Wall Street Meat: Jack Grubman, Frank Quattrone, Mary Meeker, Henry Blodget and Me

( 1 )

Overview

Wall Street is a funny business. All you have is your reputation. Taint it and someone else will fill your shoes. Longevity comes from maintaining that reputation.

Ask Jack Grubman, the All-Star telecom analyst from Salomon Smith Barney stuck recommending the Worldcom and Global Crossing disasters. Or uber-banker Frank Quattrone, who did a few too many skanky IPOs at CS First Boston. Or Morgan Stanleys Mary Queen of the NetMeeker. Or Henry ...

See more details below
Available through our Marketplace sellers.
Other sellers (Hardcover)
  • All (28) from $1.99   
  • New (4) from $6.98   
  • Used (24) from $1.99   
Close
Sort by
Page 1 of 1
Showing All
Note: Marketplace items are not eligible for any BN.com coupons and promotions
$6.98
Seller since 2007

Feedback rating:

(554)

Condition:

New — never opened or used in original packaging.

Like New — packaging may have been opened. A "Like New" item is suitable to give as a gift.

Very Good — may have minor signs of wear on packaging but item works perfectly and has no damage.

Good — item is in good condition but packaging may have signs of shelf wear/aging or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Acceptable — item is in working order but may show signs of wear such as scratches or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Used — An item that has been opened and may show signs of wear. All specific defects should be noted in the Comments section associated with each item.

Refurbished — A used item that has been renewed or updated and verified to be in proper working condition. Not necessarily completed by the original manufacturer.

New
2003-03-17 Hardcover New Hardback w/ DJ. You are buying a Book in NEW condition with very light shelf wear.

Ships from: Wilmington, NC

Usually ships in 1-2 business days

  • Canadian
  • Standard, 48 States
  • Standard (AK, HI)
  • Express, 48 States
  • Express (AK, HI)
$37.40
Seller since 2013

Feedback rating:

(87)

Condition: New
New New, Free deliver confirmation! Satisfaction guaranteed!

Ships from: Rahway, NJ

Usually ships in 1-2 business days

  • Canadian
  • International
  • Standard, 48 States
  • Standard (AK, HI)
  • Express, 48 States
  • Express (AK, HI)
$38.98
Seller since 2008

Feedback rating:

(15)

Condition: New
2003 Hard cover New in new dust jacket. Sewn binding. Cloth over boards. 208 p. Audience: General/trade.

Ships from: Orlando, FL

Usually ships in 1-2 business days

  • Canadian
  • International
  • Standard, 48 States
  • Standard (AK, HI)
  • Express, 48 States
  • Express (AK, HI)
$45.00
Seller since 2014

Feedback rating:

(136)

Condition: New
Brand new.

Ships from: acton, MA

Usually ships in 1-2 business days

  • Standard, 48 States
  • Standard (AK, HI)
Page 1 of 1
Showing All
Close
Sort by
Sending request ...

Overview

Wall Street is a funny business. All you have is your reputation. Taint it and someone else will fill your shoes. Longevity comes from maintaining that reputation.

Ask Jack Grubman, the All-Star telecom analyst from Salomon Smith Barney stuck recommending the Worldcom and Global Crossing disasters. Or uber-banker Frank Quattrone, who did a few too many skanky IPOs at CS First Boston. Or Morgan Stanleys Mary Queen of the NetMeeker. Or Henry Blodget, whose $400 price target on Amazon.coms stock got him a job at Merrill Lynch.

They probably wont tell you anything. But I will. I sat next to Jack Grubman when we both started at Paine Webber. Later at Morgan Stanley, I did deals with Frank Quattrone and was a mentor to Mary Meeker. During the heat of the Internet bubble, I befriended Henry Blodget. Have I got some great stories for you.

Add to these four folks the strategists and axes, barking dogs and Piranhas, ducks and momos, Vomit Comets and Joe Six-Stock, and youll get a clear picture of how Wall Street works and how analysts and bankers went from merely being famous to become notorious.

We really were just pieces of Wall Street Meat. The Street is a disgustingly lucrative capital-raising machine -- its players keep half of the revenues they generate. The tales of Jack, Frankie, Mary, Henry and all the rest of us are important, if only to show how powerful and then how fickle Wall Street can be. Creeping hubris is terminal.

Read More Show Less

Editorial Reviews

Washington Post
[Wall Street Meat] may be the most insightful and readable inside look at the world of finance since Michael Lewis's Liar's Poker. Rich in anecdote and toldf in a breezy, self-effacing voice, Wall Street Meat gives a historical account of how the industry's competitve dynamics eroded its ethics by the time of the late-1990s mania.—Steven Pearlstein
Read More Show Less

Product Details

  • ISBN-13: 9780972783217
  • Publisher: Escape Velocity Press
  • Publication date: 5/15/2003
  • Pages: 208
  • Product dimensions: 6.33 (w) x 9.35 (h) x 0.92 (d)

Read an Excerpt

Wall Street Meat

Jack Grubman, Frank Quattrone, Mary Meeker, Henry Blodget and Me
By Andy Kessler

Escape Velocity Press

Copyright © 2003 Andy Kessler
All right reserved.

ISBN: 0972783210


Excerpt

Chapter One

Right 51% of the Time

I dialed the phone number in the ad.

