Author: Janasha Bradford
Publisher:
ISBN:
Category : Juvenile Fiction
Languages : en
Pages : 38
Book Description
Educational, imaginative, and adventurous. Mahogany goes to Wall Street is a fun-filled, inspiring story that serves as an introduction to the Financial Market and amplifies the importance of making your dreams come true. With beautiful and vibrant illustrations, this BIPOC book will allow parents to have fun conversations with their children about subjects that aren't taught traditionally. Meet Mahogany! For a smart, sassy, imaginative, eight-year-old black girl from Charlottesville, a bedtime story can spark an idea. Mahogany and her three stuffed animal friends, a.k.a business partners, set out on an adventure to make their Flying Candy Machine real. She knows where the money is and the Magic of the Imagination lands them on Wall Street. Educating her friends along the way about the financial market, Mahogany knows that offering an IPO is a sure way they can acquire money to build the machine. The only thing standing in the way of her dreams is the fun snatchers. Will Mahogany & friends make it to Wall Street? What would you do if you had the coolest invention? Would you go on an adventure to make your dreams come true? Or would you let your fun-snatching parents stand in the way? This is the 1st book in the Mahogany and Friends Series crafted to fill a void in financial literacy that is readily available to children in a story format. Mahogany goes to Wall Street is the perfect children's picture book that will grow with the child, serve as a reference guide, and also educate the parents.
Mahogany
Author: Jennifer L. Anderson
Publisher: Harvard University Press
ISBN: 0674067266
Category : Business & Economics
Languages : en
Pages : 421
Book Description
Colonial Americans were enamored with the rich colors and silky surface of mahogany. As this exotic wood became fashionable, demand for it set in motion a dark, hidden story of human and environmental exploitation. Anderson traces the path from source to sale, revealing how prosperity and desire shaped not just people’s lives but the natural world.
Publisher: Harvard University Press
ISBN: 0674067266
Category : Business & Economics
Languages : en
Pages : 421
Book Description
Colonial Americans were enamored with the rich colors and silky surface of mahogany. As this exotic wood became fashionable, demand for it set in motion a dark, hidden story of human and environmental exploitation. Anderson traces the path from source to sale, revealing how prosperity and desire shaped not just people’s lives but the natural world.
Mahogany Goes to Wall Street
Author: Janasha Bradford
Publisher:
ISBN:
Category : Juvenile Fiction
Languages : en
Pages : 38
Book Description
Educational, imaginative, and adventurous. Mahogany goes to Wall Street is a fun-filled, inspiring story that serves as an introduction to the Financial Market and amplifies the importance of making your dreams come true. With beautiful and vibrant illustrations, this BIPOC book will allow parents to have fun conversations with their children about subjects that aren't taught traditionally. Meet Mahogany! For a smart, sassy, imaginative, eight-year-old black girl from Charlottesville, a bedtime story can spark an idea. Mahogany and her three stuffed animal friends, a.k.a business partners, set out on an adventure to make their Flying Candy Machine real. She knows where the money is and the Magic of the Imagination lands them on Wall Street. Educating her friends along the way about the financial market, Mahogany knows that offering an IPO is a sure way they can acquire money to build the machine. The only thing standing in the way of her dreams is the fun snatchers. Will Mahogany & friends make it to Wall Street? What would you do if you had the coolest invention? Would you go on an adventure to make your dreams come true? Or would you let your fun-snatching parents stand in the way? This is the 1st book in the Mahogany and Friends Series crafted to fill a void in financial literacy that is readily available to children in a story format. Mahogany goes to Wall Street is the perfect children's picture book that will grow with the child, serve as a reference guide, and also educate the parents.
