A Colossal Failure of Common Sense
The Inside Story of the Collapse of Lehman Brothers
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|Format:||Paperback / softback, 351 pages|
|Published In: ||United States, 01 October 2010|
McDonald, a former vice president at Lehman Brothers, offers an intimate look inside the mad house that Lehman became, and shows beyond a doubt that Lehman's top executives were totally out to lunch, allowing Lehman's risk profile to reach gargantuan proportions.
."..gives the readers a visceral sense of what it was like to work at Lehman Brothers and the fateful decisions and events that led to the company's death spiral..."
--Michiko Kakutani, "The New York Times"
"Highly readable..."A Colossal Failure of Common Sense" largely rings true. It expresses the anger that many former Lehman employees still feel toward Mr. Fuld. And it convincingly characterizes the investment bank as a house divided against itself, between the bears who had foreseen bubbles and the bulls who wrongly believed that this time was different."
.".. describes a CEO -acting as if his firm was too big to fail."
" --Wall Street Journal "
."..poignantly told...from an insider [who] witnessed, often in amazement and disgust, the corporate dysfunction and hubristic leadership that led to [Lehman's] demise."
."..engaging and even funny."
"From the Hardcover edition."
|Publisher: ||Crown Business|
|Dimensions: ||20.17 x 13.46 x 2.08 centimeters (0.28 kg)|