"Hello, Research," said the woman on the other end of the line.

"Huh???" I thought. "Research?"

"If you could be so kind, may I speak with Robert Cornell, please?" I can turn on polite in a hurry.

"He's gone for the day. May I take a message?"

"Have him call Andy Kessler at this number, and by the way, research where?"

"Paine Webber."

Now I had seen the Thank You Paine Webber commercials with Jimmy Connors but had no clue what Paine Webber even was. No problem, I'll figure it out tomorrow. It's 1985 and I'm 26 and in no rush.

Bob called back the next morning. He had a deep exotic, take-charge phone voice. He grilled me on my background, and then asked when we could meet. I was headed into Manhattan from my house in New Jersey to meet with a head-hunter who placed programmers and tech people in temporary assignments. I could meet for lunch.

I decided to wear the best clothes I had. A maroon shirt, navy blue wool tie and double knit Haggar slacks. No jacket. It was very early Geek Chic, circa 1985. I ran into a college friend on 51st and 6th Avenue, who asked me where I was headed. "An interview at Paine Webber." He gave me one of those you-dumb-shit looks. "Dressed like that?"

OK, so I was a dumb-shit, and now a self-consciously underdressed one. At 1285 Avenue of the Americas, I took the elevator up to the ninth floor and headed to the receptionist. Behind me, a door opened briefly. I caught a glimpse of a whole roomful of people who were yelling at each other and into phones. What a strange place. The reception area was filled with the worst art I had ever seen, ugly contemporary pieces that had probably been drawn by three-year-olds.

"Hi, I'm Bob Cornell," the surprisingly short and smallish Bob Cornell said, with that same deep phone voice I had heard the day before. As he pumped my hand, his eyes slowly looked me over from my face down to my shoes (did I mention my ugly brown Florsheims?) and back up. He had this funny smile on his face that I would later realize was an I-think-I-just-found-what-I was-looking-for look.

"C'mon in, let me introduce you to a couple of guys who are joining us for lunch. Steve, Jack, let's go."

A somewhat round, well-dressed, light-haired guy came over first and said hello with a British accent. "This is Steve Smith, he is the number one computer analyst on Wall Street."

The next guy was wearing a three-piece suit, with jet-black hair combed back and a pointed, almost sinister-looking beard. He said hello with a Philly accent, an almost Rocky Balboa-like "yo." "This is Jack Grubman, our hot telecom analyst. Like you, he used to work at AT&T."

It was the start of a very wild ride.

***

Bob Cornell moved things along. "Let's head over to Ben Benson's. It's across the street and we can talk there." The four of us headed down the elevator and crossed 52nd Street. As we queued up at the Maitre d's station, Bob Cornell remarked to chuckles from Steve and Jack, "I hope they don't have a dress code in here."

We gorged on Flintstone brontosaurus burger-sized steaks. I had just spent the last five years of my working life at Bell Labs, the research arm of AT&T, spending huge amounts of ratepayers' money. I had designed chips, written lots of software for graphics workstations, installed million-dollar mini-computer systems. But AT&T was in the midst of maximum change. The breakup took place in 1982. I needed out.

I went through my electrical engineering background, the stuff I did at Bell Labs, and what I thought about computers and PCs and modems and fiber optics. It was time to go in for the kill. "I'm not really the corporate type. What you guys really need is a consultant like me." I meant to say it as a statement but ended up with the inflection of a question.

Bob jumped in, "We don't need no stinkin' consultants. We need an analyst, someone to follow the semiconductor industry." I wasn't sure what he meant.

I spent the next two hours telling them that I wasn't kidding; I really wasn't the corporate type. I didn't even own a suit, didn't know a thing about financials, only about technology. I must have struck a nerve. All three launched into a coordinated attack, convincing me to take the job as an analyst, a job I didn't even know existed until that morning.

The more I protested, the more adamant they were. It was a great negotiating technique. I wish I had thought of it ahead of time and done it intentionally, but I really was clueless. I occasionally wake up in a cold sweat worrying about the consequences had I been more convincing as a slacker that day.

Wall Street is filled with analysts, covering every imaginable industry. Oil analysts, retail analysts, beverage container analysts, auto analysts, insurance analysts, ad nauseum. A rip-roaring bull market had started in August 1982, and the hot stocks were those in technology - computers, semiconductors, and telecom. The old-line analysts who had been around for ten years waiting for this bull market to start were experts at IBM but not much else. IBM was half the computer industry's sales and 90% of their profits. But the bull market brought with it a boom in initial public offerings, IPOs, in 1983 ...



Continues...


Excerpted from Wall Street Meat by Andy Kessler Copyright © 2003 by Andy Kessler. 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.

Read More Show Less

Customer Reviews

Average Rating 5
( 1 )
Rating Distribution

5 Star

(1)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing 1 Customer Reviews
  • Posted March 7, 2009

    more from this reviewer

    Just an avid fun as always

    Ever since the late 80's towards the dot.com era, notable people like Andy has been a tremendous inspiration to young emerging leaders. His passion towards fighting for what is right is indeed very commendable which is why his books together with his team were indeed inspiring.

    Was this review helpful? Yes  No   Report this review
Sort by: Showing 1 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)