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Human Capital

Human Capital

by Stephen Amidon

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It's the spring of 2001, and Drew Hagel has spent the last decade watching things slip away--his first marriage, his real estate brokerage, his beloved daughter, Shannon, now a distant and mysterious high school senior. He is in danger of losing his place in the affluent suburb that his father once ruled. And then an unexpected friendship with Quint Manning, the


It's the spring of 2001, and Drew Hagel has spent the last decade watching things slip away--his first marriage, his real estate brokerage, his beloved daughter, Shannon, now a distant and mysterious high school senior. He is in danger of losing his place in the affluent suburb that his father once ruled. And then an unexpected friendship with Quint Manning, the manager of a secretive hedge fund, opens to Drew the prospect of vast, frictionless wealth. What Drew doesn't know is that Manning has problems of his own--his Midas touch is abandoning him; his restless wife, Carrie, is growing disillusioned with all that new money; and his hard-drinking son, Jamie, Shannon's classmate, is careering out of control.

As the fortunes of the two families because perilously interwoven, a terrible accident involving Shannon and Jamie gives Drew the leverage he needs to stay in the game. But his decision to speculate with human lives instead of money has unforeseen consequences and brings the novel to a devastating climax. Human Capital is the highest achievement to date of a "powerful and perceptive" novelist (The Washington Post) and a realist for our times.

Editorial Reviews

Publishers Weekly
Tensions, lies and hypocrisy lurk beneath the cool exteriors of Totten Crossing, Conn., in this fine new novel of suburbia from Amidon (The New City; Subdivision). In an effort to keep up with the Joneses, fading real estate broker Drew Hagel sinks all his money into a hedge fund that goes bust. Meanwhile, his second wife, psychologist Ronnie, is pregnant with twins, and his teenage daughter, Shannon, is experiencing first love with Ian, one of Ronnie's young patients, whose mother died of cancer when he was 14, leaving him a large sum of insurance money that he will inherit when he turns 18. Ian's uncle, David, a decent man with few prospects, plans on using the inheritance to fulfill his dream of owning a bar in North Carolina. Finally, Carrie Manning has grown restless and uncomfortable with her broker husband's wealth and embarks on a brief affair. All these lives collide on one fateful night when Ian accidentally strikes and kills a bicyclist while driving home from an end-of-year high school party; the vehicle belongs to Jamie, Carrie's hard-drinking teenage son. It all sounds a bit like Peyton Place, but Amidon's intentions are far more serious. Writing with a sociologist's insight, he crafts a sharp page-turner mined with moments of dark satire. Amidon's previous novels had moments of profundity, but this exceptional novel delves deeper and more passionately into the fractured lives of people whose lives revolve around money. Its impact lingers long after the final credits roll. Agent, Henry Dunow. (Oct.) Forecast: A blurb from Tom Perrotta (Little Children) should attract the right readers and help raise Amidon's profile. Booksellers can recommend the novel to fans of Jonathan Franzen's The Corrections, too. Copyright 2004 Reed Business Information.
Library Journal
In his engrossing new novel, Amidon (The New City) uses the volatility of the stock market in the early 21st century to chart the fortunes (monetary and otherwise) of two troubled families in suburban Connecticut. Drew Hagel's real estate business is going under, a fact he's neglected to share with his second wife, psychologist Ronnie. His rebellious teenage daughter, Shannon, falls in love with manic-depressive Ian, a boy from the wrong side of the tracks whom Ronnie is treating. Drew decides to sink all his remaining cash in a hedge fund managed by Quint Manning, the richest man in town, whose son Jamie, a budding alcoholic, was once Shannon's boyfriend. Matters come to a head when Ian is involved in a fatal hit-and-run while driving Jamie's car home from a party and the hedge fund badly underperforms. Although this sounds like a prime-time soap opera, Amidon's fluid writing makes readers care about his characters. Recommended for most fiction collections. [See Prepub Alert, LJ 6/15/04.] Nancy Pearl, formerly with Washington Ctr. for the Book, Seattle Copyright 2004 Reed Business Information.
Kirkus Reviews
Working in the towering tradition of Dreiser, Amidon (The New City, 2000, etc.) insightfully examines financial maneuvers that lead to personal catastrophe for three families in a Connecticut suburb. Drew Hagel, whose real estate firm has been floundering ever since his first wife left him a decade ago, has invested money he doesn't really have in the hedge fund of Quint Manning, a cool ultra-rationalist who gets fabulous returns betting on the volatility of global markets. Without those returns, Drew can't afford to send daughter Shannon to college or hang onto the house he inhabits with his very pregnant second wife. Quint has his own problems: son Jamie, buffeted by dad's exacting expectations, has been drinking so heavily that Shannon recently broke off their relationship; wife Carrie, the novel's boozy moral conscience, is disgusted by their privileged life and her role in it. Shannon gets a glimpse of how this world looks from the underside through her passionate love affair with Ian Warfield, on probation for a drug rap he took for his uncle and guardian David, a limousine driver who dreams of using money left to Ian by his dead mother to buy a bar in North Carolina. When dead-drunk Jamie asks Shannon to drive him home from a party and Ian accidentally hits a bicyclist with Jamie's Jeep, disaster unfolds for all these flawed, fallible people whose basic decency is trumped by their individual demons and their flailing attempts to find a foothold in a society in which "the lesson on offer was that you'd better win." Vulnerable, deeply troubled Ian suffers the most hideous consequences; the story's scathing, though never overstated, conclusion is that rich folks will generally get offthe hook. But no one is left unharmed, and Drew's shameful actions, prompted by a squirmingly plausible blend of self-interest and a pathetic desire to be decisive, result in the bitter alienation of his wife and daughter. Richly complex and genuinely tragic, painfully cognizant of the lethal interaction among human weakness, skewed societal values, and the random blows of fate. Agent: Henry Dunow/Dunow & Carlson
From the Publisher

