Bull Street (A White Collar Crime Thriller)

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Bull Street (A White Collar Crime Thriller) Page 1

by David Lender




  Bull

  Street

  This novel was originally published, under a slightly different form, by Brindle Publishing in May, 2011.

  The characters and events portrayed in this book are fictitious. Any similarity to real persons, living or dead, is coincidental and not intended by the author.

  Copyright © 2011 by David T. Lender

  All rights reserved.

  Printed in the United States of America

  No part of this book may be used, reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage or retrieval system, without the written permission of the publisher, except where permitted by law, or in the case of brief quotations embodied in critical articles and reviews. For information, contact [email protected].

  Cover photograph copyright © 2005 by Herman J. Lender

  Published by Thomas & Mercer

  P.O. Box 400818

  Las Vegas, NV 89140

  ISBN-13: 9781612182261

  ISBN-10: 1612182267

  Bull

  Street

  A WALL STREET NOVEL BY

  David Lender

  Table of Contents

  Copyright

  Dedication

  Also by David Lender

  About the Author

  Acknowledgments

  Chapter 1

  Chapter 2

  Chapter 3

  Chapter 4

  Chapter 5

  Chapter 6

  Chapter 7

  Chapter 8

  Chapter 9

  Excerpt from Trojan Horse

  Excerpt from The Gravy Train

  Excerpt from Vaccine Nation

  For Mom and Dad

  ALSO BY DAVID LENDER

  Trojan Horse

  Trojan Horse is a love story built around a thriller about a Wall Streeter who falls in love with an exotic spy and then teams up with her to stop a Muslim terrorist plot to cripple the world’s oil capacity.

  The Gravy Train

  The Gravy Train is the story of a novice investment banker who helps an aging Chairman try to buy his company back from bankruptcy, pitted against ruthless Wall Street sharks who want to carve it up for themselves.

  Vaccine Nation

  Vaccine Nation is the story of an award-winning documentary filmmaker who is handed “whistleblower” evidence about the U.S. vaccination program, and then races to expose it before a megalomaniacal pharmaceutical company CEO can have her killed.

  ABOUT THE AUTHOR

  Born in the small town of Mt. Tabor, David Lender has lived in either northern New Jersey or New York City for most of his life. He majored in English at the University of Connecticut and received his MBA from the Kellogg School of Management at Northwestern University. Today, he writes thrillers based on his 25-year career as a Wall Street investment banker in mergers and acquisitions with Merrill Lynch, Rothschild and Bank of America. The international settings, obsessively driven personalities, and realworld financial intrigues featured in his novels are drawn from an insider’s knowledge of the inner workings of the most powerful of our financial institutions and corporations. He, his family and their beloved pitbull currently live in northern New Jersey.

  ACKNOWLEDGMENTS

  Thank you to all who read and commented on the manuscript and drafts of individual scenes: Terry Collins, Cindy Begin, Lisa Begin-Kruysman, Rich Kruysman, Tina Bachetti, Jon Lender, Paul Lender, Mark Lender, Penny Page, Manette Loudon, Shaun Strub, John Short, Russ Deihl, Michele Young and Frances Jalet-Miller.

  Thank you again to those who transcribed and typed the early drafts: Julie Widmer, Madelynne Sansevere and Marcie Herkner.

  Thank you to the team at Amazon Publishing.

  Thank you to Cheryl Bradshaw for your copy editing.

  And thank you again to Dad for the photo on the cover. I wish you could see it.

  CHAPTER 1

  NEW YORK CITY. BEFORE THE global financial crisis.

  “If I don’t have a job by April, I’m not getting one,” Richard said. “At least that’s the adage at B-school.”

  “And this the Ides of March,” Dad said.

  That ominous reference hit home. Richard’s guts rumbled.

