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Binding: PaperbackDewey Decimal Number: 332.620973 EAN: 9780060747701 ISBN: 0060747706 Label: Collins Business Manufacturer: Collins Business Number Of Items: 1 Number Of Pages: 384 Publication Date: June 01, 2007 Publisher: Collins Business Release Date: May 29, 2007 Studio: Collins Business Related Items:
Browse for similar items by category: Click to Display Editorial Review: Product Description: Here is the true story of a top Wall Street player's transformation from a straight-arrow believer to a jaded cynic, who reveals how Wall Street's insider game is really played. Dan Reingold was a top Wall Street analyst for fourteen years and Salomon Smith Barney analyst Jack Grubman's chief competitor in the red-hot sector of telecom. Reingold was part of the "Street" and believed in it. But in this action-packed, highly personal memoir written with accomplished Fast Company senior writer Jennifer Reingold the author describes how his enthusiasm gave way to disgust as he learned how deeply corrupted Wall Street and much of corporate America had become during the roaring stock market bubble of the 1990s. Confessions of a Wall Street Analyst provides a front-row seat at one of the most dramatic -- and ultimately tragic -- periods in financial history. Reingold recounts his introduction to the world of Wall Street leaks and secret deal-making; his experiences with corporate fraud; and Wall Street's alarming penchant for lavish spending and multimillion-dollar pay packages. Reingold spars with arch rival Grubman; fends off intense pressures from Wall Street bankers and corporate CEOs; and is wooed by Morgan Stanley's CEO, John Mack, and CSFB's über-banker Frank Quattrone. Reingold describes instances in which confidential deals are whispered days before their official announcement. He recalls the moment he learns that Bernie Ebbers's WorldCom was massively cooking its books. And he is shocked to have been an unwitting catalyst for a series of sexually explicit e-mails that would rock Wall Street; bring Jack Grubman to his knees; and contribute to the stepping aside of Grubman's boss, Citigroup CEO Sandy Weill. Some of Reingold's stories are outrageous, others hilarious, and many are simply absurd. But, together, they provide a sobering exposé of Wall Street: a jungle of greed and ego, a place brimming with conflicts and inside information, and a business absurdly out of touch with the Main Street it claims to serve. He shows how government investigators, headlines notwithstanding, never got to the heart of the ethical and legal transgressions of the era. And how they completely overlooked Wall Street's pervasive use of inside information, leaving investors -- even sophisticated professionals -- cheated. The book ends with a series of important policy recommendations to clean up the investing business. In the tradition of Liar's Poker and Den of Thieves, Confessions of a Wall Street Analyst is a no-holds-barred insider's account that will open the eyes of every investor. Average Rating:
 Rating:  - Rate This One A BuyThis book was a great insight in to the world of telecom analysts who worked on Wall Street during the late 90s to early millenium years. The years of the dot com boom and bust. I was active in IT during those years and remember well when it came out that Worldcom had falsified it's earnings. Reading about it from an inside angle gave me a deeper appreciation of what was going on then and I am grateful for it. Dan Reingold writes a compelling account of those times and if you are interested ... Read More Rating: - Well Written and Insightful, but a Little Too Long for the ContentThe "What Elliot Spitzer Never Told You" heading on the cover is a bit misleading. Sure, Reingold's Confessions of a Wall Street Analyst reveals the corrupt Wall Street of that era, but I'd hardly consider it a 'tell-all' book, which is exactly what makes it good. The main problem I have with this book is that Dan Reingold writes Confessions with a few biases and a few principles upon which he builds his perceptions of events. He portrays himself as 'holier than thou' while others as immoral. He fails ... Read More Rating: - The Emperor's Old ClothesIt ain't me, man, it ain't me. In "Confessions of a Wall St. Analyst" Daniel Reingold takes an estimable stab at hand washing in his expose of the telecomm investment mania of the late 1990s. Beginning his career as a sell side equity analyst in 1994, a pivotal moment for the heretofore sleepy telelcommunications industry, Reingold paints himself as a guileless, almost idealistic intellectual in the academic mode, transported by fate into the vicious and mendacious cauldron of greed known as Wall St. Read More Rating: - Solid bookI was not quite sure how to review this and remain objective. I have always been a big fan of Wall Street lore, and the recent bubble has given me tons of material from its many participants. This novel was no different, it told the story of a man who was, among many others, in the middle of all the pandemonium of a boom and bust. I like this kind of stuff though, so for myself, I would rate this book a 4.5 star. The author goes very far to get all of his numerical facts right, and ... Read More Rating: - There's no right or wrong, just money ...I found this book to be more of a dairy than confessional. Don't get me wrong I enjoyed it but the theme was set early on, "My colleagues aren't playing fair and I'm still going to take the money." Because the author is documenting real events, it was refreshing to get an insiders perspective on WorldCom's lifecycle. In particular, as a CNBC viewer, the talking heads are always tossing around ... "former head of Citigroup ..." and several of these players show up in the book. So that was a value ... Read More 
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