Publisher:
ISBN:
Category : Juvenile Fiction
Languages : en
Pages : 38
Book Description
Educational, imaginative, and adventurous. Mahogany goes to Wall Street is a fun-filled, inspiring story that serves as an introduction to the Financial Market and amplifies the importance of making your dreams come true. With beautiful and vibrant illustrations, this BIPOC book will allow parents to have fun conversations with their children about subjects that aren't taught traditionally. Meet Mahogany! For a smart, sassy, imaginative, eight-year-old black girl from Charlottesville, a bedtime story can spark an idea. Mahogany and her three stuffed animal friends, a.k.a business partners, set out on an adventure to make their Flying Candy Machine real. She knows where the money is and the Magic of the Imagination lands them on Wall Street. Educating her friends along the way about the financial market, Mahogany knows that offering an IPO is a sure way they can acquire money to build the machine. The only thing standing in the way of her dreams is the fun snatchers. Will Mahogany & friends make it to Wall Street? What would you do if you had the coolest invention? Would you go on an adventure to make your dreams come true? Or would you let your fun-snatching parents stand in the way? This is the 1st book in the Mahogany and Friends Series crafted to fill a void in financial literacy that is readily available to children in a story format. Mahogany goes to Wall Street is the perfect children's picture book that will grow with the child, serve as a reference guide, and also educate the parents.
The Wolf of Wall Street
Author: Jordan Belfort
Publisher: Bantam
ISBN: 0553904248
Category : Biography & Autobiography
Languages : en
Pages : 530
Book Description
NEW YORK TIMES BESTSELLER • Now a major motion picture directed by Martin Scorsese and starring Leonardo DiCaprio By day he made thousands of dollars a minute. By night he spent it as fast as he could. From the binge that sank a 170-foot motor yacht and ran up a $700,000 hotel tab, to the wife and kids waiting at home and the fast-talking, hard-partying young stockbrokers who called him king, here, in Jordan Belfort’s own words, is the story of the ill-fated genius they called the Wolf of Wall Street. In the 1990s, Belfort became one of the most infamous kingpins in American finance: a brilliant, conniving stock-chopper who led his merry mob on a wild ride out of Wall Street and into a massive office on Long Island. It’s an extraordinary story of greed, power, and excess that no one could invent: the tale of an ordinary guy who went from hustling Italian ices to making hundreds of millions—until it all came crashing down. Praise for The Wolf of Wall Street “Raw and frequently hilarious.”—The New York Times “A rollicking tale of [Jordan Belfort’s] rise to riches as head of the infamous boiler room Stratton Oakmont . . . proof that there are indeed second acts in American lives.”—Forbes “A cross between Tom Wolfe’s The Bonfire of the Vanities and Scorsese’s GoodFellas . . . Belfort has the Midas touch.”—The Sunday Times (London) “Entertaining as pulp fiction, real as a federal indictment . . . a hell of a read.”—Kirkus Reviews
Publisher: Bantam
ISBN: 0553904248
Category : Biography & Autobiography
Languages : en
Pages : 530
Book Description
NEW YORK TIMES BESTSELLER • Now a major motion picture directed by Martin Scorsese and starring Leonardo DiCaprio By day he made thousands of dollars a minute. By night he spent it as fast as he could. From the binge that sank a 170-foot motor yacht and ran up a $700,000 hotel tab, to the wife and kids waiting at home and the fast-talking, hard-partying young stockbrokers who called him king, here, in Jordan Belfort’s own words, is the story of the ill-fated genius they called the Wolf of Wall Street. In the 1990s, Belfort became one of the most infamous kingpins in American finance: a brilliant, conniving stock-chopper who led his merry mob on a wild ride out of Wall Street and into a massive office on Long Island. It’s an extraordinary story of greed, power, and excess that no one could invent: the tale of an ordinary guy who went from hustling Italian ices to making hundreds of millions—until it all came crashing down. Praise for The Wolf of Wall Street “Raw and frequently hilarious.”—The New York Times “A rollicking tale of [Jordan Belfort’s] rise to riches as head of the infamous boiler room Stratton Oakmont . . . proof that there are indeed second acts in American lives.”—Forbes “A cross between Tom Wolfe’s The Bonfire of the Vanities and Scorsese’s GoodFellas . . . Belfort has the Midas touch.”—The Sunday Times (London) “Entertaining as pulp fiction, real as a federal indictment . . . a hell of a read.”—Kirkus Reviews
Dream Street
Author: Tricia Elam Walker
Publisher: Anne Schwartz Books
ISBN: 0525581103
Category : Juvenile Fiction
Languages : en
Pages : 33
Book Description
NAMED ONE OF THE BEST CHILDREN’S BOOKS OF THE YEAR BY THE NEW YORK TIMES • FIVE STARRED REVIEWS Visit a truly special street bursting with joy, hope, and dreams. Inspired by the neighborhood where they grew up as cousins, this gorgeous picture book from an award-winning illustrator and critically acclaimed author is the perfect gift or keepsake for every generation. Welcome to Dream Street--the best street in the world! Jump rope with Azaria--can you Double Dutch one leg at a time? Dream big with Ede and Tari, who wish to create a picture book together one day. Say hello with Mr. Sidney, a retired mail carrier who greets everyone with the words, "Don't wait to have a great day. Create one!" On Dream Street, love between generations rules, everyone is special, and the warmth of the neighborhood shines. A magical story from the critically acclaimed author of Nana Akua Goes to School and a Caldecott Honor and Coretta Scott King Award winning illustrator. Illuminating this vivid cast of characters are vibrant, joyful illustrations that make this neighborhood--based on the Roxbury neighborhood in Boston where the author and illustrator grew up together as cousins--truly sing. This book is a perfect way for parents to share with their children the importance of community.
