High Financier: The Lives and Time of Siegmund Warburg by Niall Ferguson

High Financier: The Lives and Time of Siegmund Warburg by Niall Ferguson

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Product details

Condition
New
Location
South Africa
Product code
msc1s1
Bob Shop ID
647705215
Published by Penguin Books, 2011, softcover, illustrated, index, 548 pages, condition, as new. 
This is a very good, very readable biography of an important but today little known figure in international finance. Siegmund Warburg created the Eurobond market and also pioneered the hostile takeover and the assertion of shareholder power against management ego or "stakeholder" capitalism. He was also an extremely interesting person who led a remarkable life and was also quite hilarious. Warburg was a member of the less successful branch of the famous German banking family. His status as a poor relation, the near death of the firm during the financial catastrophies that characterized the Weimar Republic and the coming Nazi terror forced him to flee to London and start from scratch (sort of... he still had the name and his banking relationships to draw on) and from this he built in a single generation an investment bank that grew to be as large as Morgan Stanley and Goldman Sachs by the early 1990s. This was a remarkable achievement and the man who did it was fascinating. Ferguson mines his correspondence deeply and even the slow sections of the book are enlivened by quotes from Warburg shelling the company chef or his fellow partners in language that is at once acid and hilarious. For a time I worked for a company called "SBC Warburg," and Warburg's influence even reached to my trading desk in Chicago.
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