Dangerous Dreamers: The Financial Innovators from Charles Merrill to Michael MilkenBeard Books, 2000 - 276 páginas The story of the perpetrators of some of the most dizzing and daring financial machinations. |
Dentro del libro
Resultados 1-5 de 81
Página 10
... share , and Wolfson and Gerbert sold into the market . Between 1960 and 1962 , they sold 690,000 shares of unregis- tered stock on the open market , for a profit of more than $ 1.6 million . Wolfson conceded that he did make the sales ...
... share , and Wolfson and Gerbert sold into the market . Between 1960 and 1962 , they sold 690,000 shares of unregis- tered stock on the open market , for a profit of more than $ 1.6 million . Wolfson conceded that he did make the sales ...
Página 14
... share prices did not reflect their true value . Wolfson became famous for ferreting out stocks selling substantially below the worth of their net assets . In the 1980s , T. Boonc Pickens , Carl Icahn , and others would think the same ...
... share prices did not reflect their true value . Wolfson became famous for ferreting out stocks selling substantially below the worth of their net assets . In the 1980s , T. Boonc Pickens , Carl Icahn , and others would think the same ...
Página 15
... shares for something under half a mil- lion dollars , which made him MC & S's largest shareholder . A proxy fight ensued , which he and his associates won for three reasons : ( 1 ) they had so large a stake to begin with , ( 2 ) there ...
... shares for something under half a mil- lion dollars , which made him MC & S's largest shareholder . A proxy fight ensued , which he and his associates won for three reasons : ( 1 ) they had so large a stake to begin with , ( 2 ) there ...
Página 16
... shares outstand- ing came to only $ 4.8 million . With permission of the Interstate Commerce Commission , Wolfson bought 46 percent of Capital's shares for $ 20 a share , which came to under $ 2.2 million . He then ousted most of the ...
... shares outstand- ing came to only $ 4.8 million . With permission of the Interstate Commerce Commission , Wolfson bought 46 percent of Capital's shares for $ 20 a share , which came to under $ 2.2 million . He then ousted most of the ...
Página 17
... shares , coming to $ 390 million or so . Or he might have confronted management and offered to sell his shares to them for a profit , this being the " greenmail " approach that became so notorious in the 1980s . Such procedures were ...
... shares , coming to $ 390 million or so . Or he might have confronted management and offered to sell his shares to them for a profit , this being the " greenmail " approach that became so notorious in the 1980s . Such procedures were ...
Contenido
The Use of Junk in Corporate Creation and Takeovers | 128 |
Rationalizing Takeovers | 129 |
Beatrice and ITT | 131 |
Plums in Petroleum | 133 |
T Boone Pickens and the New Corporate Raiders | 136 |
Boone Goes Hunting | 138 |
The Gulf War | 140 |
Drexel as Predator King | 146 |
29 | |
32 | |
33 | |
34 | |
37 | |
38 | |
41 | |
42 | |
46 | |
49 | |
55 | |
58 | |
62 | |
64 | |
The Early Years at Drexel | 71 |
Relationship Trading | 75 |
Invading the Market | 78 |
Weaving the Drexel Network | 81 |
Tom Spiegel and Columbia SL | 84 |
Fred Carr and the Revolution in Insurance | 86 |
Doing Deals | 90 |
The Milken Partnerships | 93 |
Drexels Failures | 95 |
The Early Deals | 96 |
The New Breed | 100 |
The Rise of Ethnics on Wall Street | 102 |
Insider Trading | 107 |
The Yuppie Generation | 110 |
The Rebirth of the Hostile Takeover | 112 |
Blackmail | 116 |
Reinventing America | 121 |
Attacking the Mismanagers | 123 |
The Rise of the Trader | 125 |
The Business Roundtable Battles Back | 147 |
Cameomail from Phillips | 149 |
Dont Go Hunting Without It | 153 |
The Counterattack | 157 |
The Contest for Unocal Begins | 159 |
Fred Hartley Goes to Washington | 161 |
Fueling the Regulatory Fires | 164 |
Unocal Beats Back the Raiders | 165 |
The Takeover Debates | 169 |
The Great Debacle | 172 |
Boesky Talks | 174 |
Giuliani and RICO | 176 |
Targeting Milken | 178 |