Publisher: Anne Schwartz Books
ISBN: 0525581103
Category : Juvenile Fiction
Languages : en
Pages : 33
Book Description
NAMED ONE OF THE BEST CHILDREN’S BOOKS OF THE YEAR BY THE NEW YORK TIMES • FIVE STARRED REVIEWS Visit a truly special street bursting with joy, hope, and dreams. Inspired by the neighborhood where they grew up as cousins, this gorgeous picture book from an award-winning illustrator and critically acclaimed author is the perfect gift or keepsake for every generation. Welcome to Dream Street--the best street in the world! Jump rope with Azaria--can you Double Dutch one leg at a time? Dream big with Ede and Tari, who wish to create a picture book together one day. Say hello with Mr. Sidney, a retired mail carrier who greets everyone with the words, "Don't wait to have a great day. Create one!" On Dream Street, love between generations rules, everyone is special, and the warmth of the neighborhood shines. A magical story from the critically acclaimed author of Nana Akua Goes to School and a Caldecott Honor and Coretta Scott King Award winning illustrator. Illuminating this vivid cast of characters are vibrant, joyful illustrations that make this neighborhood--based on the Roxbury neighborhood in Boston where the author and illustrator grew up together as cousins--truly sing. This book is a perfect way for parents to share with their children the importance of community.
Bull by the Horns
Author: Sheila Bair
Publisher: Simon and Schuster
ISBN: 1451672497
Category : Business & Economics
Languages : en
Pages : 433
Book Description
The former FDIC Chairwoman, and one of the first people to acknowledge the full risk of subprime loans, offers a unique perspective on the greatest crisis the U.S. has faced since the Great Depression.
Publisher: Simon and Schuster
ISBN: 1451672497
Category : Business & Economics
Languages : en
Pages : 433
Book Description
The former FDIC Chairwoman, and one of the first people to acknowledge the full risk of subprime loans, offers a unique perspective on the greatest crisis the U.S. has faced since the Great Depression.
The Hellhound of Wall Street
Author: Michael Perino
Publisher: Penguin
ISBN: 1101444444
Category : Business & Economics
Languages : en
Pages : 366
Book Description
A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street. In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead. The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public. Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America. By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.
Publisher: Penguin
ISBN: 1101444444
Category : Business & Economics
Languages : en
Pages : 366
Book Description
A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street. In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead. The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public. Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America. By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.
Vinyl Moon
Author: Mahogany L. Browne
Publisher: Crown Books for Young Readers
ISBN: 059317643X
Category : Young Adult Fiction
Languages : en
Pages : 177
Book Description
A teen girl hiding the scars of a past relationship finds home and healing in the words of strong Black writers. A beautiful sophomore novel from a critically acclaimed author and poet that explores how words have the power to shape and uplift our world even in the midst of pain. "A true embodiment of the term Black Girl Magic.” –Booklist When Darius told Angel he loved her, she believed him. But five weeks after the incident, Angel finds herself in Brooklyn, far from her family, from him, and from the California life she has known. Angel feels out of sync with her new neighborhood. At school, she can’t shake the feeling everyone knows what happened—and that it was her fault. The only place that makes sense is Ms. G’s class. There, Angel’s classmates share their own stories of pain, joy, and fortitude. And as Angel becomes immersed in her revolutionary literature course, the words from Black writers like Toni Morrison, James Baldwin, and Zora NEale Hurston speak to her and begin to heal the wounds of her past. This stunning novel weaves together prose, poems, and vignettes to tell the story of Angel, a young woman whose past was shaped by domestic violence but whose love of language and music and the gift of community grant her the chance to find herself again.