  Richard Blum and his dad, Hank, sat in a Greek diner in downtown Manhattan near Wall Street. It was two blocks from Walker & Company, Richard’s first interview of the day, and four blocks from Dad’s insurance convention. Richard played with the tag on his teabag, preoccupied; this five-day trip to New York was his last chance to salvage a job on Wall Street from an otherwise failed recruiting season. It was opportune that Dad and he could squeeze in breakfast together while Dad was in town from St. Paul at the same time for his convention. They sat at a booth across from the counter, leaning in toward each other so they could hear over the clink of china, barked orders, the clang of spatulas on the grill. Richard savored the clamor and aromas of the place. It had a casual comfort, a folksy smell of eggs and home fries Richard knew Dad must be enjoying. He eased up his cuff to check his watch.

  “You getting concerned?” Dad asked.

  “It’s never over until you call it quits, I guess, but in finance parlance I’m a wasting asset.”

  “Not what I asked. You worried?”

  “Sweating bullets.”

  He looked at Dad’s clothes: cotton/polyester button-down, spot on his pin-dot tie, suit shiny from wear. He smiled; it made him comfortable, too, warmed him inside. He glanced down at his own clothes. He was wearing $3,500 in Polo Ralph Lauren. The topcoat he’d sprung for as part of this last-ditch effort to land the big one was dragging on the floor. A barometer for how it was going.

  “You must be making progress, though.”

  “I’ve struck out in all my on-campus investment banking interviews—the few I’ve gotten.”

  Dad just nodded, taking it in, thinking. “Anything useful to you come of them?”

  “Only that Michigan’s a second-tier school for the Wall Street firms. The entire recruiting season of interviews only netted all our MBAs twelve investment banking second-round callbacks on campus, four trips to New York, one offer.”

  “That’s at least one.” Dad, trying to be positive. He smiled, then squinted and pursed his lips. “There must be others coming to campus.”

  “No. It’s too late in the season for first rounds on campus.” Richard resisted the urge to squirm in his seat. “So that’s it for anything through the Placement Office.”

  Dad winced. He looked down at his plate, hesitated, then back in Richard’s eyes. “Now this trip,” he said, continuing to eye him. Richard first thought Dad’s expression meant he realized this was Richard’s last gasp. Now he had an inkling maybe there was more to Dad’s look than that.

  “Yeah, eleventh-hour effort. In New York to pound the pavement, follow up on cold letters attaching my resume. See if I can beat down some doors.”

  Dad leaned back. “So how’s the trip going?” Richard felt him zeroing in, watching him.

  “Four screening interviews, down to my last two.” Richard started twirling the tag from his teabag again, beginning to get anxious, knowing today’s interview was his only real chance.

  “Remember A Mathematician’s Apology?” Dad said. His gaze was now locked in on Richard, intent. Richard swallowed.

  “How could I forget? It’s been a big influence on me.”

  It was the book Richard and Dad had both read as he headed to college. Richard was turning the corner from defiant teenager, starting to get close with Dad again, this time man-to-man. When Richard landed the job after college writing ad copy at McA
lister & Flinn, still living at home, he and Dad developed a working relationship. Dad helped out as proofreader and critic. Richard learned Dad actually had business wisdom to impart; insurance was at least on the same hemisphere as writing copy to convince people to buy steak sauce or annuities. Business became a common language and culture that kept them up late nights, talking about interest rates, the CPI. And eventually, over a scotch now and then, they discussed the novels of Elmore Leonard or Trollope, the music of Mozart and Beethoven. Richard thought back to A Mathematician’s Apology, said as if reciting, “Three kinds of people. The first, I do what I do because I have an unusual talent for it. The second, I do what I do because I do lots of things pretty well and this was as good a choice as any. And the third, I don’t do anything very well and I fell into this.”

  “I’m a good fidelity bond underwriter, and I could’ve done a lot of other things probably just as well. What you’re going after is a world I don’t understand much about. But if you think you have it, go for it.” Still searching Richard’s face.

  “Yeah. I can do this.” Telling himself, needing it for this interview.

