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The White Sharks of Wall Street: Thomas Mellon Evans and the Original Corporate Raiders
Synopses & Reviews
It almost seems that Thomas Mellon Evans was a man so far ahead of his contemporaries that he had moved into the shadows before the full force of his business style had dawned on the rest of corporate America. At every step in his career, he was barging in where few would follow — at first. But follow they did, at last."
-- from the Prologue
In The White Sharks of Wall Street, New York Times investigative reporter Diana Henriques provides the first biography of this pivotal figure in American business history. She also portrays the other pioneering corporate raiders of the postwar period, such as Robert Young and Louis Wolfson, and shows how these men learned from one another and advanced one another's takeover tactics. She relates in dramatic detail a number of important early takeover fights — Wolfson's challenge to Montgomery Ward, Young's move on the New York Central Railroad, the fight for Follansbee Steel — and shows how they foreshadowed the desperate battle waged by Tom Evans's son, Ned Evans, to keep the British raider Robert Maxwell away from his Macmillan publishing empire during the 1980s. Henriques also reaches beyond the business arena to tally the tragic personal cost of Evans's pursuit of success and to show how the family dynasty shattered when his sons were driven by his own stubbornness and pride to become his rivals. In the end, the battling patriarch faced his youngest son in a poignant battle for control at the Crane Company, the once-famous Chicago plumbing and valve company that Tom Evans had himself seized in a brilliant takeover coup twenty-five years earlier.
The White Sharks of Wall Street is a fascinating portrait of an extraordinary man, whose career blazed across the sky and then sank into obscurity — but not before he had provided the template for how American business would operate for the next four decades.
The first in-depth portrait of the life and times of the trail-blazing financier Thomas Mellon-Evans--the man who pursued wealth and power in the 1950s with a brash ruthlessness that forever changed the face of corporate America. 8 pages of photos.
About the Author
Diana B. Henriques, a New York Times reporter, is one of the most respected financial journalists in the business and is the author of Fidelity's World and The Machinery of Greed. She lives in Hoboken, New Jersey.
Table of Contents
Prologue: The Second Time Around
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