From Publishers Weekly
In an expose of Wall Street dealings, Wall Street Journal reporter Carrington focuses on the merger of the securities firm Shearson Loeb Rhoades and American Express as he recounts how, in 1981, this transaction and the takeovers of three other of the largest security houses by outside corporations transformed the traditional brokerage and banking community. The ShearsonAmerican Express merger, arranged by maverick financier Sandy Lewis, was intended to combine the usually separate financial services of depositing and saving, spending and investing. The complex story of how Lewis brought about the takeover is dramatically portrayed as are the contrasts in character and careers of the principals involvedLewis himself, Sanford Weill, the highly successful, streetwise entrepreneur and CEO of Shearson, and James Robinson, a "polished corporate statesman," head of prestigious American Express. With the breaching of this separate identity, Carrington declares, Wall Street began a new era. December 12
Copyright 1985 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
Copyright 1985 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
From Library Journal
This is an account of the takeover of many Wall Street brokerage houses by larger companies interested in becoming financial services department stores, so to speak: offering a wide array of services such as securities, insurance, and banking. Carrington, the mergers and acquisitions specialist at the Wall Street Journal , has written a professional, detailed narrative focusing largely, though not exclusively, on Shearson Loeb's merger with American Express. He discusses the characters of the human actors but spends little time reflecting on the implications of the profound transformation of Wall Street that he describes. Recommended for larger public libraries and certain special business libraries. Stuart Gud o witz, George Washington Univ. Lib., Washington, D.C.
Copyright 1986 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
Copyright 1986 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
