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The Dinner Club [Hardcover]

Shannon Henry (Author)
3.2 out of 5 stars  See all reviews (10 customer reviews)


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Book Description

October 8, 2002
Since 1997, on the second Monday of each month, twenty-six of the most powerful men in business, the Vanderbilts and Morgans of their time, would gather to eat dinner, hear investment pitches, and take one of the few breaks they got all month with the handful of people on earth they saw as their peers. When "Washington Post" reporter Shannon Henry heard about these meetings, she knew that the story of the dinners and the tales told at them would provide a fascinating portrait of the greatest business boom in the history of the world.

What went on in these four-star restaurants and private dining clubs is the inside story of the 1990s...the unimaginable growth of the economy, and in hindsight, its all-too-predictable fall. Henry, widely labeled the "dot-com diva," was the only reporter who had ever been allowed continued access to this intimate and influential group, which included America Online co-founders Steve Case and Jim Kimsey, NASDAQ vice chairman Al Berkeley, WorldCom CEO John Sidgmore, chief executive of MicroStrategy Michael Saylor, Virginia governor and former tech investor Mark Warner, and AOL executive and Washington Wizards co-owner Ted Leonsis. In "The Dinner Club," Henry brings readers right to the dinner table, providing an unprecedented behind-the-scenes look at these stories of ego, greed, dreams realized, dreams dashed, and the handful who continue to thrive.

From bankrupt companies to blockbuster surprise deals, Henry paints a ruthless, charismatic, and at times humorous portrait of the '90's boom. At one point the mercurial nature of the group and its members' concern about their reputations caused them to un-invite Henry to the meetings. But in the end,she was allowed to return and to chronicle the rise and fall of many of their companies. And now, with so many of these companies in disarray, Henry gives extraordinary insight into what these men were thinking and saying. They didn't think failure could happen to them, because they thought that they were different. But it did.

"The Dinner Club" is not only the inside story of this historic time, but also a glimpse into the future of America, as the members of the club created a legacy that will forever affect us all.


Editorial Reviews

From Publishers Weekly

Washington Post tech reporter Henry's first book is a lively account of a billionaire boys club-members include Netscape's Marc Andreessen and AOL's Steve Case-whose purpose was to establish Washington, D.C., as a center of Internet activity. Henry attended the monthly dinners, during which startup CEOs wooed the group, who then nonchalantly voted whether to invest truckloads of cash-"thumbs up or thumbs down" like "the lions and the Christians." The book is ultimately a meditation on the nature of oligarchy during these dizzying times. The titans prove surprisingly fallible, combining the quixotic hope of transformative change while repressing the underlying harsh fiscal reality. Egotistical, greedy, petty, pretentious, grandiose and arrogant, the executives ultimately wanted to overhaul the entire world for the better and fell woefully short of that laudable goal. While the book usefully humanizes these tycoons, it also caters to the ordinary reader's schadenfreude, as the executives glumly watch their paper fortunes dissipate, concoct "Armageddon situations" and undertake "wealth preservation" (a euphemism for curtailing heedless squandering). The book is riotous and riveting, but not flawless. Henry too often leaves readers hankering for more information, and the book's chronology is sometimes irritatingly out of whack. Still, this brisk and incisive account combines the furtive thrill of restricted access with an outsider's detached reflection.
Copyright 2002 Reed Business Information, Inc.

From Library Journal

Imagine being the proverbial "fly on the wall" when the Capital Investors met the second Monday of each month. Washington Post columnist Henry provides us with such a perspective on this group of 26 of Washington's technology elite, who met throughout the booming 1990s to form a social network and, more important, to encourage entrepreneurship, new investment funds, and personal networking. Among the club's members were Steve Case, chair of AOL/Time Warner; Alfred R. Berkeley III, vice chair of Nasdaq Stock Market; John Disgmore, CEO of WorldCom; and Michael Saylor, cofounder, chair, and CEO of MicroStrategy. Henry, known as the "dot-com diva," lets readers listen in on significant conversations held over expensive, thoroughly described dinners at four-star restaurants where members considered possible start-up investments. She chronicles dinners held through the Internet boom to the market crash, after which Henry was briefly voted out of the dinner sessions. The Capital Investors group stirred some controversy since they didn't have women members and "their investments at times seemed haphazard." This book describes not only this turbulent time and its business stars but also influential events and privileged conversations as they happened. Recommended especially for academic business and larger public library collections.
Lucy Heckman, St. John's Univ. Lib., Jamaica, NY
Copyright 2002 Reed Business Information, Inc.

Product Details

  • Hardcover: 304 pages
  • Publisher: Free Press; First Edition edition (October 8, 2002)
  • Language: English
  • ISBN-10: 0743222156
  • ISBN-13: 978-0743222150
  • Product Dimensions: 8.7 x 5.9 x 1.1 inches
  • Shipping Weight: 1 pounds
  • Average Customer Review: 3.2 out of 5 stars  See all reviews (10 customer reviews)
  • Amazon Best Sellers Rank: #1,419,294 in Books (See Top 100 in Books)

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Average Customer Review
3.2 out of 5 stars (10 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

10 of 13 people found the following review helpful:
5.0 out of 5 stars terrific read...., October 18, 2002
By A Customer
This review is from: The Dinner Club (Hardcover)
I just finished reading THE DINNER CLUB by Shannon Henry and WOW! What a book....to be allowed into the inimate circle of such powerful men and hear their thoughts.....what made them tick. I was fascinated by the way they approached, not only business, but life. This book really humanizes these men and shows warts and all. The author has really nailed down the a time in history that is not likely to be repeating itself anytime soon. It's a great read for anyone.
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2 of 2 people found the following review helpful:
4.0 out of 5 stars A valuable look inside, August 5, 2004
By 
DJB (Philadelphia, PA) - See all my reviews
This review is from: The Dinner Club (Hardcover)
This is one of those books that will gain in value as time passes. The Dinner Club looks at the critical time frame when the opening wave of success in the new technologies broke and retrenched. The useful insight this book provides is the snapshot of the individual club members and their focus on the future. Northern Virginia and its cultivation of technology is portrayed as well. Worth reading.
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4 of 6 people found the following review helpful:
5.0 out of 5 stars This is a COOL book!, November 3, 2002
By A Customer
This review is from: The Dinner Club (Hardcover)
After reading a review of The Dinner Club in Wired, I picked up this book. I was very pleased and read it in one sitting on a recent plane trip. The characters are fascinating and overall the book reads as a good novel. The suspense and intrigue that held my interest throughout. I could definitely see this being a play or a movie.
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Inside This Book (learn more)
First Sentence:
JIM KIMSEY SWAGGERS INTO the private room at the Ritz-Carlton, opens his wallet, and pulls out a business card. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
tech elite, portfolio companies
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Capital Investors, Michael Saylor, Mark Warner, New York, Russ Ramsey, Steve Case, Time Warner, Raul Fernandez, Tysons Corner, Art Marks, John Sidgmore, Michael Jordan, Mario Morino, Alex Mandl, Jeong Kim, Northern Virginia, Bill Melton, Holidae Hayes, Jim Kimsey, New Enterprise Associates, Ted Leonsis, The Washington Post, Wall Street, Dimension Data, Jonathan Silver
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Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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