Behind Integrity: The Dark Side of Morgan Stanley's Money-Making Game

Author: (USA) Pat Nooyi
Publisher:
Publishing Date: 2005-10-01
Features: Every banker in Europe would want to read this book. Morgan Stanley should have followed our earlier advice and bought all the books, held a large-scale fireworks party, and even invited Pat Nooyi to warm up. Believe us, "Behind the" will definitely cause a sensation. Pat Nooyi writes without hesitation — The European Week Behind the lets you experience firsthand the dangerous and important game on Wall Street. Derivatives trading is a bloody game, with unsuspecting investors as the prey. Read this book, or else — Michael Lewis, author of The Big Short Guns, Alcohol, Bloodthirsty — the whole truth about high finance. — The Sunday Times Fearless Exposure — Howard Davies, Chairman of the UK Financial Services Authority A bestseller that once shook Wall Street. Unveils the true face of Morgan Stanley hidden behind the masks of morality, integrity, and compliance. The greatest difference between this book and textbooks or other works praising success is that it tells you the secrets behind how successful people make money. Based on the author's personal experience, this book records how Morgan Stanley, a renowned investment bank on Wall Street, turned a Yale Law School graduate into a sharpshooter in the business world. These sharpshooters travel first class, frequent luxury hotels, and trade financial products designed by top mathematicians and physicists around the world. Countless self-proclaimed successful entrepreneurs and corporate managers, after only scratching the surface of Wall Street's financial products, sent billions of dollars into Morgan Stanley's pockets. On Wall Street, if someone calls you a good person, the implication is that you're a fool. For most financial products, the sum of gains and losses on both sides is zero, meaning one party's profit is another's loss. The department where the author worked earned an average of $15 million per person per year for the company. Many of the famous American companies mentioned in the book were victims of these profits. With China's entry into the WTO, China's financial market is rapidly integrating with the global financial system. At this crucial historical moment, this book is almost a textbook. It teaches us to recognize the risks of financial products and prevent Wall Street bankers from exploiting our ignorance of these products to charge us a fee. The recent China Aviation Oil incident and Morgan Stanley's acquisition of bad bank assets in China should make us deeply regret: if only we had read "Behind the" earlier.