Login
Register
Home || Search || About us || Blog || Contact us || Other book sites

Name: Crash of the Titans

Author: Greg Farrell
Year: 2010
Rank:

Rating:

Original Rating:

Popularity: 1.2
Genres/categories: Business, Non Fiction, Economics, History

Purchase/research links:
The intimate, fly-on-the wall tale of the decline and fall of an America icon   With one notable exception, the firms that make up what we know as Wall Street have always been part of an inbred, insular culture that most people only vaguely understand. The exception was Merrill Lynch, a firm that revolutionized the stock market by bringing Wall Street to Main Street, setting up offices in far-flung cities and towns long ignored by the giants of finance. With its "thundering herd" of financial advisers, perhaps no other business, whether in financial services or elsewhere, so epitomized the American spirit. Merrill Lynch was not only "bullish on America," it was a big reason why so many average Americans were able to grow wealthy by investing in the stock market.  Merrill Lynch was an icon. Its sudden decline, collapse, and sale to Bank of America was a shock. How did it happen? Why did it happen? And what does this story of greed, hubris, and incompetence tell us about the culture of Wall Street that continues to this day even though it came close to destroying the American economy? A culture in which the CEO of a firm losing $28 billion pushes hard to be paid a $25 million bonus. A culture in which two Merrill Lynch executives are guaranteed bonuses of $30 million and $40 million for four months' work, even while the firm is struggling to reduce its losses by firing thousands of employees. Based on unparalleled sources at both Merrill Lynch and Bank of America, Greg Farrell's Crash of the Titans is a Shakespearean saga of three flawed masters of the universe. E. Stanley O'Neal, whose inspiring rise from the segregated South to the corner office of Merrill Lynch--where he engineered a successful turnaround--was undone by his belief that a smooth-talking salesman could handle one of the most difficult jobs on Wall Street. Because he enjoyed O'Neal's support, this executive was allowed to build
Similar books:

Flash Boys
by Michael Lewis

The Origin of Wealth
by Eric D. Beinhocker

The Greatest Trade Ever
by Gregory Zuckerman

The Mystery of Banking
by Murray N. Rothbard

The Billionaire's Apprentice
by Anita Raghavan

The Holy Grail of Macroeconomics
by Richard C. Koo

A Colossal Failure of Common Sense
by Lawrence G. McDonald

A History of the United States in Five Crashes
by Scott Nations

Crash Course
by Paul Ingrassia

The End of Wall Street
by Roger Lowenstein

The Sellout
by Charles Gasparino

Other People's Money
by John Kay

Capital Ideas
by Peter L. Bernstein

Exorbitant Privilege
by Barry Eichengreen

A Demon of Our Own Design
by Richard Bookstaber

Car Guys vs. Bean Counters
by Bob Lutz

Starbucked
by Taylor Clark

Money Changes Everything
by William N. Goetzmann

The Honourable Company
by John Keay

The Invisible Hook
by Peter T. Leeson