The film was directed by and written by. For much of this book, that's an apt recommendation. Imagine something tangible, like a company creating a good. But he's not the only one. I'm grateful that we have fine writers like Burrough and Helyar to chronicle these kinds of things. Barbarians at the Gates is a fascinating tale about the rise and fall of food giant Nabisco. Anyway, everyone in this is just a monster.
Describes far too many people to follow and too much detail, but the sheer magnitude of greed, excess and penis envy is amazing. He made business acquisitions and sold others. Just couldn't get in to it. Brilliant, pushy, and beyond you puny human morals. The company's stable at the moment and raking in money, which can be either plowed back in to make the company stronger or handed out dividends. Sometimes you have to check, am I reading a kindergarten manifest with grown up words or do these people exist for real? It's all funny money or wampum.
And the volume of the book only speaks to the sheer journalistic effort they have put into this, while at the same time not allowing it to become boring at any point. I plan to watch the movie when I get an opportunity. It also reiterates what anyone who has worked for even a little while would know — the most important of decisions whether it is big business, politics or sport are taken for the most irrational of reasons, egos and chance. Little do we realise what makes the world go round. Describes far too many people to follow and too much detail, but the sheer magnitude of greed, excess and penis envy is amazing. Their big winner was the brand Camel. It's a large, well-sourced, tomb that is a dense tick-tock of a specific corporate situation.
Товар с самой низкой ценой, который уже использовали или носили ранее. It took me a while to get through the first 100 odd pages, but the remaining 500 I got through over the weekend. Each of the bidding firms cannot afford to lose out on the biggest deal ever, but almost no one factors in their respective desperations, which leads to a spiral of increasing hysteria as each party is surprised when someone else trumps them. According to Finn's calculations, this single transaction would boost the annual federal budget deficit by 2 percent. You never have to pay, but you get a lovely cash infusion.
Bryan Burrough joined Vanity Fair in August 1992 and has been a special correspondent for the magazine since January 1995. As far as I can tell, doing short-sighted things to raise your stock price only benefits your stockholders if they then sell your stock. The businesses were cannibilized and then closed after the maximum in profit was obtained. Nabisco did well, under a never- sit-still ran business, under his guidance. Guess who gets the company in the end. I try to rate books based on how well they achieve their own objectives, and I think this one nails its goals perfectly. As a result the board dumped him and replaced him with Ross Johnson.
Barbarians at the Gate involves hundreds of people, with literally dozens of main characters helpfully listed out by firm in the front of the book, a list you will return to again and again. The difference, is that Eichenwald tends to exam corporate malfeasance and the ne'er-do-wells getting their comeuppance. Not for every reader, which is why it is only at 4 stars here, but really a 4. If you don't understand the financial pages of newspapers and the terms they use, this is an easy way to learn about acquisitions, hostile takeovers, liquidity, assets, etc. The story was so captivating I had to read it midstream, interruping my reading of Max Hastings' Nemesis, which si good, but just not as compelling. He lives in Summit, New Jersey with his wife Marla and their two sons.
The book also give a great idea of how much the personalities of those involved in the business deal affect the decisions made. The reason Kravis can pay these incredible sums is that his money isn't real. Now you have new stockholders, who own artificially inflated stock whose price cannot be sustained, who you have screwed from the very beginning. Other bidders emerge, including and his company, , after Kravis and Johnson are unable to reconcile their differences. He says he did it for the stockholders. Corporate finance is labyrinthian by nature--to understand what actually happened in any given deal requires being able to track the money, the legal manuverings, and the easily ignored but incredibly critical personal relationships.
This book paints a grim picture of high finance and corporate excess. The main thing that went through my head for the first ~half of the book outlining Ross Johnson's rise to power -- at Standard Brands and at Nabisco -- was just how poorly corporate governance seemed to work. I have not read such an exciting business book for a while. Wall street loves the fees. In short, he's living high off of other people's money. The authors do an excellent job of providing background for the many people involved in the final bids, much of which is crucial for understanding their motivations and decisions.