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Victor Posner: Junk Bonds, Pension Raids, and Pure Greed

Victor Posner: Junk Bonds, Pension Raids, and Pure Greed

Great Business Stories vor 1 Jahr

0:00

29:42

Have you even heard of Victor Posner? I hadn’t but if you’re a
fan of this show, you’ll know that one of mine and Keith’s
favorite books of all time is Barbarians at the Gate, a rip
roaring story about a leveraged buy-out and attempted hostile
take over of RJR Nabisko from the 1980’s. So I love the drama
around hostile takeovers, and I wanted to find out- who first
started hostile takeovers in the 20th century, and it turned out
to be this guy Victor Posner, I can say that I’d never come
across such a lowlife. If you're ever looking for a person that
symbolises everything that’s wrong with capitalism- and just to
note- I’m a fan of capitalism overall- then Posner is your poster
boy.