Confessions of a Wall Street Analyst: A True Story of Inside Information and Cor

Description: Confessions of a Wall Street Analyst by Daniel Reingold, Jennifer Reingold Presents a story of a top Wall Street player who chronicles his own transformation from a straight arrow believer in the markets, to a jaded critic who reveals how the insiders game is really played. This work looks at the investing business that is extremely relevant in post-scandal world. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Here is the true story of a top Wall Street players transformation from a straight-arrow believer to a jaded cynic, who reveals how Wall Streets insider game is really played.Dan Reingold was a top Wall Street analyst for fourteen years and Salomon Smith Barney analyst Jack Grubmans chief competitor in the red-hot sector of telecom. Reingold was part of the "Street" and believed in it.But in this action-packed, highly personal memoir written with accomplished Fast Company senior writer Jennifer Reingold the author describes how his enthusiasm gave way to disgust as he learned how deeply corrupted Wall Street and much of corporate America had become during the roaring stock market bubble of the 1990s.Confessions of a Wall Street Analyst provides a front-row seat at one of the most dramatic -- and ultimately tragic -- periods in financial history. Reingold recounts his introduction to the world of Wall Street leaks and secret deal-making; his experiences with corporate fraud; and Wall Streets alarming penchant for lavish spending and multimillion-dollar pay packages.Reingold spars with arch rival Grubman; fends off intense pressures from Wall Street bankers and corporate CEOs; and is wooed by Morgan Stanleys CEO, John Mack, and CSFBs Über-banker Frank Quattrone.Reingold describes instances in which confidential deals are whispered days before their official announcement. He recalls the moment he learns that Bernie Ebberss WorldCom was massively cooking its books. And he is shocked to have been an unwitting catalyst for a series of sexually explicit e-mails that would rock Wall Street; bring Jack Grubman to his knees; and contribute to the stepping aside of Grubmans boss, Citigroup CEO Sandy Weill.Some of Reingolds stories are outrageous, others hilarious, and many are simply absurd. But, together, they provide a sobering exposé of Wall Street: a jungle of greed and ego, a place brimming with conflicts and inside information, and a business absurdly out of touch with the Main Street it claims to serve.He shows how government investigators, headlines notwithstanding, never got to the heart of the ethical and legal transgressions of the era. And how they completely overlooked Wall Streets pervasive use of inside information, leaving investors -- even sophisticated professionals -- cheated. The book ends with a series of important policy recommendations to clean up the investing business.In the tradition of Liars Poker and Den of Thieves, Confessions of a Wall Street Analyst is a no-holds-barred insiders account that will open the eyes of every investor. Author Biography Dan Reingold was a Managing Director and telecom analyst for fourteen years at Morgan Stanley, Merrill Lynch, and Credit Suisse First Boston. He was ranked number one or number two by Institutional Investor magazine for most of his career. Prior to that he was a financial executive at MCI. He has been profiled in Barrons; frequently quoted in the Wall Street Journal, the New York Times, and BusinessWeek; and interviewed on TV, including CNBC and Wall $treet Week with Louis Rukeyser. Reingold is currently Project Director for Telecom Finance at the Columbia Institute for Tele-Information at Columbias Graduate School of Business. Review "Its a terrific memoir. This honest and irreverent behind-the-scenes account of life on Wall Street is highly recommended." -- Library Journal Long Description Dan Reingold was one of the top analysts on Wall Street. Specializing in telecom companies like WorldCom and Qwest, Reingold believed in Wall Street, and was a part of it. But in this insiders memoir, Reingold describes how his enthusiasm gradually gave way to disgust when he saw how deeply corrupt Wall Street really was. Because big investors had the advantage of inside information, which companies shared with more accomodating analysts, Reingold saw how a straight arrow like himself was doomed to fail. Reingold is like an incredulous minister who mistakenly finds himself in a whore house. He struggles with temptation: for example, his employer, Credit Suisse First Boston, wants him to sign a contract that would give him huge incentives in return for essentially selling out his clients. He seethes with resentment at being continually trumped by his nemesis, Jack Grubman, who was viewed as a superstar and only later, fined and thrown out of the industry. Ultimately, Reingold comes to terms with the corrupted, insiders game that was his profession. In the tradition of Liars Poker, this is a lively, insiders account of how things really work on Wall Street that will teach even Eliot Spitzer a few things. To complete his tale, Reingold even sat through the 2005 trial of one of the most spectacular losers of the 1990s, fallen WorldCom CEO Bernie Ebbers, who Reingold knew in his heyday. Review Quote "Its a terrific memoir. This honest and irreverent behind-the-scenes account of life on Wall Street is highly recommended." -- Library Journal Description for Teachers/Educators Daniel Reingold was a top-ranked Wall Street telecom analyst from 1989 to 2003, first at Morgan Stanley and then at Merrill Lynch and at Credit Suisse First Boston. Specializing in telecom companies like WorldCom and Qwest, he believed in the markets. But in this insiders memoir, Reingold describes how his belief gradually gave way to jaded criticism when he saw how deeply corrupt Wall Street really is. Because big investors had the advantage of inside information, which companies shared with the more accommodating analysts, he saw how a straight arrow like himself was doomed to fail. He recounts how his employer, Credit Suisse First Boston, asked him to sign a contract that would give him huge incentives in return for essentially selling out his clients. The memoir culminates with Reingold sitting through the 2005 trial of fallen WorldCom CEO Bernie Ebbers, who he knew in his heyday. Reingold names names, remembers numbers, and criticizes Wall Street players for relying on inside information and dubious methods. Details ISBN0060747706 Author Jennifer Reingold Short Title CONFESSIONS OF A WALL STREET A Language English ISBN-10 0060747706 ISBN-13 9780060747701 Media Book Format Paperback Illustrations Yes Year 2007 Subtitle A True Story of Inside Information and Corruption in the Stock Market Place of Publication New York Country of Publication United States DEWEY 332.620973 DOI 10.1604/9780060747701 UK Release Date 2007-05-29 US Release Date 2007-05-29 Imprint Harper Business Pages 384 Publisher HarperCollins Publishers Inc Publication Date 2007-05-29 Audience General AU Release Date 2007-07-15 NZ Release Date 2007-09-11 Imprint US Harper Business Publisher US HarperCollins We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:128102476;

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