Gretchen Morgenson: From Wall Street to Journalism
Masters in Business
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Executive Life: The Insurance Deal of the Century
Executive life is where we start sort of the book because it was such a massive failure. This was a AAA highly regarded insurance company beforehand. It was run by a guy who was kind of what we used to call in the old days a gun slinger. And he bought a ton of junk bonds from Drexel. He was one of their top clients when they were selling these bonds of slightly lower quality lesser known companies.
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