Bloodsport: When Ruthless Dealmakers, Shrewd Ideologues, and Brawling Lawyers Toppled the Corporate Establishment
The epic battle of the fascinating, flawed figures behind America's deal culture and their fight over who controls and who benefits from the immense wealth of American corporations.
Bloodsport is the story of how the mania for corporate deals and mergers all began. The riveting tale of how power lawyers Joe Flom and Marty Lipton, major Wall Street players Felix Rohatyn and Bruce Wasserstein, prominent jurists, and shrewd ideologues in academic garb provided the intellectual firepower, creativity, and energy that drove the corporate elite into a less cozy, Hobbesian world.
With total dollar volume in the trillions, the zeal for the deal continues unabated to this day. Underpinning this explosion in mergers and acquisitions—including hostile takeovers—are four questions that radically disrupted corporate ownership in the 1970s, whose force remains undiminished:
Are shareholders the sole “owners” of corporations and the legitimate source of power?
Should control be exercised by autonomous CEOs or is their assumption of power illegitimate and inefficient?
Is the primary purpose of the corporation to generate jobs and create prosperity for the masses and the nation?
Or is it simply to maximize the wealth of shareholders?
This battle of ideas became the “bloodsport” of American business. It set in motion the deal-making culture that led to the financialization of the economy and it is the backstory to ongoing debates over competitiveness, job losses, inequality, stratospheric executive pay, and who “owns” America's corporations.
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Bloodsport: When Ruthless Dealmakers, Shrewd Ideologues, and Brawling Lawyers Toppled the Corporate EstablishmentUser Review - Publishers Weekly
Warren Zevon’s call to “send lawyers, guns, and money” could be Teitelman’s anthem for the mergers and acquisitions heyday of the mid-1970s and ’80s. Corporate raiders, armed with junk bonds ... Read full review
BLOODSPORT: When Ruthless Dealmakers, Shrewd Ideologues, and Brawling Lawyers Toppled the Corporate EstablishmentUser Review - Kirkus
A journalist who has covered multibillion-dollar corporate mergers and acquisitions, many of them hostile, recounts how the dealmaking exploded onto the Wall Street scene during the 1970s and '80s ... Read full review
A REVOLUTIONARY EXPERIMENT
ADOLF BERLE AND THE DEBATE OVER TAKEOVERS
JOE FLOM BE VERY AFRAID
THE AMBIVALENCE OFFELIX ROHATYN
MARTY LIPTON AND THE DARK ARTS OF DEFENSE
CHICAGOS UNFAITHFUL SERVANTS
THE DEBATE OVER DEFENSE
THAT ELUSIVE BALANCE
THE FLAW IN THEPERFECT MACHINE
THE OMNIPRESENT SPECTER OF THE PYGMY STATE
THE PURSUIT OF SELFINTEREST
CALL OF DUTIES
TIME AFTER TIME AFTER TIME
ILL FARES THE LAND
THE END OF HISTORY IN THE BEST OF ALL POSSIBLE WORLDS
THE DEATH AND LIFE OF MA