The Devil'S Casino: Friendship, Betrayal, And The High Stakes Games Played Inside Lehman Brothers

Vicky Ward

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In Circulation

Vicky Ward shows readers inside the rarefied air of Wall Street where even top CEOs are often left gasping for air amid the high stakes world of finance survival. From wedding parties to conferences where the players who you thought were there, weren't - Ward uncovers what happened that fateful weekend and in the years leading up to the credit crisis. She unmasks the real players and uncovers their motivations to show a world where the so-called bad guys may not be so bad after all and the white knights may not be as pristine as we thought.

What will you learn from this book

  1. Corporate Culture and Hubris: Exploration of the corporate culture within Lehman Brothers, including the high-risk culture, excessive leverage, and the arrogance that contributed to the firm's downfall.

  2. Leadership and Decision-Making: Insights into the leadership style of key figures within Lehman Brothers, their decision-making processes, and the management's role in the events leading up to the financial crisis.

  3. Financial Engineering and Risk Management: Understanding the complex financial instruments, risk management strategies, and the flaws in risk assessment that played a part in the firm's collapse.

  4. Market Dynamics and Economic Impact: Examination of the market dynamics, regulatory environment, and broader economic factors that led to the financial crisis and Lehman Brothers' bankruptcy.

  5. Betrayal and Ethical Dilemmas: Discussions on betrayals, conflicts of interest, and ethical dilemmas faced by individuals within the organization during the crisis.

  6. Regulatory Failures: Analysis of regulatory oversight, failures, and the impact of inadequate regulation on the banking sector, specifically in relation to Lehman Brothers.

  7. Global Financial Crisis: Insights into how Lehman Brothers' collapse affected the global financial markets, triggering a significant crisis that reverberated across the world.

  8. Lessons Learned: Reflections on the lessons learned from Lehman Brothers' collapse and its aftermath, and the reforms initiated in response to the financial crisis.

  9. Personal Stories and Human Impact: Narratives about individuals within Lehman Brothers, their personal stories, the human impact of the firm's downfall, and how it affected employees and stakeholders.

  10. Accountability and Future of Finance: Discussions on accountability, the role of financial institutions, and potential reforms needed in the financial sector to prevent similar crises in the future.

Language English
ISBN-13 9780470540862
No of pages 296
Font Size Medium
Book Publisher Wiley India Pvt Ltd
Published Date 28 Jun 2010

About Author

Author : Vicky Ward

1 Books

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