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Greed and Glory on Wall Street: The Fall of the House of Lehman

Name: Greed and Glory on Wall Street: The Fall of the House of Lehman
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4.00 of 5 Stars: Biography & History - Greed and Glory on Wall Street: The Fall of the House of Lehman

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Book Synopsis: The inside account of a financial meltdown that reshaped Wall Street In 1983, Lew Glucksman, then co-CEO of the heralded investment bank Lehman Brothers, demanded the resignation of chairman Pete Peterson, with whom he had long argued over how to manage the company. Shockingly, Peterson, who had taken charge a decade earlier and led Lehman from near collapse to record profits, agreed to step down. In this meticulously researched volume, Ken Auletta details the turmoil, infighting, and power struggles that brought about Peterson’s departure and the eventual sale of one of Wall Street’s oldest and most prestigious firms. Set against the backdrop of the 1980s stock exchange, where hotshot young traders made and lost millions in a single afternoon, the story of Lehman’s fall is a suspenseful battle of wills between bankers, traders, and executives motivated by greed, envy, and ego. Auletta, who conducted hundreds of hours of interviews and was granted access to private company records, has crafted a thorough, enduring, and engaging account of pivotal events that continued to influence this storied financial institution until its ultimate demise in 2008.

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Discover the gripping tale of the rise and fall of the House of Lehman with "Greed and Glory on Wall Street". This book offers a thrilling inside look at the financial meltdown that reshaped Wall Street, revealing the power struggles, intrigues, and high-stakes drama that led to the eventual downfall of one of the most prestigious firms in the industry.

Author Ken Auletta's meticulous research and in-depth interviews provide a comprehensive account of the turmoil and infighting within Lehman Brothers that ultimately led to its demise. From the egos of top executives to the greed of hotshot traders, this book uncovers the dark underbelly of the 1980s stock exchange and the pivotal events that shaped the fate of Lehman Brothers.

Immerse yourself in this riveting story of ambition, betrayal, and financial chaos that captivated the world. A must-read for anyone interested in finance, history, or corporate intrigue, "Greed and Glory on Wall Street" is a timeless tale that continues to resonate in today's financial landscape.

Experience the gripping narrative of "Greed and Glory on Wall Street" and uncover the secrets behind the fall of a financial giant. Order your copy now and delve into the captivating world of high finance and turbulent corporate power struggles!

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