“Gripping . . . Stephen Amidon is the rare writer who can illuminate the secrets of money and love with equal authority.” —Tom Perrotta, author of The Leftovers

“Amidon proves himself a nimble storyteller . . . We finish this novel not only with an appreciation of his skill at orchestrating suspense but also with a keen understanding of the emotional consequences of his characters' decisions.” —Michiko Kakutani, The New York Times

“Amidon nails it . . . Human Capital is terrific.” —Jonathan Yardley, The Washington Post

“A splendid novel with the satiric bite of The Bonfire of the Vanities and perhaps the most inexorable plot since House of Sand and Fog.” —The Seattle Times

“In Stephen Amidon's brilliant Human Capital a specter is haunting America--not the specter of Socialism that Marx once envisioned, but the 21st Century specter of Failure. Amidon combines the intellectual acuity of a social theorist, the steady powers of observation of a first rate reporter, and the sympathy and grace of a natural writer. From its very beginning, Human Capital seizes us and plunges us into the grand delirium of reading about characters--men, women, boys, girls--whose fates we eagerly, agonizingly follow to the last, lovely page.” —Scott Spencer, author of Endless Love

“Stephen Amidon's beautiful and terrifying Human Capital is an ever-tightening knot of money, love, sex, and lies. This roaring read cuts to the heart of how we live now in America, risking all for the almighty dollar. His best book yet.” —Colin Harrison, author of The Havana Room

Human Capital turns over the rock of NASDAQ affluence and lets us see the squirmy things underneath. Stephen Amidon's plot full of secrets reveals his garden-green Stepford suburb as an ethical desert, his characters driven and ultimately damned by their selfishness. An entertaining, scathing, very American fable.” —Stewart O'Nan, author of The Speed Queen and The Night Country

Product Details

Publication date:
Edition description:
First Edition
Product dimensions:
5.50(w) x 8.50(h) x 0.85(d)
Age Range:
14 - 18 Years

Read an Excerpt




Copyright © 2004 Stephen Amidon
All right reserved.

