At the heart of this book is a fascinating story of a fascinating bank staffed with fascinating characters. I can't help feeling though that better editing would have made this much more readable. For example:
- As a Brit, I object to definitions of the Inland Revenue as "the UK version of the IRS", as though everyone reading the book would know what the IRS is but be ignorant to what the Inland Revenue was, and saying the Department of Trade and Industry is "the UK equivalent of the SEC" is just plain wrong.
- I found the constant lengthy gratuitous asides really annoying. For example, in the middle of a description of a power struggle between the head honchos, which is really interesting, we spend 2 full pages talking about cigars, and their importance to the history of Lazard. I DON'T CARE.
- I really don't understand why the ITT tax case and investigation was drawn out for so long. It is really technical and it bored me, and as an accountant I am used to long boring technical stuff.
All that said, once you get over the ITT case, the pace picks up and the story takes over. Worth a read.