Customer Reviews


8 Reviews
5 star:
 (4)
4 star:
 (3)
3 star:
 (1)
2 star:    (0)
1 star:    (0)
 
 
 
 
 
Average Customer Review
Share your thoughts with other customers
Create your own review
 
 

The most helpful favourable review
The most helpful critical review


10 of 11 people found the following review helpful
5.0 out of 5 stars Mike Milken tarnished himself, what a shame!
This is a first class book, outrageous incidents and low tech finance, and should particularly be read by those willing to concede that Milken was in fact extremely insightful. It walks you through the basics of how the business really works and the sort of power struggles that took place at the time. It highlights the destruction (both good and bad) of the cosy...
Published on 25 Mar 1999

versus
15 of 29 people found the following review helpful
3.0 out of 5 stars Good and important reading but indiscerned writer
Predators ball by Connie Bruck is a recommended reading for the already discerned person, who has some knowledge of the real Milken story.
Bruck makes it clear how much her contempt for Milken and "his" Drexel company is, and yet she does not fail to point out the great achievement he made viable : giving capital to companies that had been previously...
Published on 24 May 1999


Most Helpful First | Newest First

10 of 11 people found the following review helpful
5.0 out of 5 stars Mike Milken tarnished himself, what a shame!, 25 Mar 1999
By A Customer
This review is from: The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders (Paperback)
This is a first class book, outrageous incidents and low tech finance, and should particularly be read by those willing to concede that Milken was in fact extremely insightful. It walks you through the basics of how the business really works and the sort of power struggles that took place at the time. It highlights the destruction (both good and bad) of the cosy boardroom, and shows that Milken only had himself to blame. Power breeds excess, and corrupts, but that level of power is rarely achieved in the first instance without substance, and Milken had this. Whilst I hope that no-one feels sympathy for those he destroyed in his wake, it is good to read an account of just why he gained that power base. He re-financed huge swathes of America and unleashed far wider repurcussions in corporate life globally, generally at the expenses of those with previous vested interests in maintaining the status quo. This is no mean feat, and this book shows how white-toe investment banking firms treated (and often still do treat) their potential clients, allowing Milken the breadth of disenfranchised corporations to tap with his advice. It is a shame that the remainder of his reign was one of manipulating unfortunte S&L's, private investors and joe public, and creaming money in every direction!! This book is one of the less biassed and therefore useful accounts of that era. Shows all the excesses that money can bring.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


4.0 out of 5 stars The story of junk bonds in the 1980s, 22 Feb 2008
By 
Rolf Dobelli "getAbstract" (Switzerland) - See all my reviews
(TOP 500 REVIEWER)    (REAL NAME)   
This review is from: The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders (Paperback)
Today the phrase "securities fraud" evokes Enron, WorldCom and Tyco. Two decades ago, it evoked Drexel Burnham Lambert, the investment bank that ruled the junk-bond realm and helped fund some of the most audacious corporate takeovers of the 1980s. Enthroned at the center of Drexel Burnham was the king of junk, Michael Milken. Was he a financial genius who found ever more clever ways to make markets more efficient? Or was he a swindler running the world's biggest Ponzi scheme? New Yorker writer Connie Bruck sets out to answer those questions in this cautionary tale of Drexel's rise and fall. getAbstract recommends this fascinating, highly detailed financial history. However, the flaw in Bruck's narrative is the absence of a third act: She inexplicably ends the book before Milken's trial and sentencing. While its ending is weak, this provocative story makes one thing clear: Uneasy lies the head that wears a leveraged crown.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


5.0 out of 5 stars Enjoyable book about one of the greatest scandals in Wall Street, 28 Nov 2007
By 
J. P. Meijide (London, UK) - See all my reviews
(REAL NAME)   
This review is from: The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders (Paperback)
Absolute must read for people interested in business and financial markets
The research is very serious and the approach is very professional
Unfortunately, the research ends before Mr Milken was convicted. It would be nice to have a look of what happened with Drexel after Milken went down
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


3 of 5 people found the following review helpful
5.0 out of 5 stars Excellent book by Connie Bruck, 14 July 1998
By A Customer
This review is from: The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders (Paperback)
I was really amazed by the quality of this book. Without being a junk-bond professional one can easily understand Drexel Burnham Lambert's and Michael Milken's story from the beginning to the end. It also contains many interesting anecdotes and various comments from members of the firm. It is really the bible of the junk bond market as it allows anybody to perfectly figure out what happened in the 80's. It highlights the bright sides as well as the dark sides of the junk-bond King and allows each of us to have his own view on Michael Milken and DBL.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


1 of 2 people found the following review helpful
4.0 out of 5 stars Nice topic, weak author, 4 Nov 2006
By 
Davor Blazencic (Zagreb, Croatia) - See all my reviews
(REAL NAME)   
This review is from: The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders (Paperback)
The book gives good overview of Milken, leveraged finance and important players of the decade.

However, a bit too long for my taste, with too many unnecessary details, repeating in some parts as well. Ms Connie Bruck wanted to show all the angles, but went into excess.

The book is a recommended read for those who want to deepen they knowledge about Milken and takeovers of the 80's.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


4 of 7 people found the following review helpful
4.0 out of 5 stars Very good but a bit difficult to follow, 4 May 1999
By A Customer
This review is from: The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders (Paperback)
I liked this book but I found it difficult to follow the order of events at some points, especially when the author jumped back and forth between dates. Overall, highly recommendable.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


0 of 1 people found the following review helpful
5.0 out of 5 stars A detailed picture of the biggest money making operation, 3 Aug 1997
By A Customer
This review is from: The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders (Paperback)
A good book that gives a detailed explanation of the logics of the junk bond issues and corporate acquisition, giving e profile of the charachters personality, telling the whole history as well
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


15 of 29 people found the following review helpful
3.0 out of 5 stars Good and important reading but indiscerned writer, 24 May 1999
By A Customer
This review is from: The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders (Paperback)
Predators ball by Connie Bruck is a recommended reading for the already discerned person, who has some knowledge of the real Milken story.
Bruck makes it clear how much her contempt for Milken and "his" Drexel company is, and yet she does not fail to point out the great achievement he made viable : giving capital to companies that had been previously disclosed from any kind of lending ability.
Her contempt for Milken and his working style is so deep, that she blames him of faults that have never been the cause of accusations against him, neither publicly nor through the DA or State attorneys. This is in particular sad, since up to a certain point she discovers the good sides of the Drexel revolution, but for example the fact that Drexel admiettedly rendered callgirls to its top customers at the socalled predators balls in LA makes in her mind every punishment acceptable and worth the effort.
Although the afterword was written long after the indictment and abjudication of Milken, the author does not invoke the causes of Milkens sentence, which were merely political and not based on a real assumption of the commitment of a crime. It should have come to the mind of any author, that a sentence that starts with the words "You have been the cause of the greedy century" is not a acceptable reasoning in legal terms, rather a description of contempt spurred by the sudden revelation of an extraordi- narily high salary. So we have to blame the author not only there but also in other areas of poor journalism; a book, on a living person in particular, should be based on facts rather than gossip of clients trying to get their heads out of the scaffold and prosecutors trying to wrench out a candidature for president of the prosecution of a single man.
Mrs Brook has undoubtedly written the first book on Milken, however it should be the first to get out of print unless she rewrites the important conclusion on the persons described.
Dr. Rudolf C. King CEO, princeandprince.com Ltd Owner of HouseOfCommerce Indonesia HouseOfCommerce@ibm.net Munich Germany
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


Most Helpful First | Newest First

This product

Only search this product's reviews