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 PrologueThe 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 "shareholders 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, Evanss 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 anothers takeover tactics. She relates in dramatic detail a number of important early takeover fights -- Wolfsons challenge to Montgomery Ward, Youngs move on the New York Central Railroad, the fight for Follansbee Steel -- and shows how they foreshadowed the desperate battle waged by Tom Evanss 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 Evanss 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.
With shocking new details from Madoff himself The definitive account of the worlds biggest Ponzi scheme an instant New York Times bestsellerWho was Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? This question has long fascinated people, about the New York financier who swindled his friends, relatives, and other investors out of $65 billion. And in The Wizard of Lies, Diana B. Henriques of the New York Times has written the definitive and bestselling account of the man and his scheme, drawing on unprecedented access and more than one hundred interviews, including Madoffs first interviews for publication following his arrest. Henriques provides vivid details from the lawsuits and government investigations that explode the myths that have come to surround the story, and in a revised and expanded epilogue, she unravels the latest legal developments. A true-life financial thrillerand now a major HBO film starring Robert De Niro and Michelle PfeifferThe Wizard of Lies contrasts Madoffs remarkable rise on Wall Street with dramatic scenes from his accelerating slide toward self-destruction. It is also the most complete account of the heartbreaking personal disasters and landmark legal battles triggered by Madoffs downfallthe suicides, business failures, fractured families, shuttered charitiesand the clear lessons this timeless scandal offers to Washington, Wall Street, and Main Street.
O pior dia da história de Wall Street, de Diana B. Henriques, autora best-seller do New York Times, é uma obra preventiva que relata a crise de 1987 e como o sistema financeiro dos EUA quase entrou em colapso. Apelidado de "Segunda-Feira Negra", o dia 19 de outubro de 1987 foi de longe o pior da historia de Wall Street. O indice Dow Jones, um dos principais indicadores do mercado financeiro dos Estados Unidos, caiu chocantes 22,6%, declinio percentual quase duas vezes maior que o do pior dia da crise de 1929. Nem mesmo os ataques terroristas de 11 de setembro de 2001, o crash de 2008 e a decretaço da pandemia de Covid-19 em 2020 causaram baque to grande nos indices da Bolsa de Valores norte-americana em um unico dia.Os especialistas no so unanimes quanto ao motivo que levou a desvalorizaço to brusca, mas concordam que novos protagonistas, como o uso de ferramentas computadorizadas nas negociaçes financeiras e o comportamento de manada, deram origem a um novo tipo de crise, que ainda ameaça a sobrevivencia do mercado financeiro como o conhecemos hoje.Partindo de extensa pesquisa e dezenas de entrevistas exclusivas, Diana B. Henriques conta uma historia de oportunidades perdidas, iluses de mercado e açes destrutivas que envolveu desde um escandalo na cotaço da prata em 1980 ate o papel das agencias reguladoras de Washington, passando pela rivalidade entre as bolsas de Chicago e Nova York. Com o desenrolar dos acontecimentos, no foi possivel evitar o iminente colapso do mercado, mesmo apos herois inesperados se colocarem na linha de frente para evitar desastre ainda maior.Mais de trinta anos se passaram e investidores, reguladores e banqueiros parecem ignorar as liçes de 1987, mesmo quando os sinais se repetiram de forma assombrosa, como na crise financeira de 2008. O pior dia da historia de Wall Street apresenta esse episodio como uma forma no so de analisar os erros do passado, mas de alertar para a repetiço deles. "Uma excelente obra de advertencia que deveria estar na cabeceira de politicos e investidores e tambem de todos que trabalham com sistema financeiro." The Washington Post"Relatorio economico solido. Os investidores que se lembram dos acontecimentos de trinta anos atras ficaro em choque novamente, especialmente quando a autora sugere que o pior ainda pode estar por vir." Kirkus Reviews "Uma narrativa fiel, agil e profundamente pesquisada... E uma leitura obrigatoria para quem quer entender por que os mercados financeiros oscilam de crise em crise e continuam assustadoramente suscetiveis a quebras." Publishers Weekly
A história da maior fraude financeira de todos os tempos. Livro que inspirou o filme estrelado por Robert De Niro e Michelle Pfeiffer. Por volta de 1992, Bernard Madoff, fundador e presidente de uma das sociedades de investimento mais importantes de Wall Street, começou a articular um esquema com conexes no mundo todo. Fundos de investimento com altas taxas de juros atrairam o interesse de cada vez mais investidores, que no imaginavam estar se envolvendo em uma sofisticada piramide de fraude financeira. A operaço so foi descoberta em 2008, quando o mercado estava devastado pela crise global e os investidores no conseguiram resgatar seus depositos. Ate ento reconhecido como o mago de Wall Street, Madoff viu a derrocada do esquema revelar prejuizos de dezenas de bilhes de dolares, o que evidenciou o castelo de cartas sobre o qual havia construido seu imperio. Em um suspense financeiro sobre fatos reais, Diana B. Henriques, do New York Times, derruba muitos dos mitos sobre o homem que roubou quase US$65 bilhes de seus amigos, parentes e investidores.
The extraordinary (New York Times Book Review, Editors Choice) story of FDRs fight for the soul of American capitalismfrom award-winning journalist Diana B. Henriques, author of The Wizard of Lies: Bernie Madoff and the Death of TrustI thought I was well versed in the New Deal, but it turns out I knew next to nothing. Diana Henriquess chronicle is meticulous, illuminating, and riveting.Kurt Andersen, New York Times bestselling author of Evil Geniuses and FantasylandWINNER OF THE SABEW BEST IN BUSINESS BOOK AWARD A BLOOMBERG BEST BOOK OF THE YEARTaming the Street describes how President Franklin D. Roosevelt battled to regulate Wall Street in the wake of the 1929 stock market crash and the ensuing Great Depression. With deep reporting and vivid storytelling, Diana B. Henriques takes readers back to a time when Americas financial landscape was a jungle ruled by the titans of vast wealth, largely unrestrained by government. Roosevelt ran for office in 1932 vowing to curb that ruthless capitalism and make the world of finance safer for ordinary savers and investors. His deeply personal campaign to tame the Street is one of the great untold dramas in American history. Success in this political struggle was far from certain for FDR and his New Deal allies, who included the political dynasty builder Joseph P. Kennedy and the future Supreme Court justice William O. Douglas. Wall Streets old guard, led by New York Stock Exchange president Richard Whitney, fought every new rule to the last legal ditch. That clashbetween two sharply different visions of financial power and federal responsibilityhas shaped how other peoples money is managed in the United States to this day. As inequality once again reaches Jazz Age levels, Henriques brings to life a time when the system workedan idealistic moment when ordinary Americans knew what had to be done and supported leaders who could do it. A vital history and a riveting true-life thriller, Taming the Street raises an urgent and troubling question: What does capitalism owe to the common good?