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Ling

Name: Ling
Brand: Beard Books
SKU: 9781893122307
Price: 191.93 RON
Availability: InStock

The Rise, Fall, and Return of a Texas Titan

Autor: Stanley H. Brown

Limbă:

Legare: Carte broșată

Editura: Beard Books

Disponibilitate: În depozitul extern

Expediem în 9-15 zile

191.93 lei

What was most remarkable about Jim Ling among the great players of corporate games is that he invent...

Informații despre carte

Autor

Stanley H. Brown

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

1999

Pagini

320

EAN

9781893122307

ISBN

9781893122307

Enbook ID

08859399

Editura

Beard Books

Greutate

434

Dimensiuni

216 x 142 x 25

Descriere completă

What was most remarkable about Jim Ling among the great players of corporate games is that he invented his own. And it worked for a while. In fact, he convinced some of the smartest people on Wall Street that he had a foolproof way. It has been more that 25 years since Ling strode the scene as creator and CEO of Ling-Temco-Vought, once the 14th largest corporation on Fortune's 500 list. When the financial magic he used wore off, he was ousted from the helm. They even changed the name to plain LTV to get his name off the facade that wound up as a bankrupt steelmaker.Without any education beyond high school in Oklahoma and electrician's training in the Navy during World War II, Ling discovered a way to create free money for a while. He called his series of acquisitions and spin-offs Project Redeployment, which made it sound like something grander than it proved to be. But while it worked, it was dazzling, even compared with Michael Milken's rediscovery of undervalued, high-yield (junk) bonds. Unlike Milken, a convicted felon, Ling was a man of integrity whose worst trouble with the law involved a minor regulatory matter. He believed in himself and his venture so thoroughly -- and wrongheadedly -- that he kept all his own and his children's money in his company's stock and was wiped out.The trouble with financial games is that they are easier to play than focusing on sound management and products, and they are surely more fun to watch.