Bloodsport: When Ruthless Dealmakers, Shrewd Ideologues, and Brawling Lawyers Toppled the Corporate Establishment Contributor(s): Teitelman, Robert (Author) |
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ISBN: 1610394135 ISBN-13: 9781610394130 Publisher: PublicAffairs OUR PRICE: $38.95 Product Type: Hardcover - Other Formats Published: April 2016 |
Additional Information |
BISAC Categories: - Business & Economics | Corporate & Business History - General - Business & Economics | Mergers & Acquisitions - Biography & Autobiography | Business |
Dewey: 338.740 |
LCCN: 2016001717 |
Physical Information: 1.7" H x 6.1" W x 9.3" (1.40 lbs) 432 pages |
Descriptions, Reviews, Etc. |
Publisher Description: The epic battle of the fascinating, flawed figures behind America's deal culture and their fight over who controls and who benefits from the immense wealth of American corporations. Bloodsport is the story of how the mania for corporate deals and mergers all began. The riveting tale of how power lawyers Joe Flom and Marty Lipton, major Wall Street players Felix Rohatyn and Bruce Wasserstein, prominent jurists, and shrewd ideologues in academic garb provided the intellectual firepower, creativity, and energy that drove the corporate elite into a less cozy, Hobbesian world. With total dollar volume in the trillions, the zeal for the deal continues unabated to this day. Underpinning this explosion in mergers and acquisitions -- including hostile takeovers -- are four questions that radically disrupted corporate ownership in the 1970s, whose force remains undiminished: Are shareholders the sole owners of corporations and the legitimate source of power? Should control be exercised by autonomous CEOs or is their assumption of power illegitimate and inefficient? Is the primary purpose of the corporation to generate jobs and create prosperity for the masses and the nation? Or is it simply to maximize the wealth of shareholders? This battle of ideas became the bloodsport of American business. It set in motion the deal-making culture that led to the financialization of the economy and it is the backstory to ongoing debates over competitiveness, job losses, inequality, stratospheric executive pay, and who owns America's corporations. |