† Conditions apply. The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s. The Predators' Ball the inside story of Drexel Burnham and the rise of the junk bond raiders by Connie Bruck. Every night in the Saloon, after darkness falls, a group of boys are transformed into creatures we see only in dreams. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. He attended the Wharton School for an MBA and began to work at the investment banking firm of Drexel Firestone in Philadelphia. The Predators' Ball: Hucksters of the Soul. He invented such things as “the highly confident letter” (I’m highly confident that I can raise the money you need to buy company X) and “the blind pool” (Here’s a billion dollars: let us help you buy a company), and he financed the biggest corporate raiders—men like Carl Icahn and Ronald Perelman. A leveraged buyback is a corporate finance transaction that enables a company to repurchase some of its shares using debt. The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the JunkBond. In 1988, Wall Street Journal journalist Connie Bruck wrote the book "The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders" that describes the rise of Milken, Drexel, and the leveraged buyout boom they helped to fuel in the 1980s. Access a free summary of The Predators' Ball, by Connie Bruck and 20,000 other business, leadership and nonfiction books on getAbstract. You may unsubscribe at any time. 0 Ratings 17 Want to read; 1 Currently reading; 0 Have read; This edition was published in 1989 by Penguin Books in New York, N.Y., U.S.A. The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s. Often credited with developing the junk bond market, Michael Milken also engaged in practices that led to his arrest. Free shipping for many products! Find many great new & used options and get the best deals for The Predators Ball: The Inside Story of Drexel Bu at the best online prices at eBay! Top reviews from other countries Marie Claire Blais. Publication date 1988 Topics Milken, Michael, Drexel Burnham Lambert Incorporated, Consolidation and merger of corporations, Junk bonds, Stockbrokers Publisher New York : American Lawyer : Simon and Schuster Collection inlibrary; printdisabled; internetarchivebooks; americana Digitizing sponsor … Standing alongside other blockbuster tales of business malfeasance such as Liar’s Poker and Too Big to Fail, The Predators’ Ball is a shocking, bemusing, and enlightening portrait of an era when it seemed anything was possible on Wall Street—as long as Michael Milken was in your Rolodex. The Predators' Ball was an annual convention held by investment bank Drexel Burnham Lambert Inc. for the purpose of matching high-risk companies searching for financing with investors who wanted the high rewards that can come with higher risk. The ball also attracted institutional investors in high-yield bonds and management teams from companies that either had been or would be the targets of leveraged buyouts. She is the author of three books: Master of the Game, The Predators’ Ball, and When Hollywood Had a King. The Predators' Ball by Connie Bruck is the fascinating story of Michael Milken who became known as the Junk bond King and eventually was brought down by charges under the RICO act. Mai at the Predators’ Ball Marie-Claire Blais Translated by Nigel Spencer. “The Predators’ Ball is dirty dancing downtown.” —New York Newsday From bestselling author Connie Bruck, The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that dominated Wall Street in the 1980s. The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders, by Wall Street Journal writer Connie Bruck, largely recounts the rise of Michael Milken, his firm Drexel Burnham Lambert, and the leveraged buyout boom they helped to fuel in the 1980s. 2018-10-04. After the first convention in 1979, these conventions became increasingly focused on setting up leveraged buyouts and hostile takeovers using junk bonds. Offer valid for new subscribers only.† Conditions apply. Milken is purported to have offered to pay aw… During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. Since then, predators' ball has been used to refer to meetings between high-net-worth investors who make their money through shorting, buyouts, and other aggressive tactics. Since then, predators' ball has been used to refer to meetings between high-net-worth investors who make their money through shorting, buyouts, and other aggressive tactics. The Predators' Ball was an annual convention held by investment bank Drexel Burnham Lambert Inc. for the purpose of matching high-risk companies searching for … An insightful portrait of junk-bond powerhouse Drexel Burnham Lambert and infamous financier Michael Milken, “one of the most brilliant minds ever to have been dedicated to Wall Street's money games.” ( The New York Times ). They open their arms to those who are excluded - both men and women, triumphant and threatened, both free and bound - and every evening is a carnival of freedom and transgression During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. Connie Bruck is an American journalist and a reporter on subjects covering business and politics. The inside story and historical impact of the messianic rise of Michael Milken and his army of junk bond raiders on Wall Street in the 1980s. Navigate; Linked Data; Dashboard; Tools / Extras; Stats; Share . “Connie Bruck traces the rise of this empire with vivid metaphors and with a smooth command of high finance’s terminology.” —The New York Times “The Predators’ Ball is dirty dancing downtown.” —New York Newsday From bestselling author Connie Bruck, The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that dominated Wall Street in the … A collateralized debt obligation (CDO) is a complex financial product backed by a pool of loans and other assets and sold to institutional investors. Mai at the Predators' Ball book. She refused his offer. The Predators' Ball : the inside story of Drexel Burnham and the rise of the junk bond raiders by Bruck, Connie. Valid on 1st Pay Later transaction. Mail The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders Paperback – June 1, 1989 by Connie Bruck (Author) 4.6 out … The offers that appear in this table are from partnerships from which Investopedia receives compensation. The Predators' Ball: | | The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Jun... World Heritage Encyclopedia, the aggregation of the largest online encyclopedias available, and the most definitive collection ever assembled. Read more. Find many great new & used options and get the best deals for The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the at the best online prices at eBay! A takeover occurs when an acquiring company makes a successful bid to assume control of a target company. The term "predators' ball" became the title of a book about the rise of junk bond trading and the fall of Drexel and Michael Milken. Services . The Predators' Ball book. Collateralized Debt Obligation (CDO) Definition. Milken is a philanthropist and former felon who, as an executive at Drexel during the 1980s, used high-yield junk bonds for corporate financing and mergers and acquisitions. Free shipping for many products! After the first convention in 1979, these conventions became increasingly focused on setting up leveraged buyouts and hostile takeovers using junk bonds. Mai at the Predators' Ball Marie-Claire Blais • Nigel Spencer Winner of the Governor General's Literary Award: Translation. 