THE ACCIDENTAL INVESTMENT BANKER by Jonathan A. Knee ( 9780195307924 )

Item Details

Title:

THE ACCIDENTAL INVESTMENT BANKER
INSIDE THE DECADE THAT TRANSFORMED WALL STREET

By:

Format:

Hardback

List price:	£32.99
We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10:

0195307925

ISBN 13:

9780195307924

Publisher:

OXFORD UNIVERSITY PRESS INC

Pub. date:

8 December, 2011

Pages:

288

Description:

In this candid and irreverent insider's account of an industry in free fall, Knee captures an exhilarating era of fabulous dealmaking in a freewheeling Internet economy--and the catastrophe that followed when the bubble burst.

Synopsis:

Jonathan A. Knee had a ringside seat during the go-go, boom-and-bust decade and into the 21st century, at the two most prestigious investment banks on Wall Street-Goldman Sachs and Morgan Stanley. In this candid and irreverent insider's account of an industry in free fall, Knee captures an exhilarating era of fabulous deal-making in a free-wheeling Internet economy-and the catastrophe that followed when the bubble burst. Populated with power players, back stabbers, celebrity bankers, and godzillionaires, here is a vivid account of the dramatic upheaval that took place in investment banking. Indeed, Knee entered an industry that was typified by the motto "first-class business in a first-class way" and saw it transformed in a decade to a free-for-all typified by the acronym IBG, YBG ("I'll be gone, you'll be gone"). Increasingly mercenary bankers signed off on weak deals, knowing they would leave them in the rear-view mirror. Once, investment bankers prospered largely on their success in serving the client, preserving the firm, and protecting the public interest.Now, in the "financial supermarket" era, bankers felt not only that each day might be their last, but that their worth was tied exclusively to how much revenue they generated for the firm on that day-regardless of the source. Today, most young executives feel no loyalty to their firms, and among their clients, Knee finds an unprecedented but understandable level of cynicism and distrust of investment banks. Brimming with insight into what investment bankers actually do, and told with biting humor and unflinching honesty, The Accidental Investment Banker offers a fascinating glimpse behind the scenes of the most powerful companies on Wall Street.

Illustrations:

black & white illustrations

Publication:

Imprint:

Oxford University Press Inc

Returns:

Returnable

Some other items by this author:

CLASS CLOWNS

CLASS CLOWNS (HB)

PLATFORM DELUSION (HB)

THE ACCIDENTAL INVESTMENT BANKER (PB)