What Goes Up : The Uncensored History of Modern Wall Street as Told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen

by Weiner, Eric J.

• ISBN13: 9780316929660
• ISBN10: 0316929662
• Format: Hardcover
• Copyright: 2005-09-21
• Publisher: Little Brown & Co

Summary

Fifty years ago, Wall Street was a hodgepodge of companieshundreds of themoperating in an environment where high-tech meant an electric typewriter and the Wasps and Jews never mixed. Today, Wall Street is controlled by a few massive firms and, it often seems, few ethical constraints. The tale of Wall Streets rise and transformation is one of the most exciting and important of our time. But amazingly, never before have the players who saw everythinglarge and small, from tycoons in limousines to the barber in the basement of the stock exchangedirectly told their stories. Here, at long last, are the Masters of the Universe and the con men; the backroom geniuses and the power-tie billionairesall in first person, uncensored, brash, bold, and often not so fond of one another. The result is the most vibrant business history published in years, perfect for anyone who wishes they had been a fly on the boardroom wall. Weiner interviewed everyone whos anyone for this oral history, including David Rockefeller, Arthur Levitt, Charles Schwab, Don Regan, Peter Lynch, Pete Peterson, Henry Kravis, George Roberts, Jerome Kohlberg, Steve Schwarzman, Dick Jenrette, Dan Lufkin, John Kenneth Galbraith, Stan ONeal, Harvey Pitt, T. Boone Pickens, John Whitehead, John Weinberg, Robert Baldwin, Dave Komansky, Jerry Tsai, John Gutfreundto name a few.

Table of Contents

Prologue	3	(8)
PART ONE
Good Time Charlie	11	(15)
White Shoes	26	(11)
``Our Crowd''	37	(16)
Intrinsic Value	53	(18)
Blackballed	71	(16)
Go-Go Boys	87	(21)
Power to the People	108	(18)
Corned Beef with Lettuce	126	(14)
The Paper Crunch	140	(9)
Kismet Funds	149	(11)
Mayday	160	(10)
Magellan Finds Its Navigator	170	(5)
The Thundering Herd	175	(12)
PART TWO
High-Tech Market	187	(12)
Have Your Cake and Eat It, Too	199	(13)
A License to Print Money	212	(21)
Trading Up	233	(13)
Culture Clash	246	(18)
Dawn of a Bull Market	264	(14)
Black Monday	278	(22)
Killing the Golden Goose	300	(19)
Greed Is Bad	319	(20)
PART THREE
The Technology Age	339	(7)
Digital Babylon	346	(12)
A Riskless Transaction	358	(24)
The Empire	382	(10)
Market Messengers	392	(14)
Bubble Bath	406	(18)
More Than Just Business	424	(15)
Must Come Down	439	(24)
Epilogue	463	(4)
Cast of Characters	467	(16)
Acknowledgments	483	(2)
Notes	485	(6)
Bibliography	491	(6)
Index	497