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The White Sharks of Wall Street: Thomas Mellon Evans and the Original Corporate Raiders (Lisa Drew Books)
Diana B. Henriques Manufacturer: Scribner ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0684833999 |
Amazon.com
Here is the engrossing story of the original corporate raider, Thomas Mellon Evans, who, half a century ago, pioneered a business style that forever changed the American commercial landscape and, ultimately, American life. In The White Sharks of Wall Street, New York Times investigative reporter Diana B. Henriques has crafted a well-researched and entertaining account of this renegade trailblazer, who championed "shareholder rights" and "down-sized" companies, and built "conglomerates," decades before the terms had been coined.Preferring to call himself a "corporate re-juvenator," Evans often worked without a salary, pealing off assets, eliminating entire layers of middle management, always obsessed with the bottom line. He waged war with unparalleled brilliance, accusing corporate America of forgetting who its real owners were. Henriques writes, "Evans was a man so far ahead of his contemporaries that he had moved into the shadows before the full daylight of his business style had dawned on the rest of Corporate America. At every step of his career, he was barging in where few would follow--at first. But follow they did, at last." Proxy fights, hostile takeovers, tenders and countertenders, greenmail, golden parachutes, poison pills, and shark repellent--it's all here, the deep roots of present-day corporate merger and acquisitions strategy. White Sharks is a compelling and dramatic story of power, greed, ambition, and personal tragedy that illuminates an otherwise obscure period of Wall Street history. --Scott Harrison
Book Description
It almost seems that Thomas Mellon Evans was a man so far ahead of his contemporaries that he had moved into the shadows before the full force of his business style had dawned on the rest of corporate America. At every step in his career, he was barging in where few would follow -- at first. But follow they did, at last."
-- from the Prologue
The first in-depth portrait of the life and times of the trailblazing financier Thomas Mellon Evans -- the man who pursued wealth and power in the 1950s with a brash ruthlessness that forever changed the face of corporate America.
Long before Michael Milken was using junk bonds to finance corporate takeovers, Thomas Mellon Evans used debt, cash, and the tax code to obtain control of more than eighty American companies. Long before investors began to lobby for "shareholder's rights," Evans was demanding that public companies be run only for their shareholders -- not for their employees, their executives, or their surrounding communities. To some, Evans's merciless style presaged much that is wrong with corporate life today. To others, he intuitively knew what was needed to keep America competitive in the wake of a global war.
In The White Sharks of Wall Street, New York Times investigative reporter Diana Henriques provides the first biography of this pivotal figure in American business history. She also portrays the other pioneering corporate raiders of the postwar period, such as Robert Young and Louis Wolfson, and shows how these men learned from one another and advanced one another's takeover tactics. She relates in dramatic detail a number of important early takeover fights -- Wolfson's challenge to Montgomery Ward, Young's move on the New York Central Railroad, the fight for Follansbee Steel -- and shows how they foreshadowed the desperate battle waged by Tom Evans's son, Ned Evans, to keep the British raider Robert Maxwell away from his Macmillan publishing empire during the 1980s. Henriques also reaches beyond the business arena to tally the tragic personal cost of Evans's pursuit of success and to show how the family dynasty shattered when his sons were driven by his own stubbornness and pride to become his rivals. In the end, the battling patriarch faced his youngest son in a poignant battle for control at the Crane Company, the once-famous Chicago plumbing and valve company that Tom Evans had himself seized in a brilliant takeover coup twenty-five years earlier.
The White Sharks of Wall Street is a fascinating portrait of an extraordinary man, whose career blazed across the sky and then sank into obscurity -- but not before he had provided the template for how American business would operate for the next four decades.