4.1 • 32 Ratings; $13.99; $13.99; Publisher Description. A year later, Milken was indicted by a federal grand jury and eventually spent nearly two years in prison after pleading guilty to charges of securities fraud. Ivan Boesky, stock trader, takeover arbitrageur and market manipulator, has come to symbolize the excesses of the 1980s junk bond fueled merger mania. Reveals the stories behind the risk arbitrageurs and corporate takeover bond impresarios Michael Milken, Carl Icahn, Ronald Perelman, and Nelson Peltz. Title: The Predators' Ball Author: Connie Bruck Genre: Biography & Autobiography Publisher: Penguin Group USA Release Date: 1989 Pages: 399 . Milken was not happy about the book and Time magazine reported that he offered to pay Bruck for all potential sales of the book in return for her ceasing from writing the book. Literary legend and four-time winner of the Governor General's Literary Award Marie-Claire Blais delivers the latest installment in her ongoing portrait of life in contemporary North America. Leggi «The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the JunkBond» di Connie Bruck disponibile su Rakuten Kobo. Connie Bruck. Her stories have also appeared in The Washington Post, The New York Times, and The Atlantic Monthly. Helpful. Mai at the Predators' Ball overwhelms you at first but the fast paced sentences capture your imagination, challenge your mind and make you marvel at how Blais is able to connect stories so seamlessly. From bestselling author Connie Bruck, The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that dominated Wall Street in the 1980s. The same year the book was published, the Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud in 1988. The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s. Please see your welcome email for exclusions and details. Sign up to get exclusive offers, the best in books & more.Plus, enjoy 10% off your next online purchase over $50.†. The Drexel conference, held at the Beverly Hilton Hotel in Los Angeles, became known as the Predators' Ball because it featured as speakers some of the nation's most prominent corporate raiders and financiers who were also Drexel clients. Sign up to get exclusive offers, the best in books & more. Participants at the Predator's Ball included private equity investors and corporate raiders such as Ron Perelman and Carl Icahn. Link/Page Citation With the former head (axed) of Drexel, Burnham, Lambert in attendance, along with an array of arbitrageurs not generally seen at performance art affairs, Karole Armitage was playing to the converted at the premiere of her amazingly lackluster farrago, The Predators' Ball (subtitled Hucksters of the Soul). They adorn themselves in colourful dresses and wigs and they take to the stage to sing and dance. Thank you. Social. Save Extra with 3 offers Cashback (3): Get 25% back up to ₹150 with Amazon Pay Later. You may unsubscribe at any time. In Mai at the Predators' Ball, Marie-Claire Blais, literary legend and four-time winner of the Governor General's Literary Award for Fiction, offers a mesmerizing and unforgettable portrait of imaginary beings who seem to embrace the whole of humanity. Pac-Man is a hostile takeover defense tactic in which a target firm tries to acquire control over the company that bid for it. Milken and his wife both grew up in Southern California. Would you recommend this product to a friend? Because the book was published at the height of the leveraged buyout boom, Bruck later updated it to address the impending collapse of Drexel and Milken's conviction on various securities and reporting violations. Condition: New If you encounter difficulties checking-out when using a credit card, please click anywhere on this line. Boston University Libraries. Plus, enjoy 10% off your next online purchase over $50. The Predator’s Ball is the fascinating story of how a singularly brilliant and intensely private investment banker essentially masterminded the creation of the junk bond market, generating billions of dollars in profits for his clients and himself before ultimately being brought down by charges of insider trading, stock manipulation, and fraud under the RICO Act. About The Predators’ Ball. 5.0 out of 5 stars Five Stars. See all reviews. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. Every night in the Saloon, after darkness falls, a group of boys are transformed into creatures we see only in dreams. Her pieces have won multiple awards for reporting and journalism. Your review has been submitted and will appear here shortly. Shortlisted for the Cole Foundation Prize for Translation. Offer valid for new subscribers only. The Predators' Ball: The Inside Story Of Drexel Burnham And The Rise Of The Junkbond Raiders. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. The Predators’ Ball. Read 6 reviews from the world's largest community for readers. The Predators' Ball the inside story of Drexel Burnham and the rise of the junk bond raiders This edition was published in 1989 by Penguin Books in New York, N.Y., U.S.A. Connie Bruck has been a staff writer at The New Yorker since 1989 where she writes about business and politics. Comment Report abuse. From bestselling author Connie Bruck, The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that dominated Wall Street in the 1980s. Read 72 reviews from the world's largest community for readers. Please see your welcome email for exclusions and details. Save an extra 10% on almost everything and enjoy free shipping every day. Reviewed in the United States on November … The Predators' Ball : the junk-bond raiders and the man who staked them by Bruck, Connie.