ISBN: 0-374-17350-8

Chapter One

Drew Hagel was going to be late for the banquet. He knew it the moment he pulled out of the parking lot and saw the stationary line of traffic on Federal. He'd wanted to leave the office no later than five-thirty, allowing himself plenty of time to make the six-mile drive up to the historic village. The roads could be tricky at this hour, and finding a parking place near Country Day during a school function would be next to impossible. Thirty minutes would guarantee he wasn't late. In fact, he'd probably get there early. That was all right, giving him some time alone with the Mannings. The invitation to join their table had been a piece of rare good fortune; he had every intention of savoring it.

But just after he'd finished packing, there was a perfunctory knock on his office door and in walked Andy Starke. He seemed friendly enough as he performed his usual sly, loose-limbed greeting, though his eyes were ominously grave. They had been exchanging phone messages for the past week-or more accurately. Drew had been avoiding the other man's calls-and now Starke had taken it upon himself to force the issue with a surprise visit. There was no escape. Starke had the look of a man owed serious money as he lowered himself into the chair opposite the big oak desk. Moments like these made Drew wish he hadn't let Janice go. She'd have sent Starke packing with little more than a ferocious look. She was smart and loyal, and she'd learned the business under Drew's father. Unfortunately, her loyalty hadn't extended to working without a salary.

"I was just in the neighborhood," Starke said.

A low-voltage joke: His bank was two blocks away. It was only by careful maneuvering that Drew had avoided bumping into him on the street.

"Been trying to get hold of you," he continued.

"Sorry about that," Drew said. "Things have been hopping."

Starke's expression briefly registered the office's sepulchral stillness.

"Glad to hear that. Anyway, thought I'd stop by and save you a call."

Drew nodded, ceding control of the conversation.

"How's Ronnie?" Starke asked.

"Good. We'll, you know. It's getting to he something of a load."

"She still working?"

"She's going to try to give it another month."

"And Shannon?"

"Great. It's her senior banquet tonight. In fact-"

"Senior," Starke said, refusing to be rushed. "That must freak you out."

"I don't know if I feel too young to have one her age or too old to have babies on the way."

Starke nodded at this, his chin jutting in rumination, as if this were some nugget of profound wisdom. And then he got down to the matter at hand.

"So. Drew. 1 was sort of under the impression we were going to get us some of that long green last week."

"Andy, what can I tell you. This lawyer in New York is dicking me around on an escrow."

"So what's the deal?"

"Next week," Drew said before he'd really thought about his answer.

Starke began to nod, that long jaw still jutting.

"Next week's good. It's not last week, but then again it's not the week after next." He sighed. "You know my problem here, right?"

Drew nodded. Starke told him, anyway.

"This is the third month you've missed. Bells and whistles time. Sixty-day delinquencies are supposed to go to Collections. I've held them off this far but ..."

"I've got about five sales in the works. Honestly. Tell them that."

"I have been telling them that."

"Andy, come on. This is me you're talking to."

Starke didn't appear to take much comfort from this information.

"So I can tell them next week for sure?"

"Yes," Drew said. "Absolutely."

It was a minor lie; he'd be able to give the bank its money in a little less than a month. Starke stared at him blankly, then gave a capitulating smile. They talked for a while about sports and the economy and Shannon's decision to attend Oberlin. Although the tone was friendly, Drew couldn't help but feel there was something punitive in the way Starke lingered. Finally, he slapped the chair's weathered arms and stood, scowling for a moment, as if he'd just eaten something disagreeable.

"Hey, and Drew, for future reference?" A note of offense had crept into his voice. "A little respect. Return your calls."

Drew gave him a minute to clear the building before rushing from the office, his leisurely procession across town now set to be a mad scramble. As he rode the building's groaning elevator, he fought off the temptation to be angry with Starke. The man was only doing his job. He'd been a good friend to Drew, arranging the loan and then its extension. And he'd clearly been responsible for the bank's leniency so far. They'd known each other for the better part of a decade, working together on the financing for dozens of sales, meeting for regular drinks at Bill's Tavern. Drew wished he could tell him how good everything was about to become, though Starke would be furious if he knew what he'd done with the money. He would just have to keep stalling him for the next few weeks. After that Starke would be happy. The credit card people and the bursar at Oberlin; the contractors and the obstetrician. Everybody would be getting his due.

