal drug-addicted children WHAT is left to these individuals?
Emptiness, loneliness and unhappiness - if you ask me! Clearly, the fall of Lehman, not to mention the entire economic crisis for which Wall Street was the epicenter , is incredibly complex.
I frequently found myself, as I read her book, dashing off to the computer to conduct brief research excursions to better understand some of the concepts she introduced to me, a layman.
I believe she did a great job in painting the big picture. I, for one, will go read some more books on this subject.
Kudos, by the way, to Ward for not giving up when she lost a tremendous amount of her taped interviews. One person found this helpful.
I purchased this book because I wanted to know what was going on inside Lehman while they went bankrupt and started a cascade of banking problems that ended up in the worst financial crisis since the Great Depression.
While it is somewhat interesting from that point of view, it disappoints in its details about what was going on during crunch time. I almost stopped reading it for that reason alone.
Unfortunately for those waiting for a well written piece of serious journalism covering it, this is another, however better connected and stylish, version of the MacDonald book.
Ward clearly was seduced by senior members of the firms previous administration and they employ her to tell the story of how righteous the firm was before Fuld and Gregory.
The author, Ward, is a so very charming, well-spoken, seductive and snarky--catnip to the chat shows but she tends to dismiss, ignore or mis-attribute the astounding success through the 80s and 80s , instead casting it in the salacious light of planes, shopping trips, spouses and gossip.
For anyone with more than a passing interest in the business world it is not. See all 54 reviews. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.
Learn more about Amazon Giveaway. Set up a giveaway. What other items do customers buy after viewing this item? Learn more about Amazon Prime.
Get fast, free shipping with Amazon Prime. I always made sure to pay for the night out at the black jack tables. Especially if you do it on a regular basis.
If you instead only win a little, enough to pay for your drinks, then you are very unlikely to attract any negative attention.
They might even appreciate your play as it shows spectators that it possible to win money. Spectators that might loose when they try to do the same thing.
Spectators that think your skill is based on luck. Nightclubs and bars can in other words be an excellent place to win a little money but will not allow you to make a living out of gambling.
If you feel that you want gamble more or if you want to be able to play a larger selection of games than you should consider start playing casino games online.
As corruption grows in s Los Angeles, three policemen -- one strait-laced, one brutal, and one sleazy -- investigate a series of murders with their own brand of justice.
An undercover cop and a mole in the police attempt to identify each other while infiltrating an Irish gang in South Boston.
This Martin Scorsese film depicts the Janus-like quality of Las Vegas--it has a glittering, glamorous face, as well as a brutal, cruel one.
Ace Rothstein and Nicky Santoro, mobsters who move to Las Vegas to make their mark, live and work in this paradoxical world.
Ace is the smooth operator of the Tangiers casino, while Nicky is his boyhood friend and tough strongman, robbing and shaking down the locals.
However, they each have a tragic flaw--Ace falls in love with a hustler, Ginger, and Nicky falls into an ever-deepening spiral of drugs and violence.
It was refreshing for a movie to finally show that not all gamblers are stupid, but instead one of those who takes advantage of the many who are.
Sharon Stone plays the psychotic Ginger, a once-in-a-lifetime role in that it was the only time in my life I could bear to watch her on film.
The supporting cast is strong, led by James Woods and Don Rickles excellent in his dramatic capacity , and the movie is generally well-acted.
This film is based on the true story of what happened when the mob tried to put its men in suits and have them heading a casino, and why it has never been tried since.
The homage paid to the incestuous nature of Nevada politics was an excellent touch. Plus, we hear why more than one celeb wants to be snowed in with Idris Elba.
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Full Metal Jacket Lock, Stock and Two Smoking Barrels Edit Cast Cast overview, first billed only: Ginger McKenna Joe Pesci Nicky Santoro James Woods Lester Diamond Don Rickles Billy Sherbert Alan King