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The Street [Hardcover]

Lee Gruenfeld (Author)
4.7 out of 5 stars  See all reviews (53 customer reviews)


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Book Description

March 20, 2001
A razor-sharp, blisteringly on-target thriller set in the world of dot-com start-up madness — a deft and entertaining mix of the confidence-game masterworks of Elmore Leonard, Carl Hiassen, and Donald Westlake, as well as classic tell-all business narratives such as Liar's Poker and Barbarians at the Gates.

James Vincent Hanley, a Wall Street stockbroker specializing in Internet start-ups and unhappily slaving away for a subsistence wage of only $300,000, makes the jump to the other side of the Street and into the biggest game in history. He’s done his dot-com homework and launches his own start-up, Artemis-5.com, with the key ingredients for success–technology so cutting-edge it’s barely decipherable, a world-class board of directors whose credentials command a lemming-like public following, and carefully orchestrated Street buzz of epic proportions.

Jubal Thurgren, assistant director of enforcement for the Security and Exchange Commission and a man of Columbo-like intelligence and personality, smells a rat. Even as the buzz increases, Thurgren’s instincts tell him that Artemis-5, which has yet to reveal any substantive products or services, may not be quite what Hanley has cracked it up to be. As public delirium over Artemis-5’s impending stock offering escalates, Hanley and Thurgren, each with a spy in the other’s camp, launch elaborate and progressively more dangerous cat-and-mouse games. Each of them is deeply committed to his own cause: Thurgren can’t let Hanley continue unchallenged, and Hanley can’t let Thurgren get in the way of his plans. The two of them spiral inexorably toward a final confrontation, a complex and explosive sting where deceit and betrayal do suspenseful battle with old-fashioned idealism and the search for truth.

Featuring the most likable and insidious cast of characters since The Sting, The Street is sure to satisfy thriller lovers, business-story aficionados, and all of us who are hopelessly confused by a new, Net-crazed economy that threatens to overwhelm not only our culture but also our common sense.

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Editorial Reviews

Amazon.com Review

Just in time for the dot-com meltdown, Lee Gruenfeld shows off his considerable knowledge of the New Economy in The Street, a novel that tries hard to turn the ups and downs of the IPO market into the stuff of thriller fiction--and almost succeeds. James Vincent Hanley is a wage slave on Wall Street who decides to turn his insider knowledge into a start-up. Armed with a brilliant business plan and little else, Hanley bamboozles enough big-business types who ought to know better into backing Artemis-5, which he bills as the next new thing. His high-powered board and the money-crazed denizens of Wall Street are convinced that a company with no products, no services, and no expectation of profits is the smartest idea since sliced bread.

At first, the unlikely new company is more successful than Hanley ever dreamed. The money's rolling in, and Hanley is well on his way to winning a huge pot in the stock market poker game. Then an SEC enforcer named Thurgren starts sniffing around Artemis-5, and the whole enterprise threatens to collapse. Like Hanley, Thurgren has a mole on the inside of his opponent's operation--and thereby hangs the tale.

The Street, while intermittently entertaining and a good introduction to New Economics 101, is plagued by improbable scenarios and a paucity of character development. Gruenfeld can't seem to decide whether he's writing satire or suspense. The entire charade will make sense only to those who believe that the stock market operates according to rational principles and that there is such a thing as a free lunch. --Jane Adams

From Publishers Weekly

Gruenfeld's latest thriller (after The Expert) reads like weak Grisham: good old boys slaving away, trying to nail millionaires who are ripping off the American public. Only now it's the Information Age, and the good guys are chewing nicotine gum instead of smoking cigarettes, and their enemies aren't old school financial corporations, but startups with no tangible products. Despite lengthy legal and financial descriptions, the story is relatively simple: James Hanley has started a company (Artemis-5.com) and attracts some of the nation's most influential investors to sign on to his endeavor. Anticipation builds, and although the investors don't really know what it is they've bought into, the company's launch is one of the most talked about in Internet history mainly because of the high-profile names and the secrecy surrounding it. SEC enforcement officer Jubal Thurgren smells a rat, though, and the bulk of the book plays out the high-stakes investigation Thurgren mounts in an attempt to nab Hanley, who seems to know the SEC's charges aren't unfounded yet insists on dodging rules. Gruenfeld offers some classic thriller sequences, with car chases and shootings, but most of the pages are taken up by windy conversations. His reportorial style is heavy on phrases like "prospective competitive reflex," although he gives understandable definitions of terms such as "IPO" for those who don't read the Industry Standard. This commentary on the crazed world of new technology lacks originality, but will interest those who read market charts the way others read sports scores. (Mar.)Forecast: What an odd collection of blurbs decorate the dust jacket of this book. There are raves from Nelson DeMille, Stephen Frey and Christopher Reich, but also from profs at Harvard Business School and a law school, and one from an investment banker. The financial crowd is Gruenfeld's obvious market, and they'll make the book a hit, but more generic thriller readers won't flock to this title.

Copyright 2001 Cahners Business Information, Inc.


Product Details

  • Hardcover: 416 pages
  • Publisher: Doubleday; 1st edition (March 20, 2001)
  • Language: English
  • ISBN-10: 0385501501
  • ISBN-13: 978-0385501507
  • Product Dimensions: 9.4 x 6.3 x 1.5 inches
  • Shipping Weight: 1.7 pounds
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (53 customer reviews)
  • Amazon Best Sellers Rank: #2,262,138 in Books (See Top 100 in Books)

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Customer Reviews

53 Reviews
5 star:
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4 star:
 (2)
3 star:
 (2)
2 star:
 (1)
1 star:
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Average Customer Review
4.7 out of 5 stars (53 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

1 of 1 people found the following review helpful:
5.0 out of 5 stars Superb piece of realistic fiction, May 14, 2001
By 
This review is from: The Street (Hardcover)
Inspired combination of excellent wordcraft and storytelling, fully-realized characters and topical relevance. Works on any of a number of levels. Don't miss it!
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1 of 1 people found the following review helpful:
2.0 out of 5 stars Storyline falters, May 9, 2001
By A Customer
This review is from: The Street (Hardcover)
In what almost seems a slight fictionalization of a handful of today's top dot-coms, "The Street" doesn't consistently feel like a novel. There is quite a bit of detail as to the financial aspects of launching an IPO, and the roller-coaster ride that entails, but much of the writing felt like sheer exposition of 'let me explain how much I know about the "new economy".' This shifting of focus from story to economics is forced, and causes this book to read like non-fiction (something I did not want from this book).

The base storyline is great -- a financial guru decides to start his own dot com, after seeing the wealth of the dot coms he launches the IPOs for. And that the company, Artemis-5.com, has no tangible product, is entertaining. While entertaining and whimsical, to believe that Hanley could snag top notch board members without revealing his business plan is utterly unbelievable. Of course, life is only so good for Hanley until the SEC starts poking around. The ending to the book is where the only real suspense exists. For a book billed as a Mystery/Thriller, there isn't much mystery or thrill to learning the ins and outs of Wall Street finance.

This story is based so clearly on existing dot-coms (in particular: Yahoo, AOL, Amazon) and their executives, that to stray from the possible to the improbable doesn't work. Gruenwald relies too much on financial fact and successful dot-coms, instead of suspensful creativity, to create "The Street."

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1 of 1 people found the following review helpful:
5.0 out of 5 stars HIGHEST Recommendation, April 26, 2001
By 
This review is from: The Street (Hardcover)
I loved every word of this book. Knock your socks off story, rich characters, and as about as relevant as you can possibly get. Will now go read more of this writer's books and hope their half as good.
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