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The White Sharks of Wall Street: Thomas Mellon Evans and the Original Corporate Raiders

The White Sharks of Wall Street: Thomas Mellon Evans and the Original Corporate Raiders Cover

 

Synopses & Reviews

Publisher Comments:

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


The first in-depth portrait of the life and times of the trailblazing 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.


Long before Michael Milken was using junk bonds to finance corporate takeovers, Thomas Mellon Evans used debt, cash, and the tax code to obtain control of more than eighty American companies. Long before investors began to lobby for "shareholder's rights," Evans was demanding that public companies be run only for their shareholders — not for their employees, their executives, or their surrounding communities. To some, Evans's merciless style presaged much that is wrong with corporate life today. To others, he intuitively knew what was needed to keep America competitive in the wake of a global war.

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.

Synopsis:

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

Contents

Prologue: The Second Time Around
1. Stranger in Paradise
2. A Pocketful of Dreams
3. A Million-Dollar Baby
4. The New Men
5. St. Louis Blues
6. Young at Heart
7. Somebody Else Is Taking My Place
8. Grapes of Wrath
9. There'll Be Some Changes Made
10. The One-Man Show
11. You Can't Go Home Again
12. I'll Be Around
13. Fathers and Sons
Epilogue: King Shareholder
Notes
A Partial Family Tree
Index

Product Details

ISBN:
9780684833996
Subtitle:
(Thomas Mellon Evans and the original corporate raiders )
Author:
Henriques, Diana B.
Publisher:
Scribner Book Company
Location:
New York :
Subject:
General
Subject:
History
Subject:
Investments & Securities - Stocks
Subject:
Corporate History
Subject:
Consolidation and merger of corporations
Subject:
Capitalists and financiers
Subject:
Wall street
Subject:
Businessmen
Subject:
Corporate & Business History
Subject:
Corporate & Business History - General
Subject:
General Biography
Edition Description:
Hardcover
Series:
Lisa Drew Books Hardcover
Series Volume:
433
Publication Date:
c2000
Binding:
HC
Language:
English
Illustrations:
Y
Pages:
368 p., 8 p. of plates
Dimensions:
9.55x6.47x1.08 in. 1.36 lbs.

Related Subjects

Business » Business Profiles
Business » History and Biographies

The White Sharks of Wall Street: Thomas Mellon Evans and the Original Corporate Raiders
0 stars - 0 reviews
$ In Stock
Product details 368 p., 8 p. of plates pages Scribner Book Company - English 9780684833996 Reviews:
"Synopsis" by , 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.
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