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The Predators' Ball by Connie Bruck
  • The Predators' Ball

  • The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders

  • by Connie Bruck
  • £9.09
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    • Product code: 0302
    • ISBN: 0140120904, ISBN13: 9780140120905, 399 pages, paperback
      Published by Penguin Books Ltd in 1988
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    Description of The Predators' Ball

    During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. He invented such things as 'the highly confidential letter' ('I'm highly confident that I can raise the money you need to buy company X') and 'the blind pool' ('Here's a billion dollars: let us help you buy a company'), and he financed the biggest corporate raiders - men like Carl Icahn and Ronald Perelman. And then, on September 7, 1988, things changed . . .

    The Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud. Waiting in the wings was the U.S. District Attorney, who wanted to file criminal and racketeering charges.

    What motivated Milken in his drive for power and money? Did Drexel Burnham Lambert condone the breaking of laws? The Predator's Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s.

    Reviews

    'Connie Bruck traces the rise of this empire with vivid metaphors and with a smooth command of high finance's terminology.'
    The New York Times

    'Wall Street's reading list starts off with a sizzler: The Predator's Ball.'
    USA Today

    'The Predator's Ball is dirty dancing downtown.'
    Newsday

    Contents of The Predators' Ball

    Prologue: The Ball

    Part One: Spreading the Gospel
    1. The Miner's Headlamp
    2. Dr Feelgood
    3. Transformation
    4. Merge with Mike
    5. The Cloister at Wilshire and Rodeo
    6. The Air Fund

    Part Two: Pawns Capture Kings
    7. Triangle: National Can: Kingmaker
    8. Icahn-TWA: from Greenmailer to Manager-Owner
    9. Pantry Pride-Revlon: The Crucial Campaign

    Part Three: The Zenith - and the Fall
    10. 'Drexel is Like a God'
    11. Proven Prophet - So Far
    12. Milken's Money Machine
    13. The Enforcer
    14. Sovereign Privileges
    15. Boesky Day
    16. The Center Cannot Hold
    17. The Humbling

    Afterword

    Acknowledgements

    Index


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