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Black and White on Wall Street: The Untold Story of the

Item condition:Good
Ended:Nov 13, 200910:18:16 PST
Price:US $1.07
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Item number:200394494506
Item location:Denver, CO, United States
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Last updated on 02:26:51 AM PST, Nov 13, 2009 View all revisions
Item specifics - Nonfiction Books
Author: Joseph Jett, Sabra ChartrandPublisher: Harpercollins
ISBN-10: 0688161367Subject: Business & Economics
ISBN-13: 9780688161361Topic: --
Format: HardcoverLanguage: English
Publication Year: 1999Condition: Good
Special Attributes: --  
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Detailed item info
Synopsis
Jett defends his role in the Kidder Peabody trading scandal that rocked Wall Street in 1994 and ended his career as a trader. With this insider account, he describes the racial and political climate that he believes contributed to his downfall.

Size
Length:387 pages
Height:12.8 in.
Width:6.5 in.
Thickness:1.2 in.
Weight:24.8 oz.

Publisher's Note
In Black and White on Wall Street, Joseph Jett describes the combative environment of a Wall Street trading floor, where the driving forces are greed and competition, whatever the cost. For Jett, the price was his career, his reputation and the distinction of being a Wall Street pariah. Like James Stewart's Den of Thieves, Black and White on Wall Street reveals not only the excitement of the game but the Street's own brand of corruption as well. Its power-hungry, wildly rich players have their own set of rules and though Jett got caught in the crossfire, he isn't going down quietly. In 1994, Joseph Jett found himself at the center of one of the biggest Wall Street stories of the decade. Just months after naming him "Man of the Year" for heading a phenomenally successful bond-trading team, Kidder, Peabody & Co. accused him of recording $350 million in phony profits and taking more than $8 million in bogus bonuses. Jett was forced out of his job and charged with masterminding one of Wall Street's largest securities scams in a scandal that played out in newspaper headlines and television broadcasts for months. Jett's career was crushed in an onslaught of accusations from one of the most powerful corporations in America, Kidder's parent company, General Electric. His family, his childhood and his personal life became fodder for countless lurid media stories.
The firsthand account of a black man's experiences on Wall Street by the person who was wrongly thrust into the center of its biggest scandal in years.

Industry reviews
Jett successfully sued Kidder Peabody when it accused him of recording phony profits.
Jansen 

Whether or not readers are convinced by Jett's spirited defense of his professional ethics and acumen, they will certainly get a long, lurid look into the high-stakes shark tank of the trading world, where competition within a company is often fiercer than competition between rival firms. Jett burst onto front pages of newspapers in spring 1994 amid accusations that he defrauded Kidder Peabody and created $350 million in phantom profits from which he was awarded $8 million in bonuses. Jett accuses his former employers of racism and scapegoating, maintaining that his aggressive, unorthodox trading strategy was okayed by his superiors, who then played dumb when the SEC came into the picture. In making his case, however, Jett does himself no favors. He admits that, early in his career, he was socially and politically tone deaf, and he candidly relates the unflattering stories of how he lost jobs at Morgan Stanley and First Boston before landing at Kidder. In discussing the bond trading strategy that he developed and the intricacies of the SEC investigation of the matter, Jett comes off as both exceedingly smart and exceedingly gullible (fooled as often by himself as by others). His book may not provide the exoneration he seeks, but it will surely give readers a look at the street lit by the unflattering glow of a real-life bonfire of the vanities. Agent, Suzanne Gluck at ICM; author tour. (Apr.)
Fox 


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Black and White on Wall Street: The Untold Story of the Man Wrongly Accused of Bringing Down Kidder Peabody

Product Category : Books
ISBN : 0688161367
Title : Black and White on Wall Street: The Untold Story of the Man Wrongly Accused of Bringing Down Kidder Peabody
Authors : Joseph Jett~Sabra Chartrand
Binding : Hardcover
Publisher : William Morrow & Company
Publication Date : 01 April, 1999
List Price (MSRP) : 25.00
Height : 1.2500 inches
Width : 6.5000 inches
Length : 12.7500 inches
Weight : 1.5500 pounds
Keywords : Company Profiles, Public Finance, Finance, Stocks, Marketing, Discrimination & Racism, New York, Business & Investing: General, Business & Investing: Marketing & Sales: Marketing: General, Hardcover
Condition : Good

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