Predator's Ball

Predator's Ball

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by Connie Bruck
     
 

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An insightful portrait of junk-bond powerhouse Drexel Burnham Lambert and infamous financier Michael Milken, “one of the most brilliant minds ever to have been dedicated to Wall Street's money games.” (The New York Times).

Milken is purported to have offered to pay award-winning journalist Connie Bruck to stop work on this book,

Overview

An insightful portrait of junk-bond powerhouse Drexel Burnham Lambert and infamous financier Michael Milken, “one of the most brilliant minds ever to have been dedicated to Wall Street's money games.” (The New York Times).

Milken is purported to have offered to pay award-winning journalist Connie Bruck to stop work on this book, the fascinating story of how a singularly brilliant and intensely private investment banker essentially masterminded the creation of the junk bond market, generating billions of dollars in profits for his clients and himself before ultimately being brought down by charges of insider trading, stock manipulation, and fraud under the RICO Act. Bruck’s in-depth narration of the phenomenal career of the man nicknamed “the Junk Bond King” spans Milken’s early dealings in high-yield bonds as well as numerous corporate raids and hostile takeovers guided by tactics that were undoubtedly revolutionary, if sometimes unethical—and occasionally outright illegal. Standing alongside other blockbuster tales of business malfeasance such as Liar’s Poker and Too Big to Fail, The Predators’ Ball is a shocking, bemusing, and enlightening portrait of an era when it seemed anything was possible on Wall Street—as long as Michael Milken was in your Rolodex.

Product Details

ISBN-13:
9781476737713
Publisher:
Simon & Schuster
Publication date:
04/02/2013
Sold by:
SIMON & SCHUSTER
Format:
NOOK Book
Pages:
400
Sales rank:
409,647
File size:
1 MB

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Predator's Ball: How the Junk Bond Machine Staked the Corporate Raiders 4 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
The book starts well enough, describing the evolution of the junk bond market, and Milken's contributions to the 'new' way of merging capital with debt. But it soon devolves into details of each individual transaction, with over-analysis of each on them, the individual players in each. The first fifty pages or so are interesting. After that, it becomes much less so, with a lot of extraneous detail. This detail is really extraneous to the subject, and it becomes quite tiresome. Adding to the problem is that the book was written before the more interesting, legal aspects of Milken's life occurred. Had it been written five years later, that author would have had a better tale to tell.