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Long before Michael Milken was using junk bonds to finance corporate takeovers, Thomas Mellon Evans used debt, cash, and the tax code to obtain control of more than eighty American companies. Long before investors began to lobby for "shareholder's rights", Evans was demanding that public companies be run only for their shareholders -- not for their employees, their executives, or their surrounding communities. To some, Evans's merciless style presaged much that is wrong with corporate life today. To others, he intuitively knew what was needed to keep America competitive in the wake of a global wax.In The White Sharks of Wall Street, New York Times investigative reporter Diana Henriques provides the first biography of this pivotal figure in American business. She portrays the other pioneering corporate raiders of the Postwar period, such as Robert Young and Louis Wolfson, and shows how these men learned from and advanced each others' tactics. She reaches beyond the business arena to tally the tragic personal cost of Evans's pursuit of success and the family dynasty that shattered when his sons were driven by his own stubbornness and pride to become his rivals. The result is a fascinating portrait of an extraordinary man whose career blazed across the sky and then sank into obscurity -- but not before he had provided the template for how American business would operate for the next four decades.
Customer Reviews:
A solid book on the history of corporate raiders.......2001-11-01
Must read financial history.......2000-07-28
If there was not blood to attract them, they created it........2000-05-03
This book chronicles the exploits of men like; Thomas Mellon Evans, Lou Wolfson, and Leopold Silverstein. These individuals were out inventing the type of financial transactions that today are commonplace, and seem to have a rather brief history. The truth is that these; raiders, proxy fighters, liquidators, were using sinking funds, Leveraged Buy Outs, and Junk Bonds long before Michael Milken heard the term. In fact much of this took place before he and Ivan Boesky and their crowd were born.
The book delves into specific deals that are enticing reading just by there names. In 1955 a complicated price-fixing scheme that included companies still doing business today operated a system known as the "phase of the moon".
Shark-repellent, poison pills, greenmail, side deals, collusion were all in a days work. What was also interesting is these people never had their fill, many ending in bankruptcy court half a century after they had started.
The did what they had to do to get what they wanted, and if that meant convincing a 90 year old woman to part with her shares, it was just another day in the trenches.
I would highly recommend this book for anyone interested in Wall Street History in general, and the specific predecessors of today's big names. Long before "Chainsaw Al" there were men hacking away at companies that even he would have found audacious.
The Authoress does a wonderful job of relating this History in a readable easily accessible format, which is well worth a reader's time. You will be amply rewarded.
I don't know how Trump got in this; his contribution was an endorsement on the book jacket. Not one of his deals made the book.
Great addition to your financial library.
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Chasing the Hawk: Looking for My Father, Finding Myself
Andrew Sheehan Manufacturer: Delta ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0385335644 Release Date: 2002-10-01 |
Book Description
“I have always chased my father, chased after his love, chased him through his many changes.Customer Reviews:
This is a book more than about running.......2007-08-29
A Nice Surprise.......2002-12-28
the examined life.......2002-03-10
Both men are seekers; for a large part of his life, George combed through the works of the philosophers, and left and later returned to, the Catholic faith of his youth. As one of 12 children (what a brood, even for the post-WW II era!),George seeks love and attention which he felt lacking in his childhood,
as he was crowded in the late-middle of the group of children.
"The unexamined life is not worth living," one of the Greeks
tells us, and both men tend to examine their lives in great detail. Indeed, they both stop just short of navel gazing, an activity to which this reviewer is opposed. Too much examining can block one from living, I would put forward as a corollary to the philosopher.
That said, this worthwhile book is an addition to the literature of father-son conflicts. Its upbeat conclusion which surprise and warm you.
