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A Colossal Failure of Common Sense, The Incredible Inside Story of the Collapse of Lehman Brothers
Biographies & Memoirs

A Colossal Failure of Common Sense, The Incredible Inside Story of the Collapse of Lehman Brothers

Authors: Larry McDonald,Patrick Robinson

When the Lehman Brothers bank collapsed, the world froze. One of the largest and most successful banking institutions, its fall triggered the global economy's descent into a Second Great Depression....

When the Lehman Brothers bank collapsed, the world froze. One of the largest and most successful banking institutions, its fall triggered the global economy's descent into a Second Great Depression. This is the gripping inside story of the shadowy characters who ruled Lehman, refusing to heed warnings that the company was headed onto the rocks. The...

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Top specs

  • Number of pages Number of pages 368
  • Language English
  • Cover Cover Soft
  • Year of publication Year of publication 2009
  • Publisher Publisher Penguin
Genre: Testimony Entrepreneurs
22 51 €
23 Coins 23 Coins
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Description & Specifications

When the Lehman Brothers bank collapsed, the world froze. One of the largest and most successful banking institutions, its fall triggered the global economy's descent into a Second Great Depression. This is the gripping inside story of the shadowy characters who ruled Lehman, refusing to heed warnings that the company was headed onto the rocks. The extraordinary mid-level people who bravely struggled to change Lehman's disastrous course. A whistle-blowing account that answers the question everyone is still asking: "Why did it happen?" Larry McDonald, a former Vice President of Lehman Brothers responsible for distressed debt and convertible securities trading, was at the center of the company's meltdown and offers an intimate view into the chaos that became Lehman. This book convincingly shows that Richard Fuld, Lehman's long-time CEO, and his top managers were completely out of touch, allowing Lehman's risk profile to reach gargantuan heights. While traders like Larry McDonald clearly predicted more than two years in advance that the market for mortgage bundles and credit default swaps would vanish, Lehman's senior managers drove the company hard into the ground right up until the end.

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Warnings & Safety Information
Authors
Larry McDonald, Patrick Robinson
Publisher
Penguin
Language
English
Subtitle
The Incredible Inside Story of the Collapse of Lehman Brothers
Cover
Soft
Number of Pages
368
Type
Testimonial
Attribute
Entrepreneurs
Publication Date
2009
Dimensions
12.6x19.8 cm
ISBN-13
9780091936150

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Specifications are collected from official manufacturer websites. Please verify the specifications before proceeding with your final purchase. If you notice any problem you can report it here.

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