Business : Corporate & Business History

With penetrating insights for today, this vital history of the world economic collapse of the late 1920s offers unforgettable portraits of the four men whose personal and professional actions as heads of their respective central banks changed the course of the twentieth century. It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person’s or government’s control. In fact, as Liaquat Ahamed reveals, it was the decisions taken by a small number of central bankers that were the primary cause of the economic meltdown, the effects of which set the stage for World War II and reverberated for decades. In Lords of Finance, we meet the neurotic and enigmatic Montagu Norman of the Bank of England, the xenophobic and suspicious Émile Moreau of the Banque de France, the arrogant yet brilliant Hjalmar Schacht of the Reichsbank, and Benjamin Strong of the Federal Reserve Bank of New York, whose façade of energy and drive masked a deeply wounded and overburdened man. After the First World War, these central bankers attempted to reconstruct the world of international finance. Despite their differences, they were united by a common fear—that the greatest threat to capitalism was inflation— and by a common vision that the solution was to turn back the clock and return the world to the gold standard. For a brief period in the mid-1920s they appeared to have succeeded. The world’s currencies were stabilized and capital began flowing freely across the globe. But beneath the veneer of boom-town prosperity, cracks started to appear in the financial system. The gold standard that all had believed would provide an umbrella of stability proved to be a straitjacket, and the world economy began that terrible downward spiral known as the Great Depression. As yet another period of economic turmoil makes headlines today, the Great Depression and the year 1929 remain the benchmark for true finan more...

Price: $32.95

The inside story of the power struggle that rocked Wall Street's most prestigious financial institution. What began with a shot over the bow ended in a shocking coup d'etat. In less than four months a group of eight retired executives orchestrated a stunning revolt within Morgan Stanley, the venerable and—until recently—most successful financial services firm on Wall Street. Now acclaimed journalist and historian Patricia Beard brings together the entire behind-the-scenes story in Blue Blood and Mutiny , a real-life business thriller exposing the tale that shook high finance. In March 2005 the business world woke up to an unprecedented full-page ad in the Wall Street Journal calling for the removal of Morgan Stanley's CEO. It was paid for by a cohort of eight former Morgan Stanley executives, including an ex-chairman and an ex-president, who soon would be dubbed the "Eight Grumpy Old Men." Their target was CEO Philip Purcell, a midwesterner who had come to power following Morgan Stanley's 1997 merger with Dean Witter Discover, where Purcell had been chief executive. In his eight years as CEO, Purcell had presided over a 50 percent decline in stock price since its peak in 2000 and a series of high-profile government and civil lawsuits that had tarnished the company's once-sterling reputation. Just a few months after the Journal ad, Purcell would retire under pressure, and former president John Mack, who had been pushed out by Purcell, was appointed CEO. The "Eight Grumpy Old Men" won the battle. The revolt of the Eight is about more than the stock price, or any bottom-line metrics: it signals a clash of cultures and a battle for the soul of American business. Since its founding, Morgan Stanley has been an elite enterprise guided by J. P. Morgan Jr.'s motto "A First Class Business in a First Class Way." The House of Morgan stood for something larger than success with honor; its ethos was unique—so more...

Price: $12.99

Leviathans is a ground-breaking exploration of multinational corporations and differs from other books on the subject by offering the reader a totally global perspective of multinationals. The book paints a compelling and coherent picture of the way these businesses affect almost all areas of our existence. more...

Price: $20.00

The fascinating story of a company that has been at the forefront of American business for over one hundred years. The story of Walgreens spans over a century of U.S. history. It’s the story of the most successful drugstore chain in the nation, an industry leader from the 1920s right up to the present. Today, the company still surpasses its competition in both size and profitability. more...

Price: $24.95

Traditionally, researchers have defined entrepreneurship in terms of the entrepreneur - the individual who exploits a previously unnoticed opportunity. Entrepreneurship research thus focused on the attributes of the person and how these might be related to exploiting opportunities which others either didn't see or chose not to pursue. In this way, classic entrepreneurship research explored individual characteristics such as willingness to bear uncertainty (Khilstrom & Laffont, 1979), tolerance for ambiguity (Schere, 1982), or need for achievement (McClelland, 1961). Unfortunately, focus on the individual entrepreneur has proved unsatisfactory because it cannot explain the fact that entrepreneurial behaviour is episodic and clustered at particular points in time. It also does not explain how entrepreneurship is often a response to specific situations (Gartner, 1985). Stated differently, this individual entrepreneur view of the field does not acknowledge the context within which entrepreneurship takes place (Shane, 2003; Shane & Venkataraman, 2000). Shane and his colleagues encourage researchers to view entrepreneurship as the nexus of entrepreneur and context. more...

Price: $99.00