Showing how pride, jealousy, fear and ambition fueled Wall Street's debt mania - with consequences that affected hundreds of thousands of people, this book takes the reader behind closed board-room doors to show how ambitious young bankers and ruthless dealmakers changed one another's lives - and the whole American economy. At its peak in the 1980s, Kohlberg Kravis Roberts & Co. (KKR) was a firm that had awesome power. The author shows how KKR dominated the Wall Street scene, acquiring one Fortune 500 company after another, ...
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Showing how pride, jealousy, fear and ambition fueled Wall Street's debt mania - with consequences that affected hundreds of thousands of people, this book takes the reader behind closed board-room doors to show how ambitious young bankers and ruthless dealmakers changed one another's lives - and the whole American economy. At its peak in the 1980s, Kohlberg Kravis Roberts & Co. (KKR) was a firm that had awesome power. The author shows how KKR dominated the Wall Street scene, acquiring one Fortune 500 company after another, including Safeway, Beatrice Foods, Duracell, Motel 6, and RJR Nabisco. That dominance allows the history of this single firm to tell the story of the undermining of the prudence of American businessmen and the fundamental soundness of the economy. Bankers and money managers stopped financing highways and factories and instead lent billions to KKR to pay for high-debt acquisitions. As companies then laboured to pay off their debt loads, growth suffered, vital capital investments were deferred and technological innovation was foreclosed. In short, the flirtation with daredevil debt, Anders argues, silently took its toll on US economic strength.
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Add this copy of Merchants of Debt Kkr and the Mortgaging of American to cart. $37.29, new condition, Sold by Books2anywhere rated 5.0 out of 5 stars, ships from Fairford, GLOUCESTERSHIRE, UNITED KINGDOM, published 2002 by Beard Books.
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Add this copy of Merchants of Debt: KKR and the Mortgaging of American to cart. $37.27, new condition, Sold by GreatBookPricesUK5 rated 4.0 out of 5 stars, ships from Castle Donington, DERBYSHIRE, UNITED KINGDOM, published 2002 by Beard Books.
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New. Trade paperback (US). Glued binding. 364 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of Merchants of Debt Kkr and the Mortgaging of American to cart. $39.85, new condition, Sold by Paperbackshop International rated 2.0 out of 5 stars, ships from Fairford, GLOS, UNITED KINGDOM, published 2002 by Beard Books.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
Add this copy of Merchants of Debt: Kkr and the Mortgaging of American to cart. $12.87, good condition, Sold by ThriftBooks-Baltimore rated 5.0 out of 5 stars, ships from Halethorpe, MD, UNITED STATES, published 1993 by Basic Books.
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