I admit it. If anyone would have offered me inside information, I would have been tempted to take it. After reading this book, not anymore.
About James B. Stewart
James B. Stewart is a columnist at The Times and the author of nine books, most recently “Deep State: Trump, the FBI and the Rule of Law.”
He won the 1988 Pulitzer Prize for explanatory journalism and is a professor of business journalism at Columbia University. Stewart is also a longtime contributor to The New Yorker. His best-selling books include ” Den of Thieves,” “Blood Sport,” and “DisneyWar.”
Since joining the Times in 2011, Stewart has won two Gerald Loeb Awards, one for opinion writing for his column, “Common Sense,” and the other for feature writing for “If Bobbie Talks,” an account of the downfall of CBS chief Les Moonves. Stewart is working on a book about CBS with his co-author, Times reporter Rachel Abrams
Den of Thieves
Den of Thieves recounts the insider trading scandals involving Ivan Boesky, Michael Milken, and other Wall Street financiers in the United States during the 1980s, such as Robert Freeman, Terren Peizer, Dennis Levine, Lowell Milken, John A. Mulheren, Martin Siegel, Timothy Tabor, Richard Wigton, Robert Wilkis, and others. There have been eight editions as of 2008.
Intertwining the stories of financiers, bankers, lawyers, and the law enforcement officials who pursued them, Den of Thieves tells a tale of arrogance and complacency amongst the Wall Street elite. As leveraged buyouts and takeovers proliferated in the heady 1980s, information on which companies were being targeted became ever more valuable.
The stock price of companies could rise enormously on rumors of a potential takeover. Those who were privy to that information before it became public could make huge sums of money.
Stewart shows how some of the biggest names in American financial history were involved in one of the greatest insider-trading schemes ever and how their exposure and punishment sent shock waves through corporate America.