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BUSINESS BOOKS
Posted in Business (Tuesday, October 7, 2008)
Written by Jennet Conant. By Simon & Schuster.
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5 comments about Tuxedo Park : A Wall Street Tycoon and the Secret Palace of Science That Changed the Course of World War II.
- Alfred Loomis was a bona fide "Wall Street tycoon" who made his fortune in the 1920s by helping to organize the financing for the electrification of America and had the foresight to sell out before the stock market crash in 1929. Thereafter, he became an amateur scientist who cultivated the best and the brightest in the scientific world and maintained a laboratory complex in an enclave of the wealthy named Tuxedo Park.
As the Second World War approached our shores, this activity became increasingly urgent - no longer the indulgence of a rich and brilliant man's fancy, but a matter of great national importance. The die was cast when Loomis's older cousin and long-time mentor, Henry Stimson, was appointed by President Roosevelt as Secretary of War.
Loomis assumed responsibility for a newly created laboratory at MIT that developed sophisticated new radar systems (building on work that had been done in England) at breakneck speed that played a vital role in winning the war. He also supported the atomic bomb program, in this case acting as a collaborator with and expediter for the people directly responsible.
It would be hard to imagine a more vivid account of the key people in this saga, the challenges they faced (including getting around bureaucratic budget rules and overcoming irrational objections), and their inestimable contribution to our country's victory. They weren't perfect human beings, and their accomplishments would leave the world with many new problems. Still, we can and should be proud and inspired by the things that they accomplished.
Do our leaders today have the same knack for figuring out the things that need to be done and going after them? One wonders, given the long-term gridlock that has developed around many key technical issues such as building new refineries in the United States, developing untapped oil and gas reserves in Alaska and offshore areas, and even getting clearance to deepen the shipping channel in the Delaware River from 40 to 45 feet.
Why are U.S., firms racing to "outsource" their manufacturing operations to China, India, etc.? The answer is not hard to figure out, and the long-term consequences will not be to our liking.
- Chances are you have never heard of Alfred Loomis before this book but you will not forget him once you have read it. This man is truly one of the most influential people in US history. A modern day renaissance man who made millions in the stock market before 1929 and was a genius scientist who developed modern radar technology. He established a lab at Tuxedo Park where he hosted scientists who would work on a variety of projects. While he was not directly connected to the Manhattan project many of the things worked on at his lab were eventually essential for the project. He worked closely with Vannavear Bush to bring over radar technology that would be invaluable for both sub hunting and eventually air defense in World War 2. This scientist even left his mark in World War 1 helping to develop new ways to fire artillery. If you want an interesting story this is the book for you.
- Having been a Radarman in the Vietnam War, I found the gensis of radar and the man responsible for it and many other things in life. Albert Loomis was a giant in the first half of the 20th Century and under the radar. He may have been bigger in the first half of the century than Bill Gates was in the second half. But, you won't know why until you read the book and understand the magnitude of his impact on America and the World then and now.
- Being a very big history buff, I was shocked to find out about the little-known contribution of a single patriotic individual that totally changed the progress of the war. This book is a must read for all! Extremely well written to entice the reader and present the facts; personal as well as historical.
- This book truly occupied my mind from an era that I lived through. I have recommended this book to a number of friends. Well done and a story that is truly amazing.
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Posted in Business (Tuesday, October 7, 2008)
Written by William F. Buckley. By Regnery Publishing, Inc..
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5 comments about God and Man at Yale.
- It was an honor to read God and Man at Yale, by William Buckley, Jr. In his book, Mr. Buckley writes (in his incredible prose that is unmatched by any other political pundit around) that the 1950s Yale has reached a turning point: it can continue to move towards secularism and socialism, and ultimately work against the public good, or it can choose to proselytize the virtues of individualism and spiritualism (the Christian sort, according to Buckley).
Buckley argues that Yale should stand for something. Skepticism is not a worthy virtue if it does not arrive at a conclusion. Skepticism should be in furtherance of conviction, Buckley argues, rather than skepticism for skepticism sakes. This is a departure from the Socratic method, where the entire purpose is proving how little we know, never arriving at a point or conclusion.
