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Wasserstein & Co. and Highfields Capital Management LP bought the specialty-food retailer Harry & David, they also forced the company into bankruptcy and pushed pension obligations onto the PBGC, but not before giving themselves $80 million in dividends. (After Harry & David went bankrupt, the CEO of Wasserstein defended its acquisition to
... See moreBrendan Ballou • When Private-Equity Firms Bankrupt Their Own Companies
Carnegie technique: focus on an objective, then cut brutally through any conventions, competitors, or ordinary people who stood in your way.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
- Low interest rates and the intentional birth of the American consumer.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
How quickly life changes. One minute you’re making $300 a week as a college researcher. You’re sleeping in a basement and your only belongings are two black garbage bags, one full of clean clothes, the other dirty, and your biggest worry in the world is whether the pretty girl with the black curly hair whom you just met at the drum circle will call
... See moreNick Bilton • American Kingpin: Catching the Billion-Dollar Baron of the Dark Web
