Den of Thieves (Book)
Encyclopedia
Den of Thieves is a 1992
non-fiction
bestselling work by Pulitzer prize
-winning writer James B. Stewart
. The book recounts the insider trading
scandals involving Ivan Boesky
, Michael Milken
and other Wall Street
financiers in the United States
during the 1980s such as Martin Siegel
, Dennis Levine
, Robert Freeman
, Richard Wigton, Timothy Tabor, John A. Mulheren
, Lowell Milken
, Robert Wilkis, and more. There have been eight editions as of 2008.
Intertwining the stories of financiers, bankers, lawyers and the law enforcement officials who pursued them, Den of Thieves tells a tale of arrogance and complacency amongst the Wall Street
elite. As leveraged buyouts and takeovers proliferated in the heady 1980s, information on which companies were being targeted became ever more valuable. The stock price of companies could rise enormously on rumors of a potential takeover. Those who were privy to that information before it became public could make huge sums of money. Stewart shows how some of the biggest names in American financial history were involved in one of the greatest insider-trading schemes ever and how their exposure and punishment sent shock waves through corporate America.
1992 in literature
The year 1992 in literature involved some significant events and new books.-New books:*Ben Aaronovitch - Transit*Julia Álvarez - How the García Girls Lost Their Accents*Paul Auster - Leviathan*Iain Banks - The Crow Road...
non-fiction
Non-fiction
Non-fiction is the form of any narrative, account, or other communicative work whose assertions and descriptions are understood to be fact...
bestselling work by Pulitzer prize
Pulitzer Prize
The Pulitzer Prize is a U.S. award for achievements in newspaper and online journalism, literature and musical composition. It was established by American publisher Joseph Pulitzer and is administered by Columbia University in New York City...
-winning writer James B. Stewart
James B. Stewart
James Bennett Stewart is an American lawyer, journalist, and author.-Life and career:Stewart was born in Quincy, Illinois. A graduate of DePauw University and Harvard Law School, James B. Stewart is a member of the Bar of New York and Bloomberg Professor of Business and Economic Journalism at the...
. The book recounts the insider trading
Insider trading
Insider trading is the trading of a corporation's stock or other securities by individuals with potential access to non-public information about the company...
scandals involving Ivan Boesky
Ivan Boesky
Ivan Frederick Boesky is an American stock trader who is notable for his prominent role in a Wall Street insider trading scandal that occurred in the United States in the mid-1980s.-Life and career:...
, Michael Milken
Michael Milken
Michael Robert Milken is an American business magnate, financier, and philanthropist noted for his role in the development of the market for high-yield bonds during the 1970s and 1980s, for his 1990 guilty plea to felony charges for violating US securities laws, and for his funding of medical...
and other Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
financiers in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
during the 1980s such as Martin Siegel
Martin Siegel
Martin A. Siegel is a former respected investment banker who became embroiled in the insider trading scandals of the 1980s, alongside Ivan Boesky and Michael Milken....
, Dennis Levine
Dennis Levine
Dennis B. Levine was a prominent player in merger and acquisition business and the Wall Street insider trading scandals of the mid-1980s...
, Robert Freeman
Robert Freeman
Robert Freeman, Rob Freeman, Bob Freeman or Bobby Freeman may refer to:-Religious scholars:*Robert Freeman , Scottish-born American missionary and Baptist minister active with YMCA in Europe during World War I; author of 1921 book The Land I Live In*Robert C...
, Richard Wigton, Timothy Tabor, John A. Mulheren
John A. Mulheren
John A. Mulheren, Jr. was an American financier and philanthropist.-Biography:...
, Lowell Milken
Lowell Milken
Lowell Milken is co-founder of Knowledge Universe, the largest early childhood education provider in the world, founder of the TAP System for Teacher and Student Advancement, co-founder and chairman of the Milken Family Foundation, and a former senior vice president in the junk bond trading...
, Robert Wilkis, and more. There have been eight editions as of 2008.
Intertwining the stories of financiers, bankers, lawyers and the law enforcement officials who pursued them, Den of Thieves tells a tale of arrogance and complacency amongst the Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
elite. As leveraged buyouts and takeovers proliferated in the heady 1980s, information on which companies were being targeted became ever more valuable. The stock price of companies could rise enormously on rumors of a potential takeover. Those who were privy to that information before it became public could make huge sums of money. Stewart shows how some of the biggest names in American financial history were involved in one of the greatest insider-trading schemes ever and how their exposure and punishment sent shock waves through corporate America.