Buckley is perhaps the modern architect of a conversation revolution that has been growing over the last forty years. Some of the theoretical prescriptions that Buckley has outlined have not been proven to be successful over time. Buckley urges Yale alumni to withhold providing support to the university so long as it continues to advance secularism and collectivism. This may well have modified the behavior of the administration at the edges, but it certainly has not changed the foundation of the modern university, let alone Yale. Yale is now at the epicenter of liberalism, spewing as much liberalism as a modern Berkeley classroom. It is arguable that most Yale alumni do not care about the values that Buckley had preached, and if this is so, Buckley is still vindicated since he argued that Yale alumni should simply investigate to determine if the university is furthering values that run counter to their own.
It does make sense, though, that a university should not be a hot bed of crazy ideas simply to allow students the chance to make the right decisions as to what is the public good. Some causes are, simply put, not part of the public good - such as Nazis and socialism. Under Buckley's system, which I would support, the alumni of Yale (and most other universities) should withhold contributing to the university unless they fire communist and socialistic professors, especially those teaching classes such as Marxism, which gives students an unrealistically positive impression of Marx, as well as economics, where modern economic principles are likely to be slammed in favor of socialistic economic principles. This is one of the best books that I have read criticizing the malaise in academia.
- With all due respect to Mr. Buckley's respect for his religion, Catholicism, the revelation to me is that scholarly steeples at Yale apparently affect persons differently. Some see them as hallowed, others as mere obstacles to hurdle in pursuit of what are often portrayed as lofty ideals within the context of Godly acceptance. For most people those ideals do not easily include pedophilia, but when I once read a "scholarly" paper from the 1960's that defended the practice (though typically moreso in an effort to reconicile the dilemma), it became clear to me that God is not a universal perception at Yale, nor is humankind. Trying to appreciate the scholarship and insightful method of choosing so brave a topic during that period, I still found it hard to accept that anyone - well educated - could justify or minimize the harm done to an innocent. Today, in 2005 my opinions are unchanged, and in fact, perhaps are far more biased for learning of the extent to which Catholicism allowed such acts to become what could only be called a universal norm. The Biblical passage that comes to mind is one well known by most Christian, and the shorted in the Bible, it is said. "Jesus wept." This is the logic most expect from the quality of Yale regardless of how well written or scholarly it is done if Christianity is the objective.
- What can one say of "God And Man At Yale" that has not already been said? (There must be something, otherwise, why should I start this review?) It is a classic in Conservative thinking, a primer for civilized debate, and a template for structured reasoning. This book came at the forefront of a wave of the new American Conservatism, which seemed like the last dying gasps of the old American conservatism when it initially arrived on the scene in 1951.
Shortly following Buckley's cajoling of Yale, Goldwater ran for President, Phylliss Schlafly battled feminist tyrants and Reagan was swept into office as a result of it all. A whole world of conservative thinkers and pundits found a waiting fan-base, one that Buckley gently "broke in" for all of us.
OK, so that is the history... but what of the book?
Certainly, the names of the then teachers, professors and administrators that Buckley took to task are irrelevant and so is the course load descriptions this far removed from the days of "God and Man Af Yale". But the central argument has, if anything, gotten more acutely realized. That religion, economics and American exceptionalism is anathema to the properly arranged University professor is nearly accepted as axiomatic by everyone on both sides of the issue these days, 50 years after the book was first published. Few argue the point as they attempted to do in the name of "fairness" in Buckley's days at Yale.
But, I will show here a quote from the book that shows Buckley's prescience: "I myself believe that the duel between Christianity and atheism is the most important in the world. I further believe that the struggle between individualism and collectivism is the same struggle reproduced on another level. I believe that if and when the menace of Communism is gone, other vital battles, at present subordinated, will emerge to the foreground."
And that is just where we stand today. Certainly the struggle against Islamofascism is an important one, but we are seeing the University embattled by conservative students and parents more each day in the post Communist world, now that we have the luxury to do so. Communism is on the down turn and we now have the energy to address the sorry state of affairs in American education- as well as the tools with the internet. The building disgust about leftists in the Universities is palpable and growing. We are edging ever more toward "doing something" about it all at long last. Buckley should be excited about the immediate future for the turn around of American education.
Also, this book is a great example on how to structure an argument. Using this book as a template would do any debater well.
Thanks, Mr. Buckley. You have inspired many of us.
