O'Reilly logo

Bloodsport: When Ruthless Dealmakers, Shrewd Ideologues, and Brawling Lawyers Toppled the Corporate Establishment by Robert Teitelman

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter Three

THE AMBIVALENCE OF FELIX ROHATYN

WALL STREET AFTER depression and war was sleepy, private, controlled by an imperial institution in that neoclassical pile on Broad Street, the New York Stock Exchange. Wall Street’s stone towers and dark, mazelike streets remained, but the crowds had thinned and aged; the great engines of the economy roared elsewhere. New construction had stopped. Volume on the NYSE, the Big Board, was, by both earlier and later standards, low, though slowly growing as the postwar economy boomed. Individual investors traded stock, paying hefty fixed commissions to a flock of brokerage firms, large and small; many investors purchased stock for income in the form of dividends. Buying stocks for their appreciation ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required