Author: Daniel J. Kadlec
Edition: 1st
Publisher: Harper Paperbacks
Binding: Paperback
ISBN: 0887309321
Price:
You Save: 11%
Masters of the Universe: Winning Strategies of America's Greatest Dealmakers
Meet the men and minds that have ignited the greatest decade of deal making in the history of business
In the 1980s Tom Wolfe coined the term "masters of the universe" for hard-charging Wall Streeters.Masters of the Universe review. In the '90s, that term is applied broadly to the takeover pros behind a decade of stunning mergers and acquisitions. The decade produced more than trillion in M&A, far more than the .4 trillion in the "decade of greed." Daniel JRead full reviews of Masters Of The Universe Classics Hordak.
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Masters of the Universe Reviews
In the '90s, that term is applied broadly to the takeover pros behind a decade of stunning mergers and acquisitions. The decade produced more than trillion in M&A, far more than the .4 trillion in the "decade of greed." Daniel J. Kadlec, Time magazine's Wall Street columnist, quizzed nine top guns about the strategies they used to pull off the greatest deals in history. The result is a penetrating portrait of how business is done at its highest level, with insights and lessons for everyone. Masters Of the Universe will open your eyes to the brave new world of deal making.
The Deal Makers
- Hugh McColl with his gripping tale of buying BankAmerica
- Sandy Weill on how he pulled off the Citicorp-Travelers merger
- Stephen Bollenbach on the rocky road to breaking up Marriott Corp.
- Carl Icahn with the inside story of his showdown with Texaco
- Gary Wilson on buying Northwest Airlines
- Ted Forstmann on surviving and then thriving with Gulfstream Joe Rice on his signature deal carving Lexmark out of IBM Henry Silverman on his groundbreaking purchase of Avis
Daniel Kadlec, financial columnist for Time magazine, lines up nine of the biggest dealmakers of our era and profiles the most important deal of each man's career. He keeps most of the focus on the transactions themselves, but also tries to attach a human face to business-page staples like Carl Icahn, Hugh McColl, and Sumner Redstone. He succeeds, to an extent; we come away at least with a feeling of what it's like to engage in conversation with these corporate titans. For example, there's a rather chilling encounter with Icahn that helps illustrate why he was such a cold-blooded success as a corporate-takeover artist.
Readers will probably end up liking most of these guys. Hugh McColl, for example, waited until his NationsBank was bigger than Bank of America before he merged the two, even though he could've done the deal several years earlier. He comes off not just as a man with brass between his legs, but also as one with unusual integrity.
But no matter how you feel about these sometimes cutthroat men and the business moves they've made, you can't help but learn from them: how to improve weak bargaining positions, how to invest in out-of-favor industries, how to adapt to changing times--or, if you have the courage and vision, how to change the times to suit you. --Lou Schuler
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