When retired telecommunications analyst Dan Reingold decided to write an account of what he'd seen while working for powerful Wall Street investment banks, he turned to his niece, a journalist at Fast Company and the author of Final Accounting: Ambition, Greed and the Fall of Arthur Anderson, for help. Together, they've created a solid structure for his recollections of life in the trenches, but because he's one of the good guys, Reingold doesn't have much to confess. Beyond detailing every step in his upward career mobility, Reingold does little but gripe about people like his main competitor, Jack Grubman, who spent years flaunting insider connections with executives who would float him advance info on major corporate deals. (Grubman is currently a defendant in several securities fraud cases.) Reingold does suggest that insider influence is so pervasive in the financial market that investors should avoid individual stocks completely, and he has a number of recommendations for industry-wide reform, but in the end, his story is basically that he worked in the same industry as a bunch of bad eggs. While the personal material is never less than engaging, it doesn't fundamentally alter our understanding of the recent market scandals. (Feb.)
【目录】
Acknowledgments
Cast of Characters
Prologue: Tuesday, March 15, 2005
1. The Plunge: 1989-1991
"This Is the Street Where They Fool People."
From Consulting to Communications: MCI
My First Run-in with Jack Grubman
Street Smarts
Ed Comes Knocking
From the Jetway to the Attic
"We Do Not Make Negative or Controversial
Comments About Our Clients."
2. Around the World in Seven Days (or Less): 1992-1993
Climbing Over the Wall
"You're the Only One."
"Hi, I'm John Mack..."
Privatization Pandemonium
The Perils of Papadam
Mississippi Madness
3. Rainmaker, Dealbreaker: 1993-1996
Fraud I01
Tone and Notice
Jack's Knack
Afternoon Tryst
My Major Opinion Change:
Upgrading the Bells, Downgrading AT& T
The Power of the Poll
"Just to Make Things Interesting"
4. Intimidation: 1996-1997
M&A Mania
Nothing Personal?
Internet Ignorance
Suffocation
My Failed Quest for Qwest
Fido Loves WorldCom
Irrational Exuberance
5. Merger Mania: July 1997-January 1999
The Case of the Secret Document
MCI/BT~ The "BloodBath"
Jack and Bernie: Inextricably Linked
Jack Plays Loose: I Play Banker
How I Lost My Bank $25 Million
6. Oxygen Deprivation: 1999
My Muhibillion-Dollar Mistake: AT& T
"You're Missing the Fucking Boat on Level 3"
"You Know He Can't Keep His Mouth Shut"
The SEC's Deadly Mistake
"How Can Your Best Friends Become Your Worst Enemies?"
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