Can I read A colossal failure of common sense : the inside story of the collapse of Lehman Brothers on EtoBox?

A colossal failure of common sense : the inside story of the collapse of Lehman Brothers by Lawrence G. McDonald with Patrick Robinson is a nonfiction available to read on EtoBox.

What is A colossal failure of common sense : the inside story of the collapse of Lehman Brothers about?

The Inside, Untold Story of The Collapse of Lehman Brothers-As It's Never Been Told BeforeThe CEO and his court . . .Richard [Fuld] had even turned Lehman's board of directors into a kind of largely irrelevant lower chamber. This was yet another group to rubber-stamp his decisions and collect generous fees. It was not for supplying well-meant and lucid wisdom in the current wild marketplace but for agreeing with the monarch, accepting his all-knowing take on the bank's investments. Above all, the board was created not to rock the royal barge as it made its stately way downstream.What they didn't understand . . .Later that day, Mike confided to Larry and Alex, "Neither he [Lehman president Joe Gregory] nor our chairman [Richard Fuld] understands the dangers of securitization, the leverage in the system. They cannot understand. And they will never understand. When I beg either of them to listen to what I am saying, their eyes glaze over."The efforts to turn the ship around . . .[They] implored Dick [Fuld] and Joe [Gregory] to slam on the brakes, to cut that $ 500 billion debt drastically. They had proposed that instead of being thirty-four times leveraged, we cut back to twenty-five

Who reads A colossal failure of common sense : the inside story of the collapse of Lehman Brothers?

Author

Lawrence G. McDonald with Patrick Robinson

Publisher

Crown Publishing Group;Crown Business

Published

2009

Language

EN

ISBN

9780307588357

Category

nonfiction

Subjects

Economics, Memoir, Business

Rating

3.83 / 5 (1,874 ratings)

Updated

2026-03-14