Publisher: Crown Books for Young Readers
ISBN: 059317643X
Category : Young Adult Fiction
Languages : en
Pages : 177
Book Description
A teen girl hiding the scars of a past relationship finds home and healing in the words of strong Black writers. A beautiful sophomore novel from a critically acclaimed author and poet that explores how words have the power to shape and uplift our world even in the midst of pain. "A true embodiment of the term Black Girl Magic.” –Booklist When Darius told Angel he loved her, she believed him. But five weeks after the incident, Angel finds herself in Brooklyn, far from her family, from him, and from the California life she has known. Angel feels out of sync with her new neighborhood. At school, she can’t shake the feeling everyone knows what happened—and that it was her fault. The only place that makes sense is Ms. G’s class. There, Angel’s classmates share their own stories of pain, joy, and fortitude. And as Angel becomes immersed in her revolutionary literature course, the words from Black writers like Toni Morrison, James Baldwin, and Zora NEale Hurston speak to her and begin to heal the wounds of her past. This stunning novel weaves together prose, poems, and vignettes to tell the story of Angel, a young woman whose past was shaped by domestic violence but whose love of language and music and the gift of community grant her the chance to find herself again.
Fears of a Setting Sun
Author: Dennis C. Rasmussen
Publisher: Princeton University Press
ISBN: 069121106X
Category : History
Languages : en
Pages : 288
Book Description
The surprising story of how George Washington, Alexander Hamilton, John Adams, and Thomas Jefferson came to despair for the future of the nation they had created Americans seldom deify their Founding Fathers any longer, but they do still tend to venerate the Constitution and the republican government that the founders created. Strikingly, the founders themselves were far less confident in what they had wrought, particularly by the end of their lives. In fact, most of them—including George Washington, Alexander Hamilton, John Adams, and Thomas Jefferson—came to deem America’s constitutional experiment an utter failure that was unlikely to last beyond their own generation. Fears of a Setting Sun is the first book to tell the fascinating and too-little-known story of the founders’ disillusionment. As Dennis Rasmussen shows, the founders’ pessimism had a variety of sources: Washington lost his faith in America’s political system above all because of the rise of partisanship, Hamilton because he felt that the federal government was too weak, Adams because he believed that the people lacked civic virtue, and Jefferson because of sectional divisions laid bare by the spread of slavery. The one major founder who retained his faith in America’s constitutional order to the end was James Madison, and the book also explores why he remained relatively optimistic when so many of his compatriots did not. As much as Americans today may worry about their country’s future, Rasmussen reveals, the founders faced even graver problems and harbored even deeper misgivings. A vividly written account of a chapter of American history that has received too little attention, Fears of a Setting Sun will change the way that you look at the American founding, the Constitution, and indeed the United States itself.
Publisher: Princeton University Press
ISBN: 069121106X
Category : History
Languages : en
Pages : 288
Book Description
The surprising story of how George Washington, Alexander Hamilton, John Adams, and Thomas Jefferson came to despair for the future of the nation they had created Americans seldom deify their Founding Fathers any longer, but they do still tend to venerate the Constitution and the republican government that the founders created. Strikingly, the founders themselves were far less confident in what they had wrought, particularly by the end of their lives. In fact, most of them—including George Washington, Alexander Hamilton, John Adams, and Thomas Jefferson—came to deem America’s constitutional experiment an utter failure that was unlikely to last beyond their own generation. Fears of a Setting Sun is the first book to tell the fascinating and too-little-known story of the founders’ disillusionment. As Dennis Rasmussen shows, the founders’ pessimism had a variety of sources: Washington lost his faith in America’s political system above all because of the rise of partisanship, Hamilton because he felt that the federal government was too weak, Adams because he believed that the people lacked civic virtue, and Jefferson because of sectional divisions laid bare by the spread of slavery. The one major founder who retained his faith in America’s constitutional order to the end was James Madison, and the book also explores why he remained relatively optimistic when so many of his compatriots did not. As much as Americans today may worry about their country’s future, Rasmussen reveals, the founders faced even graver problems and harbored even deeper misgivings. A vividly written account of a chapter of American history that has received too little attention, Fears of a Setting Sun will change the way that you look at the American founding, the Constitution, and indeed the United States itself.
