by John Brooks
Piggly Wiggly Stores, 64
Pittsburgh Plate Glass, 42
Plohn, Charles, 184, 281
Plohn (Charles) and Company, 324, 325, 350
Polaroid, 27, 135, 139, 145, 184, 305
Politics: I.T.T. and, 178–80; Wall Street and, 111–12
Pool operators, 5. See also Portfolio managers
Portfolio managers, 5, 102, 113
Pressprich (R. W.) and Company, 17, 18, 19, 23
Price-to-earnings ratio, 157, 172–73
Princeton University, 121
Privileged information, see Insider trading
Project Redeployment, 166
Protestants on Wall Street, 114–16
Prudential Insurance, 301
Putnam, Samuel, 128–29
Quaker Oats, 42
Randell, Cortes Wesley, 280–85
Rapid-American Corporation, 168, 169, 174, 303
Rapid Electrotype, 168
Raskob, John, 141
Re, Gerard A., 31, 32–33, 35–37
Re, Gerard F., 31, 32–33, 35–37
Real estate investing, 272–74
Redemption: of mutual funds, 102; of shares, 269
“Redundant capital,” 234
Regan, Donald, 297, 301, 302, 303, 332, 339, 356
Reilly, Joe, 34, 35, 41–42, 46–50
Reinisch, Hans, 292
Reliance Insurance Company, 235–38, 325
“Reminiscences of a Stock Market Operator” (Lefevre), 130
Renchard, William Shryock, 228–31, 238–59
Report on Regulatory Agencies to the President-Elect (Landis), 84
Resorts International, 175, 176, 227
Responsive Environments, 279
Rhodes Enterprises, 71, 73
Riklis, Meshulam, 168–70, 303
RKO-Stanley Warner Theatres, 169
Roberts, A. Addison, 236–38, 250, 252
Robinson and Company, 324–25, 350
Roche, James, 301
Rockefeller, David, 107, 225
Rockefeller, John D., Sr., 293
Rockefeller, Laurance, 255
Rockefeller, Nelson, 253, 255
Rockefeller, Percy, 141
Rohatyn, Felix George, 319–47
Romnes, H. I., 239, 241, 257, 301
Roosa, Robert V., 217
Roosevelt, Franklin D., 83, 105, 111
Roosevelt, James, 271
Ropes and Gray, 129–30
Rossant, M. J., 71, 76
Rubenstein, Serge, 30
Ruberoid, 72–73, 74
Safire, William, 301
St. John, Jill, 276, 278
Salgo, Nicolas, 153
Salinger, Pierre, 273, 348
Salomon Brothers, 263–66
Salomon, William R., 264, 266, 300, 339
Sass, Martin, 211
Sassoon’s Far Eastern Trust, Ltd., 123
Saul, Ralph, 33, 43, 44, 53, 88, 151, 301
Schenley Industries, 169
Schwab, Charles M., 141
Schwabacher and Company, 190
Scudder, Stevens and Clark, 132
Searles, Joseph Louis, III, 209
S.E.C. (Securities and Exchange Commission), 83–84, 162, 187–88, 263; actions of, 32–33, 85–86, 87, 115–16, 269, 276–78; brokerage firms and, 190, 312, 314, 331; Cary and, 82–98; Nixon and, 286–90, 292; reports of, 53, 88, 90–92, 151
Secured demand notes, 313
Securities Acts Amendments of 1964 93–94, 98
Securities Exchange Act of 1934 85–86, 159, 307
Securities Investor Protection Corporation, 342, 350
Security Equity Fund, 140, 212
Seeburg (J. P.) Corporation, 274, 275
Segal, Andrew, 37, 40–54
Seidler, Lee J., 162, 163–64
Sexism on Wall Street, 108–10, 207–8
Shapiro, Max, 305
Shawano Development Corporation, 51
Shearman and Sterling, 73
Shearson Hammill and Company, 208–9
Shooters, see New issues
Shor, Toots, 33
Short sales, 141, 142, 243
Shultz, George, 297
Siebert, Muriel, 208
Silver, David, 43, 45
Simmons, Richard, 253, 254, 256
Sinaiko, A. Arlie, 142
Sipic, 342, 350
Slick Corporation, 174
Smith, Barney, 283
Smith, Ben, 35
South Puerto Rican Sugar, 171
Sparkman, John, 253, 256
Speculation, ethics of, 219–21
Sperry-Rand, 27, 305
Spingarn, Heine, 267
Standard Oil of New Jersey, 305
Stans, Maurice, 301
Stanton, Thomas J., Jr., 241
Stardust Hotel-Casino, 276, 278
State Street Fund, 282
State Street Investing Company, 129
Stayman, Sam, 142
Stein, Howard, 111, 140
Steinberg, Saul Phillip, 228, 231–59, 349, 352
Stock certificates, 193–94, 356
Stock Exchange, see American Stock Exchange; Curb Market; New York Stock Exchange; Toronto Stock Exchange
Stock manipulation, 5, 141, 243, 262, 276–78
Stock market: 1929 crash, 4–6, 291–92, 297, 305–7, 311–12; 1962 collapse, 55–57; 1970 crash, 4–6, 291–310
Stock specialists, 31–32, 38, 93, 96, 263–64
Stock theft, 185, 191, 195
Stock transfer tax, 151
