Author: Joseph Tibman
Publisher: Joseph Tibman
ISBN: 188328371X
Category : Business & Economics
Languages : en
Pages : 12

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Book Description
For the first time, Joe Tibman pulls back the kimono to share intriguing information and detail about Lehman Brothers and the economic meltdown that has never before been revealed:

Author: Joseph Tibman
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 244

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Book Description

Author: Joseph Tibman
Publisher:
ISBN: 9781437976212
Category :
Languages : en
Pages : 244

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Book Description
Explains the feud that erupted between the two ¿houses¿ of Lehman -- the investment bankers and the sales and trading group, that ended in the near-death of both sides of the house with the company¿s sale to American Express. Provides a detailed account of the rise of Dick Fuld from junior trader to CEO. This is the story of greed run amok, encouraged by those intent on removing the safeguards that were put in placer to ensure this could not happen. The story is told in the words of someone who was there, post 9/11, when a small handful of people inside Lehman did to crush it with the assistance of misguided, inept politicians and a dysfunctional, antiquated regulatory infrastructure. Photos.

Author: Vicky Ward
Publisher: John Wiley & Sons
ISBN: 111801149X
Category : Business & Economics
Languages : en
Pages : 310

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Book Description
The inside story of what really happened at Lehman Brothers and why it failed In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged offices. What Ward uncovers is a much bigger story than Lehman losing at the risky game of collateralized debt obligations, swaps, and leverage. A can't put it down page turner that opens the world of Wall Street to view unlike any book since Bonfire of the Vanities, except that The Devil's Casino isn't fiction. Details what went on behind-the-scenes the weekend Lehman Brothers failed, as well as inside Lehman during the twenty years preceding it Describes the feudal culture that proved both Lehman's strength and its Achilles' heel Written by Vicky Ward, one of today's most connected business and finance writers On Wall Street, Lehman Brothers was cheekily known as "the cat with nine lives." But as The Devil's Casino documents, this cat pushed its luck too far and died?the victim of men and women blinded by arrogance.

Author: Gilbert Geis
Publisher: Bloomsbury Publishing USA
ISBN: 0313380554
Category : Political Science
Languages : en
Pages : 377

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Book Description
This reference guide documents white-collar crimes by individuals and businesses over the past 150 years, offering the most comprehensive array of documents and interpretations available. From Gilded Age railroad scandals to the muckraking period and from the Savings and Loan debacle to corporate fallout during the recent economic meltdown, some individuals and companies have chosen to take the low road to achieve "the American dream." While these offenders throughout modern history may have lacked ethics, morals, or good judgment, they certainly were not wanting in terms of creativity. White-Collar and Corporate Crime: A Documentary and Reference Guide traces the fascinating history of white-collar and corporate criminal behavior from the 1800s through the 2010 passage of the Dodd-Frank financial reform measure. Author Gilbert Geis scrutinizes more than a century of episodes involving corporate corruption and other self-serving behaviors that violate antitrust laws, bribery statutes, and fraud laws. The various attempts made by authorities to rein in greed and the methods employed by wrongdoers to evade these controls are also discussed and evaluated.

Author: Peter Chapman
Publisher: Penguin
ISBN: 1101442700
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
On September 11, 1844, Henry Lehman arrived in New York City on a boat from Germany. Soon after, he moved to Montgomery, Alabama, where he and his brother Emanuel established a modest cotton brokering firm that would come to be called Lehman Brothers. On September 15, 2008, Dick Fuld, the last CEO of Lehman Brothers, filed for corporate bankruptcy amid one of the worst financial crises in American history. After 164 years, one of the largest and most respected investment banks in the world was gone, leaving everyone wondering, "How could this have happened?" Peter Chapman, an editor and writer for The Financial Times, answers this question by exploring the complete history of Lehman Brothers between those two historic Septembers. He takes us back to its early days as a cotton broker in Alabama, and then to its glory days as one of the leading corporate financiers in America. He also provides an intimate portrait of the people who ran Lehman over the decades-from Henry Lehman, the founder, to Bobbie Lehman, who led the company into the world of radio, motion pictures, and air travel in first part of the 20th century, to Dick Fuld, who allowed it to morph into a dealer of shoddy securities. Throughout his account of this imperiously rich firm, Chapman examines the impact Lehman Brothers had not only on American finance but also on American life. As a major backer of companies like Pan American Airlines, Macy's, and RKO, Lehman helped lead the country into major new industries and helped support some of its most intrepid entrepreneurs. He then shows how, starting in the 1980s, Lehman's increased focus on short-term gain investments led the firm down the dangerous path that would eventually lead to its demise. In the end, the story of Lehman Brothers is not only the story of a truly important American company but a cautionary tale of what happens when leaders lose sight of their core mission in their quest for something too good to be true. Praise for The Last of the Imperious Rich: "Thought provoking and illuminating" - The New York Times "Chapman has succeeded in holding up a mirror to America's past - and what its future might hold" - Bloomberg

