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Business Adventures: Twelve Classic Tales from the World of Wall Street
Business Adventures Twelve Classic Tales from the World of Wall Street Author:John Brooks What do the $350 million Ford Motor Company disaster known as the Edsel, the fast and incredible rise of Xerox, and the unbelievable scandals at General Electric and Texas Gulf Sulphur have in common? Each is an example of how an iconic company was defined by a particular moment of fame or notoriety; these notable and fascinating accounts... more » are as relevant today to understanding the intricacies of corporate life as they were when the events happened.
Stories about Wall Street are infused with drama and adventure and reveal the machinations and volatile nature of the world of finance. Longtime New Yorker contributor John Brooks’s insightful reportage is so full of personality and critical detail that whether he is looking at the astounding market crash of 1962, the collapse of a well-known brokerage firm, or the bold attempt by American bankers to save the British pound, one gets the sense that history repeats itself.
Five additional stories on equally fascinating subjects round out this wonderful collection that will both entertain and inform readers . . . Business Adventures is truly financial journalism at its liveliest and best.
InnehaÌll: The fluctuation: the little crash in '62 --
The fate of the Edsel: a cautionary tale --
The federal income tax: its history and peculiarities --
A reasonable amount of time: insiders at Texas Gulf Sulphur --
Xerox Xerox Xerox Xerox --
Making the customers whole: the death of a president --
The impacted philosophers: non-communication at GE --
The last great corner: a company called Piggly Wiggly --
A second sort of life: David E. Lilienthal, businessman --
Stockholder season: annual meetings and corporate power --
One free bite: a man, his knowledge, and his job --
In defense of sterling: the bankers, the pound, and the dollar« less