The Caesars Palace Coup: How a Billionaire

The Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street by Sujeet Indap, Max Frumes

• The Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street
• Sujeet Indap, Max Frumes
• Page: 352
• Format: pdf, ePub, mobi, fb2
• ISBN: 9781635766776
• Publisher: Diversion Books

Download The Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street

Google book download online The Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street English version

Overview

It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards. In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress. On one side: Apollo Global Management and TPG Capital. On the other: the likes of Elliott Management, Oaktree Capital, and Appaloosa Management. The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG—in the midst of the post-Great Recession slump—had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars’ hedge fund lenders and bondholders had scooped up the company’s paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs—if they could just stop their own infighting. These modern financiers now dominate the scene in Corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society—and even each other. In The Caesars Palace Coup, financial journalists Max Frumes and Sujeet Indap illuminate the brutal tactics of distressed debt mavens—vultures, as they are condemned—in the sale and purchase of even the biggest companies in the world with billions of dollars hanging in the balance.

Other ebooks: DOWNLOADS We Don't Know Ourselves: A Personal History of Modern Ireland by Fintan O'Toole, Fintan O'Toole read book, Descargar ebook LA QUIEBRA DE LAS DEMOCRACIAS | Descarga Libros Gratis (PDF - EPUB) read pdf, DOWNLOAD [PDF] {EPUB} Bruno's Challenge: And Other Stories of the French Countryside by read book, Download PDF Fairy Tale by Stephen King pdf, {pdf download} App Kid: How a Child of Immigrants Grabbed a Piece of the American Dream by here, DOWNLOADS Prince: All the Songs: The Story Behind Every Track by Benoit Clerc, Benoit Clerc download pdf,