Author: Daniel Leab
Publisher: Bloomsbury Publishing USA
ISBN:
Category : History
Languages : en
Pages : 1030

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Book Description
A riveting look at the financial cycles in American economic history from colonial times to the present day, with an eye on the similarities and differences between past and present conditions as analyzed by leading economic historians. The United States has emerged from the financial chaos of its last economic crisis, yet still very few sources place the events of the modern era within the context of financial downturns of the past. An examination of the trends and patterns of previous depressions and recessions may allow us to recognize—and avoid—the behaviors and practices that prolonged the fiscal problems of previous generations. This thought-provoking encyclopedia presents an overview of notable economic events, their causes and cures, and their social and political impact on the nation. Encyclopedia of American Recessions and Depressions offers a comprehensive survey on the topic from the years 1783 to 1789 under the Articles of Confederation through the panics of the 19th century and the Great Depression of the 1930s to the Great Recession of 2008. Written in an accessible, engaging style, the volumes contain 14 detailed essays covering each economic event and 140 entries covering various related individuals, issues, court cases, legislation, and significant events. Primary source documents, including the Specie Circular, the Embargo Act, and the National Labor Relations Act, provide relevancy to the real world and a context for key events.

Author: Joseph Sammut
Publisher:
ISBN:
Category :
Languages : en
Pages : 34

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Book Description
The demise of Lehman Brothers on 15th September 2008 brought the financial world within clasp of catastrophe. The autopsy concluded in March 2010 by Pathologist (Bankruptcy Examiner) Anton R Valukas attributed the cause of 'death' to erosion of confidence and lack of liquidity. Lehman's collapse however is plagued by a plethora of challenging and provocative issues. This Paper justifies the exhumation of the decuius to study accurately three major issues, namely, the extent of the impact that regulatory and deregulatory conditions have had on Lehman's doom, of mapping the footprint of accounting and auditing responsibilities and for evidence that the demise might has been caused by an infarction of the neo-capitalist banking/business model. On the basis of the findings resulting from Lehman's exhumation this Paper supports the thesis that notwithstanding the malaise afflicting Lehman, death was not the result of natural, accidental or suicidal causes but exhibits the clear and distinguishing hallmarks of business homicide. Elsewhere, the Paper straddles Lehman's contours by providing a qualitative profile of Lehman Brothers, traces and scrutinizes the origins of the sub-prime collapse and the events leading to this colossal bankruptcy, and depicts suspected perpetrators which may fit punctiliously with the subject's predicament.

Author: Oonagh McDonald
Publisher: Manchester University Press
ISBN: 1526100509
Category : Business & Economics
Languages : en
Pages : 343

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Book Description
This electronic version has been made available under a Creative Commons (BY-NC) open access license. Using extensive documentary evidence and interviews with former Lehman employees, Oonagh McDonald reveals the decisions that led to Lehman’s collapse, investigates why the government refused a bail-out and whether the implications of this refusal were fully understood. In clear and accessible language she demonstrates both the short and long term effects of Lehman’s collapse.

Author: Selin Metin Camgöz
Publisher: Emerald Group Publishing
ISBN: 1800431821
Category : Business & Economics
Languages : en
Pages : 225

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Book Description
Destructive Leadership and Management Hypocrisy: Advances in Theory and Practice explores detailed insights into destructive leadership, providing a deeper understanding of the implications of destructive leadership and valuable warnings and lessons to apply to your own career or organization.