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The Vulture Investors : Introduction to Microeconomics - Hilary Rosenberg

The Vulture Investors

Introduction to Microeconomics

Hardcover Published: 7th February 2000
ISBN: 9780471361893
Number Of Pages: 416

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"What kinds of investors actually choose to make their living by seeking out troubled companies and becoming mired in the complexities and contentiousness of a bankruptcy or out-of-court workout?" - Hilary Rosenberg (from The Vulture Investors)<br> <br> Welcome to the big-time, big-stress-and big-profit-world of vulture investing. From the eleventh-hour save of Donald Trump's casinos, to the tempestuous history of Wheeling-Pittsburgh Steel, to the rocky restructuring of the massive Revco discount drugstore chain, Hilary Rosenberg takes us on a fast-moving journey through some of the major bankruptcies of the 1980s and 1990s-and brings to life the infamous, talented arbiters at the heart of their recovery. Meet the so-called "vulture investors" who cast their sights on distressed concerns, buy out debt, and skillfully forge their way to rich returns. Quietly upstaging the flashier corporate tycoons and raiders of the previous decade, men like Leon Black, Ronald LaBow, Sam Zell, Talton Embry, and Martin Whitman have helped to make a more efficient market in this obscure sector of investment, and their success may even inspire the quickly evolving business cultures of Asia and Latin America.<br> <br> The vulture investors made their way to the forefront of American business during the troubled period when declaring bankruptcy became commonplace among debt-heavy companies. Buying out debt and seeing through the rehabilitation of companies as well-known as Sunbeam and Bloomingdale's, these unique players have changed the face of the distressed securities market. In her own animated, absorbing, and original style, Hilary Rosenberg creates thoroughly researched reenactments of the vultures' greatest exploits to offer an intriguing examination of their methods and their madness-and reveals the important role of these controversial characters in aiding worldwide economic recovery.<br> <br> Praise for The Vulture Investors<br> <br> "A lively account of the hardy band of investors who look for-and find-gold in capitalism's junk pile. Rosenberg not only tells their stories with captivating relish but weighs the overall economic impact of their exploits. This book is a valuable introduction to 1990s-style deal-making." - Chris Welles, Senior Editor, Business Week<br> <br> "In a tour de force of punchy business writing, Rosenberg dissects a little-known but increasingly common high-stakes financial game: preying on companies in distress. . . . The author relates these intricate, suspenseful narratives in a clear, lively style that always instructs and often amuses." - Publishers Weekly<br> <br> "Reads like a good suspense novel." - Library Journal

An examination of the dramatic world of investment in distressed companies and its risk-taking participants. The book leads the reader through some of the major bankruptcies of the late 1980s and early 1990s and examines the important role that vulture investors play in aiding worldwide economic recovery. It includes up-to-date information on distressed stocks in Asia and other foreign markets, where vulture investors are finding new opportunities. (Kirkus UK)

Love among the Ruins.

A Field Guide to Vultures.

Power Play.

The Committeeman's Coup.

The Three-Headed Monster at Wheeling-Pittsburgh Steel.

Fixing Revco.

The Raid on Allegheny International.

Closing In.

Convenience in Bankruptcy Shopping.

Surviving at the Bottom.

The Grave Dancers.

A Flash and a Star.

Conclusion.

Notes.

Index.

ISBN: 9780471361893
ISBN-10: 0471361895
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 416
Published: 7th February 2000
Country of Publication: US
Dimensions (cm): 23.25 x 15.9  x 3.34
Weight (kg): 0.61
Edition Number: 1

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