  “So don’t give up. But don’t compromise who you are and where you came from. Don’t let Wall Street turn your head.”

  “Any other advice?”

  “Well, since you ask,” Dad said, now giving him that half smile he wore when he launched a zinger but still wanted to show affection. “All I’ve heard is excuses. This isn’t like you. Get primal. Think like these Wall Street guys, like a caveman who needs to win over a woman or he can’t procreate. Put some oomph into it. You’re on your own; nobody can do it for you.”

  They sat in silence a moment, Richard looking at the half smile still on Dad’s face. Dad was right. It’s all up to me.

  Dad said, “What? You think I can’t still kick your butt?”

  Richard felt his throat thicken. “Thanks.”

  “You’re very welcome.”

  Richard looked at his watch. Dad grabbed the check, said, “Get going. Give yourself some time to collect your thoughts.”

  “Why don’t you let me get this?”

  “When you’re a mogul you can buy me dinner.” They both stood. Dad stuck out his hand. They shook, then hugged.

  “Love to Mom,” Richard said.

  “Call her. Tell her yourself.”

  Richard nodded. “Any final thoughts?”

  “If you fall flat you know you can always come home to regroup.” He smiled. “But you aren’t going to let that happen. Both you and I know that, don’t we?”

  Richard looked at his watch: 7:45. He’s late. He sat in Walker & Company’s reception area at 55 Water Street, waiting for his interview with François LeClaire. And he’d rushed through breakfast to get here by 7:30. He caught himself clenching and unclenching his fingers into his palms, forced himself to relax them.

  Great. More time to ponder the imponderable.

  Richard picked up a magazine from a Sheraton end table next to the antique Chippendale chair he sat in. Fortune. The current issue; Harold Milner was on the cover. He’d also graced the covers of Forbes and Financier magazines over the last decade. In the cover picture for the article, “Financial Engineering on Steroids,” Milner stood in a conference room at Walker & Company. It was probably the very one Richard sat outside now. The picture showed Milner framed against the backdrop of the Brooklyn Bridge, the back-door entrance to Wall Street. Inside the issue Richard knew the first page of the article showed a photograph of Jack Grass and Mickey Steinberg standing on either side of Milner. He was Walker & Company’s most important and prolific client. Richard knew all about these guys. He’d been Googling them before Google was a verb.

  The Fortune article got it mostly right, although it was obvious to Richard he’d done more research on Milner than its author. Milner, then Chief Financial Officer of Coastal+Northern Corporation, had taken his entrepreneurial leap at 40 years old. He’d cashed in his C+N stock options for $1.5 million, used them for his first deal and never looked back. Now his $7 billion private empire employed 17,000 people in 22 states. The article called him brilliant, eccentric, wildly creative, and a compulsive workaholic—one of the most powerful and wealthy entrepreneurs in the U.S.

  Richard looked into the open door of the conference room at the table that was set for breakfast. He imagined Milner, Jack and Mickey discussing a deal over breakfast and felt an airiness in his stomach.

  Richard saw a young guy, probably an Associate, walking toward him. He had his jacket off, a pile of papers and some presentation books in his hands, quick pace, looking tense. Yeah, an Associate, probably first year. He hurried past Richard and peered into the conference room. Seeing no one there, he sat down in the chair across from Richard, apparently waiting. He was twitchy and sweaty. It made Richard feel sorry for him. The guy’s papers started sliding out of his lap. Richard reached out to help him but the guy shook Richard off, reined them in himself.

  Richard now saw the guy checking him out, probably guessing why Richard was here.

  “Who you waiting for?” he asked.

  “François LeClaire.” Richard saw his face show recognition, then his forehead wrinkle with tension. The guy sighed and leaned back in his chair. At that moment his BlackBerry vibrated in his belt and he sat up with a start. Richard heard someone talk fast and loud on the other end of the call. The guy left in a hurry, papers rustling. Richard got the uncomfortable sense that this could be him in a few months, stealing a moment of relaxation as he waited for somebody to yell at him about a column of numbers that didn’t add up.

