The Caesars Palace Coup: How A Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street
$17.89
Description
Book Synopsis: It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards. In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress.
On one side: relentless financial engineers Marc Rowan, David Sambur, and David Bonderman with their teams at Apollo Global Management and TPG Capital. On the other: superstar distressed debt investors Dave Miller and Ryan Mollett with their cohorts at the likes of Elliott Management, Oaktree Capital, and Appaloosa Management.
The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG―in the midst of the post-Great Recession slump―had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars' hedge fund lenders and bondholders had scooped up the company's paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs―if they could just stop their own infighting.
These modern financiers now dominate the scene in Corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society―and even each other. In The Caesars Palace Coup, financial journalists Max Frumes and Sujeet Indap illuminate the brutal tactics of distressed debt mavens―vultures, as they are condemned―in the sale and purchase of even the biggest companies in the world with billions of dollars hanging in the balance.
Details
Discover the gripping story behind the most ruthless corporate restructuring in Wall Street history with the thrilling book, "The Caesars Palace Coup: How A Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street." Uncover the dramatic battle between brilliant private equity legends and relentless hedge fund wizards that unfolded from the Vegas Strip to Manhattan boardrooms and even the halls of Congress. This captivating read, reminiscent of "Barbarians at the Gate" and "The Big Short," sheds light on the high-stakes poker game played by financial giants in their pursuit of power and fortune.
Step into the shoes of financial engineers Marc Rowan, David Sambur, and David Bonderman from Apollo Global Management and TPG Capital as they go head-to-head with superstar distressed debt investors Dave Miller and Ryan Mollett, backed by Elliott Management, Oaktree Capital, and Appaloosa Management. Witness their relentless pursuit of dominance and the lengths they are willing to go to reclaim what they believe rightfully belongs to them, no matter the cost.
The Caesars bankruptcy saga takes an unexpected twist, turning the traditional casino heist on its head. With a $27 billion leveraged buyout and a series of complex financial transactions, Apollo and TPG seemingly control everything, except Caesars Palace. However, hedge fund lenders and bondholders, armed with their own armies of lawyers and bankers, have quietly acquired the company's assets for next to nothing. Their mission: to take back what they believe is rightfully theirs, unleashing a power struggle that will send shockwaves through Corporate America and beyond.
In the insightful pages of "The Caesars Palace Coup," acclaimed financial journalists Max Frumes and Sujeet Indap shed light on the cutthroat tactics of distressed debt mavens, who are often referred to as vultures, in the high-stakes world of multinational business. Brace yourself for a rollercoaster of emotions as billions of dollars hang in the balance and the fight-to-the-death mentality of these modern financiers continues to astound workers, politicians, and society at large.
Embark on this thrilling journey into the heart of Wall Street's most intense battle for control and wealth. Purchase your copy of "The Caesars Palace Coup" today and witness the power and greed that shape the world's largest financial centers. Click here to get your hands on this gripping book.
Discover More Best Sellers in True Crime
Shop True Crime
Killers of the Flower Moon: The Osage Murders and the Birth of the FBI
$19.26


The Five: The Untold Lives of the Women Killed by Jack the Ripper
$14.99


When a Killer Calls: A Haunting Story of Murder, Criminal Profiling, and Justice in a Small Town
$22.04


The Feather Thief: Beauty, Obsession, and the Natural History Heist of the Century
$20.25


The Devil in the White City: Murder, Magic, and Madness at the Fair That Changed America
$9.41


Blackbeard: America's Most Notorious Pirate
$26.64


American Demon: Eliot Ness and the Hunt for America's Jack the Ripper
$16.94


$11.97