She-Wolves: The Untold History of Women on Wall Street
Author: Paulina Bren
Publisher: W. W. Norton & Company
ISBN: 1324035161
Category : Business & Economics
Languages : en
Pages : 205
Book Description
A Town & Country Must-Read for the Fall 2024 • In development with Mark Gordon Pictures The propulsive story of the women who sought, and gained, a piece of the action on Wall Street. First came the secretaries from Brooklyn and Queens—the “smart cookies” who saw that making money, lots of it, might be within their grasp. Then came the first female Harvard Business School graduates, who were in for a rude awakening because an equal degree did not mean equal opportunity. But by the 1980s, as the market went into turbodrive, women were being plucked from elite campuses to feed the belly of a rapidly expanding beast, playing for high stakes in Wall Street’s bad-boy culture by day and clubbing by night. In She-Wolves, award-winning historian Paulina Bren tells the story of how women infiltrated Wall Street from the swinging sixties to 9/11—starting at a time when “No Ladies” signs hung across the doors of its luncheon clubs and (more discretely) inside its brokerage houses and investment banks. If the wolves of Wall Street made a show of their ferocity, the she-wolves did so with subtlety and finesse. Research analysts signed their reports with genderless initials. Muriel “Mickie” Siebert, the first woman to buy a seat on the NYSE, threatened she’d have port-a-potties delivered if the exchange didn’t finally install a ladies’ room near the dining room. The infamous 1996 Boom-Boom Room class action lawsuit, filed by women at Smith Barney, pulled back the curtain on a bawdy subculture where unapologetic sexism and racism were the norm. As engaging as it is enraging, She-Wolves is an illuminating deep dive into the collision of women, finance, and New York.
Publisher: W. W. Norton & Company
ISBN: 1324035161
Category : Business & Economics
Languages : en
Pages : 205
Book Description
A Town & Country Must-Read for the Fall 2024 • In development with Mark Gordon Pictures The propulsive story of the women who sought, and gained, a piece of the action on Wall Street. First came the secretaries from Brooklyn and Queens—the “smart cookies” who saw that making money, lots of it, might be within their grasp. Then came the first female Harvard Business School graduates, who were in for a rude awakening because an equal degree did not mean equal opportunity. But by the 1980s, as the market went into turbodrive, women were being plucked from elite campuses to feed the belly of a rapidly expanding beast, playing for high stakes in Wall Street’s bad-boy culture by day and clubbing by night. In She-Wolves, award-winning historian Paulina Bren tells the story of how women infiltrated Wall Street from the swinging sixties to 9/11—starting at a time when “No Ladies” signs hung across the doors of its luncheon clubs and (more discretely) inside its brokerage houses and investment banks. If the wolves of Wall Street made a show of their ferocity, the she-wolves did so with subtlety and finesse. Research analysts signed their reports with genderless initials. Muriel “Mickie” Siebert, the first woman to buy a seat on the NYSE, threatened she’d have port-a-potties delivered if the exchange didn’t finally install a ladies’ room near the dining room. The infamous 1996 Boom-Boom Room class action lawsuit, filed by women at Smith Barney, pulled back the curtain on a bawdy subculture where unapologetic sexism and racism were the norm. As engaging as it is enraging, She-Wolves is an illuminating deep dive into the collision of women, finance, and New York.
Liquidated
Author: Karen Ho
Publisher: Duke University Press
ISBN: 0822391376
Category : Social Science
Languages : en
Pages : 390
Book Description
Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.
Publisher: Duke University Press
ISBN: 0822391376
Category : Social Science
Languages : en
Pages : 390
Book Description
Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.