The Junk Bond Revolution

The Junk Bond Revolution PDF Author: Fenton Bailey
Publisher:
ISBN: 9781872180533
Category : Consolidation and merger of corporations
Languages : en
Pages : 0

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The Junk Bond Revolution

The Junk Bond Revolution PDF Author: Fenton Bailey
Publisher:
ISBN: 9781872180533
Category : Consolidation and merger of corporations
Languages : en
Pages : 0

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Book Description


The Junk Bond Revolution

The Junk Bond Revolution PDF Author: Fenton Bailey
Publisher: Vintage
ISBN: 9780749313623
Category : Investment advisors
Languages : en
Pages : 308

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Book Description


Payback

Payback PDF Author: Daniel R. Fischel
Publisher: HarperCollins Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 376

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Book Description
This revisionist's view of the '80s by a leading conservative economist--who argues that the so-called "decade of greed", spearheaded by the rise of Michael Milken and Drexel Burnham, actually improved corporate America--examines how Michael Milken became a scapegoat in a complicated and convoluted mess made by the government.

Junk Bonds

Junk Bonds PDF Author: Glenn Yago
Publisher: Oxford University Press, USA
ISBN: 019506111X
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
The junk bond, the fastest growing financial instrument of the 1980s, as been linked to all that is wrong with Wall Street. But in Junk Bonds, economist Glenn Yago argues that, despite the bad press, these high yield securities are still one of the most efficient and equitable ways for American companies to finance their futures. Yago points out that, before junk bonds, conservative investors like insurance companies, pension funds, and bank trust departments placed their capital primarily in investment-grade securities--and only five percent of the American companies with sales over $35 million qualify to issue investment grade bonds. In effect, ninety-five percent of the nation's mid-sized firms were frozen out of the public debt market. Junk bonds changed all that. In addition, Yago argues that the much-maligned divestitures associated with junk bond-funded buyouts were not necessarily destructive; many sold-off units, he writes, flourished under new management structures. Yago concludes that we have witnessed a fundamental restructuring of corporate America, made possible in part by high yield financing. The result is a bright future as American businesses return to productivity and competitiveness, one that will benefit managers, stockholders, and workers alike.

Den of Thieves

Den of Thieves PDF Author: James B. Stewart
Publisher: Simon and Schuster
ISBN: 1439126208
Category : True Crime
Languages : en
Pages : 614

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Book Description
A #1 bestseller from coast to coast, Den of Thieves tells the full story of the insider-trading scandal that nearly destroyed Wall Street, the men who pulled it off, and the chase that finally brought them to justice. Pulitzer Prize–winner James B. Stewart shows for the first time how four of the eighties’ biggest names on Wall Street—Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine—created the greatest insider-trading ring in financial history and almost walked away with billions, until a team of downtrodden detectives triumphed over some of America’s most expensive lawyers to bring this powerful quartet to justice. Based on secret grand jury transcripts, interviews, and actual trading records, and containing explosive new revelations about Michael Milken and Ivan Boesky, Den of Thieves weaves all the facts into an unforgettable narrative—a portrait of human nature, big business, and crime of unparalleled proportions.

Fall from Grace

Fall from Grace PDF Author: Fenton Bailey
Publisher: Carol Publishing Corporation
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 360

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Book Description
One of the most reviled figures in recent history, megamillionaire financier Michael Milken created a $200 billion bond market before a jail sentence cashed in his chips for 10 years. But was Milken a media scapegoat, exploited and crucified by people more ruthless and savvy at the publicity game than he? Former Drexel Burnham employee Fenton Bailey provides a side of the spectacular Milken story that has rarely been heard. Photographs.

The Business of Investment Banking

The Business of Investment Banking PDF Author: K. Thomas Liaw
Publisher: John Wiley & Sons
ISBN: 1118004493
Category : Business & Economics
Languages : en
Pages : 389

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Book Description
A comprehensive overview of investment banking for professionals and students The investment banking industry has changed dramatically since the 2008 financial crisis. Three of the top five investment banks in the United States have disappeared, while Goldman Sachs and Morgan Stanley have converted to commercial banking charters. This Third Edition of The Business of Investment Banking explains the changes and discusses new opportunities for students and professionals seeking to advance their careers in this intensely competitive field. The recent financial regulation overhaul, including the Dodd-Frank legislation, is changing what investment banks do and how they do it, while the Volcker rule has shaken up trading desks everywhere. This new edition updates investment banking industry shifts in practices, trends, regulations, and statistics Includes new chapters on investment banking in BRIC countries, as Brazil, Russia, India, and China now account for a quarter of the global economy Explains the shift in the listing of securities away from New York to various financial centers around the world, and how major exchanges compete for the same business This new edition, reflecting the current state of the investment banking industry, arrives in time to better serve professionals wanting to advance their careers and students just beginning theirs.

The Predators' Ball

The Predators' Ball PDF Author: Connie Bruck
Publisher: Simon & Schuster
ISBN:
Category : Brokers
Languages : en
Pages : 392

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Book Description
Shows how Michael Milken, more than any other single individual, fueled the takeover mania which swept the American business world in the 1980s and changed the rules of the takeover game.

Wall Street

Wall Street PDF Author: Charles R. Geisst
Publisher: Oxford University Press, USA
ISBN: 9780195170603
Category : Business & Economics
Languages : en
Pages : 450

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Book Description
In this wide-ranging volume, a financial historian updates the first history of Wall Street, recounting the speculative fever of the 1990s and the scandals at Enron, Tyco, WorldCom, and Conseco. 27 halftones.

Wall Street: A History

Wall Street: A History PDF Author: Charles R. Geisst
Publisher: Oxford University Press, USA
ISBN: 0199883610
Category : Business & Economics
Languages : en
Pages : 450

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Book Description
In the seven years since the publication of the first edition of Wall Street, America's financial industry has undergone a series of wrenching events that have dramatically changed the nation's economic landscape. The bull market of the 1990's came to a close, ushering in the end of the dot com boom, a record number of mergers occurred, and accounting scandals in companies like Enron and WorldCom shook the financial industry to its core. In this wide-ranging volume, financial historian Charles Geisst provides the first history of Wall Street, explaining how a small, concentrated pocket of lower Manhattan came to have such enormous influence in national and world affairs. In this updated edition, Geisst sums up the recent turbulence that has threatened America's financial industry. He shows how in 1997 thirty NASDAQ market makers paid a record $1.3 billion fine for price irregularities in stocks. He makes sense of the closing of the bull market, and explains a major change in the accounting rules for mergers that caused monumental losses for companies like AOL Time Warner. And he recounts how in the aftermath of the speculative fever that swept Wall Street in the 1990's, the scandals at Enron, Tyco, Worldcom, and Conseco represent a last gasp of mergermania and a fallout from a bubble-like market. Wall Street is at once the story of the street itself, from the days when the wall was merely a defensive barricade built by Peter Stuyvesant, to the modern billion-dollar computer-driven colossus of today. In a broader sense it is an engaging economic history of the United States, the role Wall Street played in making America the most powerful economy in the world, and the many challenges to that role it has faced in recent years.