The War on Drexel | 179 |
Capitulation | 182 |
Congress Piles on Junk | 183 |
The Crusade Continues | 186 |
The Academic Evidence on Junk | 187 |
Milken Predicts the End of the Junk Era | 191 |
Drexels Demise | 194 |
Crime and Punishment | 198 |
What Was Milkens Crime? | 199 |
The Fatico Hearing | 204 |
In the Court of Public Opinion | 209 |
Prison | 212 |
Demonization | 213 |
The Shadow of AntiSemitism | 215 |
The Verdict on Milken | 217 |
Notes | 220 |
Selected Bibliography | 239 |
Index | 249 |
Otras ediciones - Ver todas
Dangerous Dreamers: The Financial Innovators from Charles Merrill to Michael ... Robert Sobel Vista de fragmentos - 1993 |
Términos y frases comunes
acquisitions American April assets bankers became Beverly Hills Boesky Boone Pickens Brady brokerage brokers Business Week capital Carl Icahn cash charges common stock companies conglomerate Corporate crime Dahl deal debt decade default dividends Drexel Burnham Lambert Drexel client earnings equity Executive firm Forbes Fred Giuliani greenmail guilty Gulf Hartley High Yield hostile takeovers Icahn indictment industry insider trading Institutional Investor interest rates investment banks issues James Ling Joseph junk bonds junk financing Justice Department late later leveraged buyout Liman Ling major March ment merger Merrill Lynch Mesa Michael Milken Mike Milken million shares Montgomery Ward mutual funds NYSE offer pension percent period petroleum Phillips plea bargain profits purchase raid raiders raise Salomon securities sell sentence shareholders sold Spiegel stockholders target tender thrifts tion told underwriting Unocal Wall Street Journal wanted Washington Wolfson York
Pasajes populares
Página 107 - To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or...
Página 244 - The Cost of Capital, Corporate Finance, and the Theory of Investment.
Página 106 - Greed is all right, by the way. I want you to know that. I think greed is healthy. You can be greedy and still feel good about yourself.
Página 64 - Archilochus: the fox knows many things, but the hedgehog knows one big thing.
Página 172 - goods and services" that the Bill has in mind would certainly include the cost of fuel purchased from a fuel subsidiary. The report of the Subcommittee on Oversight and Investigations of the House Committee on Interstate and Foreign Commerce...
Página 108 - Where an insider has possession of facts that are known to him by virtue of his status and that, if known generally, would tend materially to affect the price of the security, the law requires that the insider disclose these facts to those with whom he deals or forego the transaction.
Página 25 - And so in our case it has long been our policy and our effort to get our clients, not by chasing after them, not by praising our own wares, but by an attempt to establish a reputation which would make clients feel that if they have a problem of a financial nature, Dr. Kuhn, Loeb & Co. is a pretty good doctor to go to.
Página 177 - It shall be unlawful for any person through a pattern of racketeering activity or through collection of an unlawful debt to acquire or maintain, directly or indirectly, any interest in or control of any enterprise which is engaged in, or the activities of which affect, interstate or foreign commerce.
Página 184 - LOS IONS High yield bonds have been good investments in relation to other investments for thrifts during a period of unprecedented peacetime economic expansion. So far, the returns on an actively managed and diversified portfolio of high yield bonds have been higher than returns on alternative investments, after accounting for comparative risk. However, whether this will continue to be the case is uncertain.
Página 48 - It creates nationwide marketing, managerial and financial structures whose enormous physical and psychological resources pose substantial barriers to smaller firms wishing to participate in a competitive market. And, finally, super-concentration creates a "community of interest" which discourages competition among large firms and establishes a tone in the marketplace for more and more mergers.