Greed and Glory on Wall Street: The Fall of the House of Lehman.
AULETTA, Ken.
Greed and Glory on Wall Street: The Fall of the House of Lehman.
"You know I couldn't have done this without you. Thanks for all your help and encouragement": First Edition of Greed and Glory on Wall Street: The Fall of the House of Lehman; Lengthily Inscribed by Ken Auletta
New York: Random House, 1986.
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Item Number: 146366
First edition of this classic account of the Lehman Brother takeover. Octavo, original half cloth. Presentation copy, warmly inscribed by the author in the month of publication on the front free endpaper, “1/5/86 Dear Jerry, You know I couldn’t have done this without you. Thanks for all your help and encouragement. Ken.” Near fine in a near fine dust jacket. Jacket design by Robert Aulicino. Jacket photograph by Jake Rajs. Rare and desirable signed and inscribed, especially in the year of publication.
Based on probing research, this modern morality tale is an expansion of a 1984 New York Times Magazine article on the ruinous behind-the-scenes struggle between two top officers of the 134-year-old private investment banking firm Lehman Brothers Kuhn Loeb. Auletta (The Art of Corporate Success) recounts in detail the takeover of the traditional and specialized but dissent-ridden and undercapitalized Wall Street company by an outside trader, the recently formed global giant Shearson/American Express. The new conglomerates that emerge from such moves, Auletta maintains, emphasize transactual, service business rather than advisory functions, and short-term gains at the expense of long-range growth plans. Wall Street, he claims, is well on its way to being dominated by a few superpowers that combine all financial services under one roof.