  The elevator door opened and Richard turned to see Harold Milner, the man himself, walking toward him. Milner carried himself with an understated manner that somehow magnified his power and importance. Richard instinctively stood, and then a surge of adrenaline froze him in place like a ten-year-old meeting Babe Ruth. He realized as Milner approached he was as big as the Babe up close, too. Six feet five or so, thick in the chest like a football lineman, massive hands. Trademark shaved head. He cruised up to Richard. “Harold Milner,” he said, extending his hand. Just like that.

  Richard felt himself starting to speak without knowing what would come out. He said something gushy after introducing himself, his voice faint as he said, “Mr. Milner.”

  “Call me Harold.” Milner looked into the empty conference room, then sat where the Associate had moments earlier. He glanced down at the copy of Fortune Richard still clutched. “And I’m not as bad as they say,” he said. “Or as smart.”

  Richard smiled, more relaxed now. His body had unfrozen and he sat back down, now sitting with Harold Milner like they were shooting the breeze. “I’m not sure I believe that.”

  “Which? Bad or smart?”

  “Smart. I’d say you’ve done okay…Harold.” “Harold” came out haltingly, Richard trying it out.

  “Yeah, well, ‘with money in your pocket, you are wise and you are handsome and you sing well, too.’”

  “F. Scott Fitzgerald?”

  “Yiddish proverb. Don’t believe everyone’s press clippings.”

  “Hard to believe you’ve just been lucky.”

  “No, but the stuff in that article is downright silly.”

  Richard smiled. “You’ve done some interesting deals.”

  “Yeah, but this ‘steroids’ nonsense is just to sell magazines. My approach is about as low-tech as they come.”

  “I don’t know. On the Brennan deal it was pretty exotic the way you set up that special-purpose subsidiary to finance the receivables on the McGuffin division.”

  Miller gave him a shrug and a look that said, “So?”

  “So, that extra financing gave you about a 20% price advantage over the other bidders. It got you the deal.”

  “Maybe.”

  “And on Dresner Steel, the way you sold off two of the divisions and merged the rest with Tilson Manufacturing and Milburg Industries within a year. How many guys could pull that off and s
till keep the tax-loss carryforwards intact?”

  Milner looked at Richard as if pondering something for a moment. He said, “Good insights. I’m impressed. But I’ll let you in on a little secret. I don’t consider I’ve done anything particularly imaginative or creative in my life. I stick to simple, riskaverse basics. You know who Vince Lombardi was?”

  “I’m from Minnesota. Our state seal has an image of the Packers kicking the Vikings’ asses.”

  Milner smiled. “I’m like Lombardi’s Green Bay Packers. We come up to the line and crouch in position for an end sweep. The defense knows it’s probably an end sweep because it’s second and seven, and, besides, Lombardi’s only got ten plays in his playbook anyhow. Whattaya think we do?”

  “Throw an eight-yard pass to the opposite sideline.”

  “End sweep, perfectly done. Seven yards every time. Nothing exotic, just basic execution.”

  Richard wanted to ask him if this “aw shucks” routine disarmed CEOs whose companies he was trying to take over, but settled for: “Good story. Works for me.”

  Milner put his elbow on the end table, cupped a big hand over his mouth. Richard could see him smiling with his eyes, apparently thinking. He remained silent, then: “Are you new?”

  “So new I’m not even here.”

  Milner scrunched his eyebrows like he was puzzled.

  “I’m waiting here for an interview,” Richard said. Milner smiled with his eyes, his hand over his mouth again. “I think the guy who was supposed to meet you was just called away.”

  “Well, then you stepped in and did the job. You got my vote.” He stood up and held out his hand, a big smile on his face. Richard got up and shook hands with him again. “Welcome to the firm, Richard,” Milner said.

 

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