by Hilary Rosenberg
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Product Description
"What kinds of investors actually choose to make their living by seeking out troubled companies and becoming mired in the complexities and contentiousness of a bankruptcy or out-of-court workout?" - Hilary Rosenberg (from The Vulture Investors)
Welcome to the big-time, big-stress-and big-profit-world of vulture investing. From the eleventh-hour save of Donald Trump's casinos, to the tempestuous history of Wheeling-Pittsburgh Steel, to the rocky restructuring of the massive Revco discount drugstore chain, Hilary Rosenberg takes us on a fast-moving journey through some of the major bankruptcies of the 1980s and 1990s-and brings to life the infamous, talented arbiters at the heart of their recovery. Meet the so-called "vulture investors" who cast their sights on distressed concerns, buy out debt, and skillfully forge their way to rich returns. Quietly upstaging the flashier corporate tycoons and raiders of the previous decade, men like Leon Black, Ronald LaBow, Sam Zell, Talton Embry, and Martin Whitman have helped to make a more efficient market in this obscure sector of investment, and their success may even inspire the quickly evolving business cultures of Asia and Latin America.
The vulture investors made their way to the forefront of American business during the troubled period when declaring bankruptcy became commonplace among debt-heavy companies. Buying out debt and seeing through the rehabilitation of companies as well-known as Sunbeam and Bloomingdale's, these unique players have changed the face of the distressed securities market. In her own animated, absorbing, and original style, Hilary Rosenberg creates thoroughly researched reenactments of the vultures' greatest exploits to offer an intriguing examination of their methods and their madness-and reveals the important role of these controversial characters in aiding worldwide economic recovery.
Praise for The Vulture Investors
"A lively account of the hardy band of investors who look for-and find-gold in capitalism's junk pile. Rosenberg not only tells their stories with captivating relish but weighs the overall economic impact of their exploits. This book is a valuable introduction to 1990s-style deal-making." - Chris Welles, Senior Editor, Business Week
"In a tour de force of punchy business writing, Rosenberg dissects a little-known but increasingly common high-stakes financial game: preying on companies in distress. . . . The author relates these intricate, suspenseful narratives in a clear, lively style that always instructs and often amuses." - Publishers Weekly
"Reads like a good suspense novel." - Library Journal
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Average Customer Review:
0 of 0 people found the following review helpful:
 Neutral - not yet read., 2008-06-09
This book came in good condition, just as was expressed by the seller. I would purchase from them again. Unfortunately this was a gift for someone else, so I have not heard anything back from the reader as to how the content is.
2 of 2 people found the following review helpful:
 One of the best!!!!!, 2006-08-16
What a great read! To say that this book is Educational & Entertaining does not do it justice. The author takes you into a world of high finance and even higher stakes as companies hang in the balance & investors fight for profits.
The author does a great job of taking a very, very complex business and breaking it down so that most readers can understand the world of "Vulture Investors".
3 of 6 people found the following review helpful:
Insightful...except the update, 2005-08-17
Great book, interesting stories.
The update is not worth the extra dollars though
2 of 4 people found the following review helpful:
Great book, 2005-08-13
As usual, Ms. Rosenberg has written an outstanding book that is clear and compelling. Although it is a business book I will be brave and say it is also entertaining. This makes Vulture investments clear to an English major. I have bought several and recommend it to all friends.
5 of 11 people found the following review helpful:
 A WASTE OF MONEY AND A TIME, 2005-05-16
I found this book to be a complete waste of time and money. The book has very little substance, it is highly and extremely boring. Every story sounds the same and absolutely NO attention is paid to how the vultures decide what firm to buy into.
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