The Murder of Lehman Brothers: An Insider's Handbook to the Global Meltdown

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NEW - excellent, clean condition - hard bound with dust jacket *The Murder of Lehman Brothers: An Insider's Look at the Global Meltdown* Publisher: Brick Tower Books * Author: ... Joseph Tibman Read more Show Less

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188328371X Dust jacket condition: New. Writing under the pseudonym Joseph Tibman, the author bares all in The Murder of Lehman Brothers. He explains the feud that erupted, soon ... after the death of the last Lehman Family CEO, between the two "houses" of Lehman-the investment bankers, those patrician, finely appointed, old-money denizens and the sales and trading group, brown-bagging, scrappy warriors-that ended in the bloody near-death of both sides of the house with the company's sale to American Express. He provides the most detailed account on record of the rise of Dick Fuld from junior j trader to CEO; Fuld, an executive Trojan gift-horse presented to the company by Harvey Golub, CEO of American Express; Fuld, nicknamed "the Gorilla" because of his legendary inarticulateness, who rose above his nickname just once, but profoundly, at the seminal, game-changing moment of the 9/11 attacks. The story of indulgence and responsibility does not end with Fuld and his cronies. The Murder i of Lehman Brothers is the ... Read more Show Less

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Overview

The Murder of Lehman Brothers sheds light on the perfect, complex storm that led to Lehman's collapse and the ensuing global consequences. It includes a brief history of Lehman, highlighting certain notable events, including a previous near collapse, the rise of Richard Fuld and the one-firm culture, the repeated mistakes made by providers of credit, inventing new financings—rationalizing that while profitable, these risky endeavors are actually not risky, more specifically subprime mortgages and Lehman's role, as well as an internal battle over Lehman's embrace of a massive real estate book, the emergence of Lehman as a top tier firm, the unraveling that began with the subprime meltdown,...

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Overview

The Murder of Lehman Brothers sheds light on the perfect, complex storm that led to Lehman's collapse and the ensuing global consequences. It includes a brief history of Lehman, highlighting certain notable events, including a previous near collapse, the rise of Richard Fuld and the one-firm culture, the repeated mistakes made by providers of credit, inventing new financings—rationalizing that while profitable, these risky endeavors are actually not risky, more specifically subprime mortgages and Lehman's role, as well as an internal battle over Lehman's embrace of a massive real estate book, the emergence of Lehman as a top tier firm, the unraveling that began with the subprime meltdown, and gained vigor with the fall of Bear, and the consequences of Lehman's fall.

Product Details

  • ISBN-13: 9781883283711
  • Publisher: Brick Tower Press
  • Publication date: 9/25/2009
  • Pages: 275
  • Sales rank: 836,397
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.10 (d)

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Sort by: Showing all of 3 Customer Reviews
  • Anonymous

    Posted May 3, 2010

    One of the worst books I've ever read. It was verbal vomitus that was poorly written with no evidence of either editing or proofreading.

    It read as if the author had simply narrated his stream of consciousness into a tape recorder and had it transcribed and published without any review, editing or proofreading. It seemed as if he used the phrase "drank the Kool-Aid" at least once on every page. The author appeared to be enamored of adjectives and adverbs which he used extravagantly. As a result, his purple prose was painful to read. There were a few interesting nuggests, but it wasn't worth reading 250+ pages to find them. It was just awful!

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  • Posted April 13, 2010

    more from this reviewer

    Lehman Brothers Fall and CEO Hubris

    The book presents a classic case of CEO hubris. In particular, how CEO Fuld was unwilling either to step back from the precipice of securitized mortgages or to sell the company while there was still hope.

    The book also provides a short history of Lehman Brothers, which helps set the stage for its eventual demise into a bankrupt company.

    The book's only deficiency is the author's unwillingness to provide his identity, which makes one wonder if the purpose of the book was merely to write a history of events or to advance some other agenda.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted August 18, 2010

    No text was provided for this review.

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