Drew's pleasure at this thought evaporated when he saw the wall of cars at the parking lot's exit. Traffic in Totten Crossing was getting worse with each season. Seventy years ago the only obstacle to traveling from one end of Federal to the other was a solitary, flashing yellow, fooling no one as it winked with jaundiced indifference at the occasional drivers. Now there were a half dozen lights on the town's main street, programmed by a suite of remorseless Scandinavian software to slow everything to a sluggish crawl. As Drew waited for a space to open, he briefly contemplated a shortcut through one of the neighborhoods surrounding downtown, a route he remembered from boyhood bicycle journeys. But these streets had changed as well, reconfigured to be terminal, twisted into cul-de-sacs or blocked by steel security gates. Passing through was no longer an option.

Someone let him in. Traffic started to move. Drew popped open his briefcase and removed a few shortbread cookies. He was hungry, and there was no telling what they'd be serving at the banquet. As he rolled forward, he allowed himself to believe that the delay wouldn't be so bad. Fifteen minutes, tops. These functions never started on time. People would be slow getting to their tables; the kids, giddy with spring, would horse around. Shannon and Ronnie would certainly be there by now; his daughter would stay at school, while his wife finished work with her four o'clock bulimic. Their presence would cover his lateness. In fact, a late-but-not-too-late arrival might be good. Drew pictured himself making his way across the crowded dining hall, nodding to people who wondered where he thought he was going, answering their questions by taking his seat at the thirty-thousand-dollar table just a few strides from the dais.

But then traffic came to another stop, blocked this time by the bad intersection of Federal and Totten Pike, the old post road crossing that had given the town its name three hundred years ago. It would take ages to get through, especially if you wanted to make a left. There were at least two dozen cars ahead of him. By the time the intersection cleared there was only time for three of the turning cars to get through. He looked around for an escape route, quickly determining that if he cut behind the dry cleaners, then through the Cumberland Farms parking lot, he could bolt across the pike and take one of the unbarricaded lanes to Old Totten Village. It was risky-people wouldn't exactly be falling over one another to make room for him once they saw what he was up to-but if he didn't take a chance, then he would certainly show up unacceptably late. Come on, he thought as he slid a last chunk of shortbread into his mouth. Jake a decision. Be bold. You're supposed to have changed-prove it. Be the new Drew Hagel.

He made a quick left, cutting off an oncoming Audi. The driver flashed his high beams, a wagging finger of light that suggested he was one of the transplanted European bankers seen frowning over the sausage selection at Earth's Bounty The alley behind the shops looked more like the Totten Crossing of Drew's youth: flattened beer cans, teeming Dumpsters, and smudges of crushed mammal. He took another deep breath and plunged through the stalled traffic on Totten Pike. After that his plan worked perfectly. The back streets were clear. He made it to Old Totten within two minutes.

Although the settlement's brick buildings had closed to tourists for the night, the road was lined with cars that had spilled over from the Country Day lot. The senior banquet was a big pull. Only a handful of misfits failed to attend, a group that might well have included the Hagels if not for Quint's invitation. Like everything else at Country Day-the silent auctions and benefit performances and class trips-the banquet could rapidly empty Drew's already thin wallet. The idea was that groups of parents would band together, creating "table totals" that would determine their proximity to the platform from which student awards would be dispensed. Ten years ago this naked elitism had been nothing more than a rumor: now it was explicit policy. As things stood, Drew could barely make the minimum of two hundred dollars per seat, a donation that would place him in a far-flung Siberian exile with the financial aid crew. With Shannon about to graduate, there was no reason to spend an evening on the fringes of conspicuous consumption. The Spring Fling auction had been bad enough, with Drew's sole bid on a weekend at somebody's place on Martha's Vineyard beaten by an offer that was five times greater. It would be better not to go at all.

Then Quint bad called. Or rather, it bad been his assistant, asking the Hagels to join the Mannings at the banquet. Drew had haltingly replied that he wasn't sure how much he could contribute, remembering that last year's top tables had gone for something like thirty grand. For ten seats. There was a chilly spell of silence.