memories.......2002-02-07
Surprisingly well written and an excellent story.......2001-11-17
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Chasing the Hawk Looking for My Father Finding Myself
Sheehan Andrew Manufacturer: Delacorte ProductGroup: Book Binding: Hardcover ASIN: B000UF4TOI |
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A Companion to Latin American Film (Monografías A)
Stephen M. Hart Manufacturer: Tamesis Books ProductGroup: Book Binding: Hardcover ASIN: 1855661063 |
Book Description
This Companion to Latin American Film is a new, up-to-date introduction to the best twenty-five films of the region. It is designed for the general reader who wants to know the basic facts, figures and ideas about the movies in Latin America. The introductory essay traces the history of Latin American cinema from its humble beginnings in the mid- 1890s until the smash hits of recent years: Like Water for Chocolate (1993), Central Station (1998), Love's a Bitch (2000), And your Mother Too (2001), City of God (2002). The early period when Latin American cinema was dominated by foreign film makers or foreign models (such as Hollywood), as well as the 1960s when as a genre it finally found its feet (the New Latin-American Cinema movement) - are also covered in depth. Each film chapter contains all the information you need -- cast and crew, awards, plot -- as well as a detailed analysis of the themes and techniques which make the film tick. There is a Guide to Further Reading which offers the reader advice on what to read next (all the important books, articles and Internet sites), as well as a Select Bibliography and an extensive index for ease of reference.Customer Reviews:
to be avoided.......2007-04-23
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Nelson Pereira dos Santos.(A Companion to Latin American Film)(Book review) : An article from: Cineaste
Dennis West Manufacturer: Thomson Gale ProductGroup: Book Binding: Digital ASIN: B000FHYN7E Release Date: 2006-04-18 |
Book Description
This digital document is an article from Cineaste, published by Thomson Gale on December 22, 2005. The length of the article is 1880 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
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The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us
Robert H. Frank , and Philip J. Cook Manufacturer: Penguin (Non-Classics) ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0140259953 |
Customer Reviews:
Winning isn't everything..........2007-05-06
Brilliant book.......2007-01-09
A thought-provoking book that goes steadily downhill.......2006-09-25
Interesting Book by 2 Top Notch Economists.......2006-08-12
An Explanation for the Growing Economic Inequality.......2002-10-02
-Technology. National distribution channels such as network television make it easier for an individual to penetrate the market. For example, at one time villages and towns had their own musicians. Now a singer can make a CD and sell it nationally.
-Falling transportation and tariff costs. Goods have gotten lighter. It is easier to send computer discs all over the world than books. CD's are lighter than phonograph records
-- Mental shelf space constraints. We have a limit to the number of items we can keep in our head..."the amount of information we can actually use is thus a declining fraction of the total information available."
-Weakening of regulations and civil society. At one time, informal and formal rules limited the winner take all markets. Now, like free agents in baseball, the top performers have the leverage to demand high prices.
-Self-reinforcing processes. This is another way of saying "success begets success." For example, a sales person does well and gets bigger customers. A person does well and the word of mouth referral causes them to saturate the market. This virtuous cycle increases the income and power of top performers.
The author argues that winner take all markets are not good for society. People are unrealistically optimistic about their own chances of winning "a prize." Thus they are siphoned off from other productive endeavors.
This book was helpful to me in understanding today's economy and job market. If anything, the winners are doing better than ever today, long after the book was published. Just take a look at the latest article on CEO salaries.
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The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us
Robert H. Cook, Philip J. Frank Manufacturer: Penguin (Non-Classics) ProductGroup: Book Binding: Paperback ASIN: B000OJ8F1I |
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Memory Verse Games for Kids (Take Me Through the Bible Series)
Steve Miller Manufacturer: Harvest House Publishers ProductGroup: Book Binding: Paperback ASIN: 1565076214 |
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Bible Memory Verse Games for Children: Fifty Fun and Creative Activities to Help Kids Learn...
Donald C. Miller , Don Miller , and Kathleen Miller Manufacturer: Beacon Hill Press ProductGroup: Book Binding: Paperback Similar Items: Accessories:
ASIN: 0834115395 |
Book Description
This resource is bursting with 50 teaching methods that are proven to work with kids, that make Bible memory fun, creative, and effective! Paper.Customer Reviews:
Helpful.......2006-08-03
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Bible memory verse games for children: 50 fun and creative activities to help kids learn and remember God's word
Donald Miller Manufacturer: Beacon Hill Press of Kansas City ProductGroup: Book Binding: Unknown Binding ASIN: B0006PFBJO |
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Positive Organizational Scholarship: Foundations of a New Discipline
Manufacturer: Berrett-Koehler Publishers ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 1576752321 |
Book Description
In helping establish a new field of study in the organizational sciences, POS, this book examines a variety of positive dynamics in businesses and organizations that give rise to extraordinary outcomes. Positive Organizational Scholarship does not adopt one particular theory or framework, but encompasses any phenomenon that leads to positive, nurturing results. This collection of essays, written by established senior scholars, explains why and how these commonsense prescriptions work.Customer Reviews:
The idea of positive deviance might seem odd at first, but becomes quite powerful as you understand it.......2006-08-14
Positive Organizational Scholarship.......2005-08-03
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