The Money Machine: How Kkr Manufactured Power & Profits
by Sarah Bartlett
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Book Summary Information
Author: Sarah BartlettEdition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2000-10
ISBN: 0735100675
Number of pages: 345
Publisher: Replica Books
Book Reviews of The Money Machine: How Kkr Manufactured Power & Profits
Book Review: poor choice
Summary: 1 Stars
Bartlett has written an uneven book that doesn't even provide true insights for the reader. (A caveat regarding this review but also the book: I chose not to waste my time finishing it, instead throwing it away when halfway through it.) A far better choice for those interested in reading about KKR is George Anders's "Merchants of Debt," if you can find a copy.
Summary of The Money Machine: How Kkr Manufactured Power & Profits
In 1975 two cousins, from Texas and Oklahoma, started out with $120,000. By 1989 they had persuaded banks, pension funds and insurance companies to lend them over $58 billion to buy 36 companies employing hundreds of thousands of people. In this expose, a "New York Times" reporter chronicles the rise of Henry Kravis and George Roberts, documenting a history of ambition, excessive fees and strategic "gifts" to bankers, public officials, pressmen and others. The book presents an indictment of a Wall Street money machine spinning wildly out of control, and a description of how it uses its power to influence the economy, the markets, and America's free press.Economics Books
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