From Publishers Weekly
Beginning with a handy list of players and ending with copious notes and references, this well-documented look at the rise and fall of New York Stock Exchange chairman Richard Grasso, who served from 1995-2003, gives readers an astonishing look inside the boardroom of the New York Stock Exchange. Many will be surprised to learn exactly how the exchange operated before it recently automated trading, functioning as one of "the country's most insular institutions," despite a growing need for efficiency and the mounting concern of lawmakers weary that "so much power and wealth were concentrated in relatively few hands." Indeed, the sums involved are enormous, making this an absorbing (if immediately recognizable) story of greed, corruption and power struggles writ very large. Gasparino reconstructs the events of Grasso's tenure with an evenhanded point of view, including plenty of historic context and satisfying detail; the well-researched narrative flows smoothly between Grasso's career arc and the subsequent, transformative changes in the NYSE. Anyone invested in the exchange, or simply curious to see how those financial world executives earn their enormous pay packages, should find this book riveting.
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“[T]his well-documented look at the rise and fall of New York Stock Exchange chairman Richard Grasso...gives readers an astonishing look inside the boardroom.... Gasparino reconstructs the events of Grasso’s tenure with an evenhanded point of view, including plenty of ...satisfying detail... [R]iveting.” (Publishers Weekly)
“Gasparino has done his homework. He has talked to the people who matter, and King of the Club is rich with their recollection of their roles in Grasso’s rise and fall.” (Conference Board Review)
“CNBC correspondent Gasparino masterfully combines Richard Grasso’s rags-to-riches narrative with the grand history of the New York Stock Exchange.” (Library Journal)