The Caesars Palace Coup
How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street
Nie udało się dodać produktów
Nie udało się dodać tytułu do koszyka.
Nie udało się dodać tytułu do schowka.
„Usuń ze schowka“ nie powiodło się.
„Obserwuj podcast“ nie powiodło się
„Przestań obserwować podcast“ nie powiodło się
Wypróbuj Audible Standard bezpłatnie przez 30 dni
The Caesars Palace Coup
Kup za 21,04 €
-
Czyta:
-
Chris Kipiniak
-
Autor:
-
Max Frumes
-
Sujeet Indap
It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards.
The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG - in the midst of the post-Great Recession slump - had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars's hedge fund lenders and bondholders had scooped up the company's paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs - if they could just stop their own infighting.
These modern financiers now dominate the scene in corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society - and even each other.
©2021 Sujeet Indap and Max Frumes (P)2021 TantorTe tytuły mogą Ci się spodobać
Complex and unstructured presentation
Coś poszło nie tak. Spróbuj ponownie za kilka minut.