• List Price: CDN$ 18.00
  • You Save: CDN$ 4.38 (24%)
FREE Shipping on orders over CDN$ 25.
Only 7 left in stock (more on the way).
Ships from and sold by Amazon.ca. Gift-wrap available.
Quantity:1
The Predators' Ball: The ... has been added to your Cart
+ CDN$ 6.49 shipping
Used: Very Good | Details
Condition: Used: Very Good
Comment: Ships from the USA. Please allow 2 to 3 weeks for delivery.  Light wear to edges and pages. Cover and spine show no easily noticeable damage. A tradition of quality and service.
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders Paperback – Jun 1 1989

3.8 out of 5 stars 27 customer reviews

See all formats and editions Hide other formats and editions
Amazon Price
New from Used from
Paperback
"Please retry"
CDN$ 13.62
CDN$ 10.28 CDN$ 0.01

Harry Potter and the Cursed Child
click to open popover

Special Offers and Product Promotions

  • You'll save an extra 5% on Books purchased from Amazon.ca, now through July 29th. No code necessary, discount applied at checkout. Here's how (restrictions apply)

Frequently Bought Together

  • The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders
  • +
  • Barbarians at the Gate: The Fall of RJR Nabisco
  • +
  • When Genius Failed: The Rise and Fall of Long-Term Capital Management
Total price: CDN$ 47.98
Buy the selected items together

No Kindle device required. Download one of the Free Kindle apps to start reading Kindle books on your smartphone, tablet, and computer.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.




Product Details

  • Paperback: 400 pages
  • Publisher: Penguin Books; Updated ed. edition (June 1 1989)
  • Language: English
  • ISBN-10: 0140120904
  • ISBN-13: 978-0140120905
  • Product Dimensions: 13 x 2 x 19.8 cm
  • Shipping Weight: 272 g
  • Average Customer Review: 3.8 out of 5 stars 27 customer reviews
  • Amazon Bestsellers Rank: #96,382 in Books (See Top 100 in Books)
  •  Would you like to update product info, give feedback on images, or tell us about a lower price?

  • See Complete Table of Contents

Product Description

About the Author

Connie Bruck has been a staff writer at "The New Yorker since 1989; she frequently writes about business and politics. In 1996, her profile of Newt Gingrich won the National Magazine Award for reporting, her second. Bruck is the author of "Master of the Game and "The Predators' Ball. She lives in Los Angeles.


