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The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers

The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers

by VickyWard (Author)

  • Used

    Hardcover 2010

    $3.40
Synopsis

The inside story of what really happened at Lehman Brothers andwhy it failed

In The Devil's Casino: Friendship, Betrayal, and the High StakesGames Played Inside Lehman Brothers, investigative writer andVanity Fair contributing editor Vicky Ward takes readers insideLehman's highly charged offices. What Ward uncovers is a muchbigger story than Lehman losing at the risky game of collateralizeddebt obligations, swaps, and leverage.

A can't put it down page turner that opens the world of WallStreet to view unlike any book since Bonfire of the Vanities,except that The Devil's Casino isn't fiction. * Details what went on behind-the-scenes the weekend LehmanBrothers failed, as well as inside Lehman during the twenty yearspreceding it * Describes the feudal culture that proved both Lehman's strengthand its Achilles' heel * Written by Vicky Ward, one of today's most connected businessand finance writers

On Wall Street, Lehman Brothers was cheekily known as "the catwith nine lives." But as The Devil's Casino documents, this catpushed its luck too far and died?the victim of men and womenblinded by arrogance.

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More Information

Format: Hardcover
 Pages: 288
 Publisher: John Wiley & Sons
Published: 18 Mar 2010
ISBN 10: 0470540869
ISBN 13: 9780470540862

Media Reviews
'...her book glows because of the poignancy of the Mad Men-like human story at its core.' (Spectator Business, June 2010). '...Ward skitters between financial reportage and human interest to tell a clear modern history of the cat with nine lives...' (The New Economy, July 2010). A gripping, gossipy account of the rise and fall of Lehman Brothers which reads like a novel. (Financial Times Weekend, June 2010). '...lifts the lid on the extraordinary culture of a firm...' (TimesLive.co.za, March 2010). '...Ward sums up the high price - a life of isolation, backstabbing, and hypocrisy - paid by Lehman's better halves.' (Vanity Fair, April 2010). '...[an] entertaining account of Lehman's rise and fall...' (Spectator, April 2010). 'Ward takes you inside Lehman's highly charged offices.' (HereIsTheCity.com, March 2010).
Author Bio
VICKY WARD has been a contributing editor to Vanity Fair since 2001, specializing in investigative reporting. She has profiled, among others, Jean-Marie Messier, Carly Fiorina, CIA agent Valerie Plame, businesswoman Louise MacBain, Morgan Stanley, the late Bruce Wasserstein, counterterrorism expert Rich-ard Clarke, Francois Pinault, the Getty, the Guggenheim, Fairfield Greenwich Group (a Madoff feeder fund), Brooke Astor, and Kate Moss. Ward is a weekly columnist for the Huffington Post and a contributor to CNBC. She was previously the executive editor of Talk magazine. Her work has appeared in the New York Times, the Financial Times, the London Times, and the Daily Telegraph. A native Briton, Ward was the runner-up for the Catherine Pakenham Award in 1994, Britain s most prestigious award for young women writers. She holds a master s degree in English literature from Cambridge University and has lived in New York City since 1997.