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

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Chapter Four

MARTY LIPTON AND THE DARK ARTS OF DEFENSE

THERE ARE ASPECTS to Wall Street that the American public, in its best Sunday School outfit, traditionally rejects: greed, flashy wealth, hubris, black limos a-tumble with lovely ladies, an ethos of vulgar self-interest. And there are aspects of Wall Street that the same public, on Saturday night, embraces: greed, flashy wealth, hubris, wealth, those same ladies, and an All-American zeal for self-aggrandizement. Linked to this conflicted view, this ambiguity, is the belief that Wall Streeters, like economists, investors, and gypsy ladies in trailers, can read the future, which swirls around the bottom of a crystal ball—or a glass of Scotch. This atavistic belief justifies wealth, power, ...

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