"You would be Mr. Manning's guest, of course," she said, her voice stiffening.

He'd tried to sound cool as he accepted, though he was secretly elated to receive such a gesture from Quint. It had been almost three months since they'd last spoken, and Drew was getting worried. He'd directed a few guarded remarks at Shannon to see if she could find out anything from Jamie, though he had to be careful, since his daughter didn't know about his involvement with Quint's fund. She hadn't been able to tell him much. Quint was busy. What else was new? Drew had called the Mannings' house a few times on the pretext of getting a tennis game together, but the messages he left on the machine had gone unanswered. All sorts of dark scenarios had begun to play through his mind, especially once he stopped being able to meet the hefty payments on his equity credit line. And then Andy Starke started calling and Drew felt the first faint stirrings of panic. He was getting ready to make an unannounced visit to Quint's office when the banquet invitation had come through. There was nothing wrong at the fund. Quint was a private man. He was busy. In a few weeks it would all come good. Forty-four percent. A hundred and ten thousand dollars of clean and absolute profit.

Drew's elation had been tempered by the prospect of convincing his wife and daughter to attend. To his surprise, both had been pushovers. Although Ronnie would hate the thinly veiled parental warfare that was sure to take place at a senior awards ceremony, she was eager for the chance to improve her relationship with Shannon. The fact that Quint was paying didn't hurt, either. She was scheduled to be on call but promised to switch with a colleague.

Shannon also agreed without hesitation. Until recently it was doubtful she had any intention of celebrating her time at Country, Day After trying on just about every kind of relationship with her classmates-petulant rebellion during her freshman year, pathetic stabs at conformity as a sophomore, her startling ascendance to the class's vanguard while dating Jamie Manning as a junior-she had finally settled on utter alienation. She'd missed the cotillion and the senior trip to Nova Scotia, and Drew never heard her speak about her classmates at all, never heard her talk about a single subject she was studying.

But everything had changed in the past few weeks. His daughter had become an enthusiastic member of the senior class. Drew had been shocked by the transformation, especially after having heard so many bitter diatribes about the school's stupidity and superficiality. Shannon began attending parties, staying late after school, taking day trips to the shore. Much of this time seemed to be spent with Jamie, leading Drew to wonder if they were seeing each other again. Whatever the reason, she'd finally found her place at Country Day. When he told her that they were going to the banquet after all, she accepted without hesitation. And so it was set. They'd all be going, guests of the Mannings, whose table by the stage was reachable only by a long walk across the crowded floor.

As he feared, the closest open parking space was several hundred yards from the school. He strode quickly along the swept dirt path fronting the restored houses, each bearing an embossed brass plaque chronicling the slaughter and deprivation that had been visited upon the settlers. Country Day had started as a slightly cranky alternative school shoehorned into the village's drafty old meetinghouse, but over the past few decades it had spread into a complex of new buildings. There was currently a new science center in the works, beneficiary of tonight's largesse. They'd need the room; the school's waiting list now numbered well over one hundred, even though the tuition had nearly doubled in the four years since Shannon had enrolled.

Drew moved through the school parking lot, packed tightly with North European steel. He was finally able to relax when the main building came into view. People were still arriving. He paused between two cars to catch his breath, his eyes coming to rest on a familiar black Lexus in the next row. It was Carrie Manning's. There was someone in the driver's seat. Drew moved a few lateral feet to confirm that he was looking at the unmistakable sweeping blond hair of Quint's wife. He waited for her to get out so he could accompany her into the dining hall. But she appeared to be staying in the car. He wondered if she was on the phone. That was all right; he could wait out a call. If you arrived with Carrie, you were by definition on time.

But she wasn't on the phone. She was weeping. Not crying-that was too mild a term. There was an abandon that went far beyond tears.


Excerpted from HUMAN CAPITAL by STEPHEN AMIDON Copyright © 2004 by Stephen Amidon. Excerpted by permission.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.

Meet the Author

STEPHEN AMIDON's previous books include The New City and Subdivision. He lived and worked in London for fifteen years before returning to the United States, where he lives in Greenfield, Massachusetts, with his wife and children.

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