The Accidental Investment Banker: Inside the Decade That Defined…

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Jonathan A. Knee had a front-row seat through the boom-bust decade and into the 21st century at Wall Street's two most prestigious investment banks: Goldman Sachs and Morgan Stanley. In this candid and irreverent insider's account of an industry in free fall, Knee captures an exciting era of fabulous deals in a roaring Internet economy–and the catastrophe that followed when the bubble burst.
In this book, packed with powerful figures, traitors, famous bankers, and billionaires, is a vivid account of the dramatic upheaval that took place in investment banking. Indeed, Knee entered an industry that was characterized by the motto “first-class business in a first-class way” and saw it transformed within a decade into a free-trade industry characterized by the acronym IBG, YBG (“I'll be gone, you'll be gone”). Increasingly, mercenary bankers signed weak deals, knowing they would be left in the rearview mirror. Once, investment bankers prospered largely on their success in serving the client, preserving the firm, and protecting the public interest. Now, in the era of the “financial supermarket,” bankers not only felt that each day could be their last, but that their worth was tied exclusively to how much revenue they generated for the firm that day, regardless of the source. Today, most young executives feel no loyalty to their firms, and among his clients, Knee finds an unprecedented but understandable level of cynicism and distrust toward investment banks.
Packed with insight into what investment bankers really do, and told with biting humor and unflinching honesty, The Accidental Investment Banker offers a fascinating behind-the-scenes look at Wall Street's most powerful firms.

Publisher: Oxford University Press; 1st edition (August 15, 2006)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 288 pages
ISBN-10 ‏ : ‎ 0195307925
ISBN-13 ‏ : ‎ 978-0195307924
Item Weight: 1.14 lbs
Dimensions: 9.48 x 0.93 x 6.28 inches