Customer Reviews

Top Customer Reviews

Format: Paperback
The book is great but it leaves you shaking your head in disbelief. One must conclude that there is no effective control by the SEC over companies on the NYSE and NADAQ.
I found this to be just a riveting book to read. It reminded me of the movie Wall Street although from what I gather Michael Milken at Drexel Burnham was not as good looking as Michael Douglas and he wore a hair piece and drove an older Oldsmobile, not a Ferrari.
Milken while reading the Wall Street Journal and similar material on the bus going to business school in Philadelphia came up with this idea of selling the junk bonds. Once he graduated and was employed he pushed that idea, similar to the way Fred Smith pushed Fed.Ex. - another college idea. It comes clear in the book, just shouting out at you, that he had lots of help. Banks helped him, brokers helped him, other companies helped him, he opened a new office for Drexel in LA and in general just took over that company - all because people knew and appreciated that he was going to make buckets of money. His whole scheme was in fact similar to a pyramid scheme with everyone getting fat fees that were supposed to be re-paid down stream by the successful company. The Predator's Ball did exist as real annual social get together where the bankers, brokers, and the borrowing companies got together for a night of partying. The victims - the shareholders - were not invited.
Like every Ponzi scheme at some point reality had to set in and it failed. That is what this book is about. Sure we can learn but apparently we are immune or unable to learn from history because the market over inflated itself and the Nasdaq went to 5000+ a decade later, and we had World Com and Enron. It is also remarkable that after taking so much money he got off with a light jail sentence and a big fine ($500. million) that Millken could pay.
Entertaining read.
4 stars.
Jack in Toronto
One person found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again.
Report abuse
Format: Paperback
Based on the other reviews here you can gather what the book covers so I will not repeat that detail. I thought the most valuable parts of the book covered the way Milken operated, both his personality and the business he created and directed. There are a lot of interesting details covering him, but I thought that was a flaw in the book, it did not cover more of the other main characters in the 80's Junk Bond and M&A activity - people like Bosky, KKR etc. The book also describes how the Milken office because so powerful it was given free reign, the very point that ruined this company - similar to the Houston office of AA? The book also has the underlining theme that this activity and people were the worst part of American business and personal greed, that is an unfair characterization and you should keep that in mind while reading the book, a lot of good came out of this decade, it was not all doomed to failure. If this is your first book covering this topic I would suggest you read "Den of Thieves" by Stewart first, it was better written and more interesting. This is a good second step.
One person found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again.
Report abuse
Format: Paperback
One of three must read books on the Michael Milken, Drexel Burnham Lambert 1970's & 80's era on Wall Street. Wonderful storytelling and accounting of the many deals financed with junk bonds by Milken & gang. The other two books, well written as well on Milken, are "Den of Thieves" by Pulitzer Prize winning WSJ writer James B. Stewart, written after Bruck's Ball, and "A License to Steal: The Untold Story of Micheal Milken and the Conspiracy to Bilk the Nation" by Benjamin J. Stein, written last of the three. Stay away from the fantasy work of Jesse Kornbluth's "Highly Confident -- The Crime and Punishment of Michael Milken". It's an authorized version of Milken's life, bought & paid for by Milken himself, who underwrote hatchet jobs on Bruck & Stein to discredit their stellar work.
The Predators' Ball does a great job of getting inside the various deals Milken pulled off and how they happened, along with a good history of Michael Milken. Amazing stuff, considering the multi-billion dollar nature of those deals... financed with nothing but junk. The sad thing is, is that if Milken had been caught in this current era of NO public tolerance for Wall Street misdeeds in 2002, he would be serving a hell of a lot more time then the mere 24 months he actually ended up doing on his ten year sentence. 98 counts, he cut a deal to plead guilty to six of them. He walked out of jail after a brief time of reflection, with his Billion$ still stached away in his foriegn bank accounts at his disposal. Crime did pay and pay well for Michael Milken. Stein's License to Steal book estimated that Milken generated some $24 Billion in commissions & fees, from obscene margins & unearthly volume. King of the Universe indeed... and walked away with a mere $1 Billion slap on the wrist fine and a few nights in jail. These three books are better than fiction or novels. History, in Wall Street storybook fashion. The more things change, the more things stay the same.
Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again.
Report abuse
Format: Paperback
This book, Liars Poker, Den of Thieves and Barbarians at the Gate are the books that define Wall Street in the 1980's. This book was an outstanding coverage of the age of the junk bond raiders. Junk bonds were the favorite financial tool of corporate raiders everywhere. The junk bond was also used to finance many new businesses (Donald Trump,Atlantic City and MCI are the most memorable to me). This book also covers Michael the driving force behind Drexel Burnham and the King of the junk bond.
The book is focused on the rise and fall of Drexel and the associated personalities of the firm. The author does a very good job of illustrating the power Milken had within Drexel, how his office on the West Coast went from being a backwater to accounting for the bulk of the firms revenue, and how Milken's subsequent removal left Drexel crippled past the point of healing. I felt that the book does a good job of explaining the brilliance of Milken and the high-yield bond market that he created and nurtured, and the catch-22 that led to his criminalization.
At the end of the day I find these kind of books to be financial humor more than anything because 1) these guys worked their butts off (2) made tons of money and then (3) a lot of them lost their shirts, ran into difficulties or (3) ended up in jail. Yes, they are rich by the boat load but it isn't the way I want to make a living.
Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again.
Report abuse

Most recent customer reviews



Feedback