Stockholders, 12–13, 305, 353–55
Stott, Robert L., Jr., 319
Streit, Clarence, 320
Stuckey and Spear, 283
Subordinated loans, 313–14
“Surplus surplus,” 234
Swan-Finch Oil Corporation, 30, 33
Swift, 42
Swisher, Bill, 322
Swope, Herbert Bayard, 141
Syntex, 145
Take-overs, see Mergers
Talley, Madelon, 208
Temco Electronics and Missiles, 166
Tender offers, 160–61
Texaco, Inc., 139, 239
Texas Gulf Sulphur Company, 5, 86, 97, 115, 118
Textron, 152, 153, 155–56
Thompson, Rupert, 153
Thornton, Charles (Tex), 173
Tisch, Laurence, 136, 349
Tobias, Andrew, 280
Toronto-Dominion Bank, 122, 123
Toronto Stock Exchange, 118
Transitron, 27, 261
Trinity Church (New York, N.Y.), 6–9, 218, 222–26
Trujillo, Rafael, 31
Truman, Harry S., 83
Trusts, 128–29, 131
Tsai, Gerald, Jr., 5, 102, 132–40, 145–49, 212, 351–52
Tsai Management and Research, 146–49
Tyson, Robert C., 239, 241, 257
Understanding the Securities Act and the S.E.C. (McCormick), 36
Unemployment, 307–9
United Convalescent Homes, 184, 279
United Dye and Chemical Corporation, 51
University Loudspeakers, 166
University of Chicago, 283
U.S. Steel, 56, 145, 239
U.S. Steel Pension Fund, 120, 121, 124, 125
U.S. Trust Company of New York, 217
Utilities and Industries Corporation, 332
Vanderbilt, Cornelius, 64, 110
Viscoloid Company, 155
Voloshen, Nathan, 277
Wall Street (New York, N.Y.), 5, 9, 11, 106–8; antiwar demonstrations on, 6–10, 214–15, 217, 226; blacks on, 110–11, 208–10; changes on, 355–57; communism on, 111–12; drugs on, 200–4, 226; greening of, 222–26; over-extension of, 183–87; political ideology of, 111–12; social conscience of, 10–11, 12–13; as a social context, 104–6; social revolution on, 206–26; women on, 108–10, 207–8; youth on, 112–13, 195–204, 210–13
Wall Street Ministry, 218–21
“Wall Suite” (play), 225
War, Wall Street and, 10–11, 213–17
Warburg, Paul M., 117
Warner Brothers Seven Arts, 349
Warrants, 161
WASPs on Wall Street, 114–16
Weight Watchers International, 279
Weiss, Peck and Greer, 319
Welch Scientific Company, 28
Welles, Chris, 231
Westergaard, John, 232–33
White Consolidated, 175
White, Weld and Company, 166, 169, 250, 251
Whitney, Richard, 25, 30, 93, 151, 303; as Exchange chairman, 53, 81, 293–94, 300
Whitney (Richard) and Company, 312
Winchell, Walter, 38
Windels, Paul, Jr., 83
Winthrop, Stimson, Putnam and Roberts, 18
Wolfson, Louis E., 155
Women on Wall Street, 108–10, 207–8
Woodhull, Claflin and Company, 110
Woodhull, Victoria Claflin, 110
Woods, George, 85
Woods, Rose, 298
Woodward, Donald R., 6, 8–9, 223
Xerox, 27, 135, 139, 184, 305
Yale Theatre Ensemble, 225
Youth Against War and Fascism, 214–15
Youth on Wall Street, 112–13, 195–204, 210–13
Zeckendorf, William, 106, 107
Zenith, 220
About the Author
John Brooks (1920–1993) was an award-winning writer best known for his contributions to the New Yorker as a financial journalist. He was also the author of ten nonfiction books on business and finance, a number of which were critically acclaimed works examining Wall Street and the corporate world. His books Once in Golconda, The Go-Go Years, and Business Adventures have endured as classics. Although he is remembered primarily for his writings on financial topics, Brooks published three novels and wrote book reviews for Harper’s Magazine and the New York Times Book Review.
All rights reserved, including without limitation the right to reproduce this ebook or any portion thereof in any form or by any means, whether electronic or mechanical, now known or hereinafter invented, without the express written permission of the publisher.
Copyright © 1973, 1999 by John Brooks
Foreword © 1998 by Michael Lewis
Cover design by Andrea Worthington
ISBN 978-1-4976-7910-8
This edition published in 2014 by Open Road Integrated Media, Inc.
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New York, NY 10014
www.openroadmedia.com
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