From the best-selling, prize-winning author of The Last Tycoons and House of Cards, a revelatory history of Goldman Sachs, the most dominant, feared, and controversial investment bank in the world. William D. Cohan has constructed a vivid narrative that looks behind the veil of secrecy to reveal how Goldman has become so profitable - and so powerful.
"Much better than expected"
Discretion, secrecy, and subtle strategy were the weapons of choice at Wall Street investment bank Lazard Frères & Co. For more than a century, the mystique and reputation of the "Great Men" who worked there allowed the firm to garner unimaginable profits, social cachet, and outsized influence in the halls of power. But in the mid-1980s, their titanic egos started getting in the way, and the Great Men of Lazard jeopardized all they had built.
"Well written, but without a point"
In March 2008, Bear Stearns, a swashbuckling 84-year-old financial institution, was forced to sell itself to JPMorgan Chase for an outrageously low price in a deal brokered by Treasury Secretary Henry Paulson, who was desperately trying to prevent the impending catastrophic market crash. But mere months before, an industry-wide boom had "the Bear" clocking a record high stock price. How did a giant investment bank with $18 billion in cash on hand disappear in a mere 10 days?
"Riveting, interesting, learned alot"
"Gossipy, shallow; but with limited virtue"
"Ackman Admits Mistake, but Chipotle Bet Could Be Another" is from the November 18, 2016 Business section of The New York Times. It was written by William D. Cohan and narrated by Fleet Cooper.
"Brass Foundry Is Closing, but Debate Over Degas’ Work Goes On" is from the April 04, 2016 Arts section of The New York Times. It was written by William D. Cohan and narrated by Kristi Burns.
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