- Implicit in a democracy is the free conversation of ideas. Ideas compete with each other for acceptance by individuals, society as a whole and institutions. One of these institutions is the University. Should the University form the argument or do the professors independently make arguments quite independent what the alumni or University president wants made. Does a University organize around a certain concept or school of thought. Does the University President and trustees form the bases of the argument or do they blindly hire people of a certain criteria and let the pieces fall where they will.
William F. Buckley forms the argument that Yale University of the late 1940's and early 1950's has a school of thought about economics, religion, and society that are not consistent with the values and goals of the alumni of the period the book was written. To be sure the University President claims the values taught at Yale were quite by accident protecting the higher value of academic freedom.
William F. Buckley goes into some detail about how religion and Christianity is expressed by various faculty who teach to the none theological student. One Professor agressively makes theoutdatedness of Christianity with apologetic type arguments, but mostly through characterization. While a Chrisian professor makes some apologetical arguments and careful not to be offensive to the none Christians. The author also goes into some great detail about the social studies department.
William F. Buckley evaluates the economic training at Yale. The role of private enterprize and government in producing and distributing wealth. The author further explains that emphasis on the govermental role and wealth redistribution effect the political thought and occupational goals of the student and recent graduate of the University. He further believes a large portion of the alumni and parents of the student would not be comfortable with what is taught at the University.
- First of all, I read an older edition of Buckley's book, but I assume the two are very close. In "God and Man at Yale", Buckley concentrates on how Christianity, individualism, and capitalism are looked at by different professors and textbooks. He feels that these beliefs and values are largely either underrepresented or outright attacked. I found Buckley's comments on individual teachers to often be quite interesting though these men are almost certainly retired or dead now. The discussion on economics textbooks was generally drier than the rest of the book, but someone who enjoys the topic may find it very interesting. Buckley's solutions to the problem make me a little uncomfortable though I feel some of those opposed to Buckley's ideals go pretty far themselves. In truth, conservatives will probably enjoy the book while liberals probably wont. I would recommend it to those interested in 1950s education, how students are influenced by what they learn, and probably to William Buckley fans (this is the first book I read by him so I admittedly wouldn't be the best person to judge in that department). Overall, it was an interesting read.
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Posted in Business (Tuesday, October 7, 2008)
Written by Ben R. Rich and Leo Janos. By Back Bay Books.
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5 comments about Skunk Works: A Personal Memoir of My Years of Lockheed.
- You can't put this book down ... one of those ones that you end up reading until 3am.
You can see by the way this book was written i.e. logical, pragmatic, practical, humourous ... what the inhabitants of the skunkworks are really like, and why the organisation was/is so effective.
Thoroughly recommend this book to anyone.
- Why can't Hollywood make a movie out of this? Wait, I take it back. They'd probably turn the Rich and Kelly relationship into an affair, and throw in some cliche ridiculousness about how white, rich guys are evil.
That being said, WHAT A GREAT BOOK! This is wonderful tale of how a group of men with wonderful leadership did what it took to be the best while ignoring all the bureaucratic roadblocks. They really show what it takes to be on the cutting edge. On time, below budget, and meeting specifications. Some do their best to imitate the Skunk Works model, but few understand the philosophy of this men: rational egoism.
- If you like information on this subject (jets, stealth, SR71)then this book is for you. I couldn't put this book down because I was facinated by the content, engrossed by the narrative, and just totally sucked in. Formerly Top Secret projects and happenings are revealed in such a entertaining and non technical way, that anyone can understand and enjoy this entire book. Also, this book has great insights into innovation and business management. I really think this is the best book I've ever read, and I'm buying a copy for my boss.
- This book is very much of its time, and has to be regarded as such. I was forced to read this for work by an over zealous client. I gritted my teeth to the end. Yes, on one level it is fascinating as a piece of history. Even I quite enjoyed the history of the U2 and Blackbird, which I vaguely remember from newspapers in my youth. But as a chronicle of social mores, it made my toes curl. Unfortunately, as a female of mid years clinging to the corporate ladder, I still remember when the kind of casual misogeny portrayed here was the norm not the exception. Can't say I miss 'the good 'ol days' one bit. The interchangeable wives and sophomoric giggling over the pin ups?
It isn't even very well written.
I have to read 'Patton on Leadership' next. Time to look for a new job maybe?
- This book is based as an (auto)biography of Ben Rich the boss of the legendary Lockheed "Skunkworks". It is a lot more than that however with an overview of secret 'black-ops' of the cold war period. The development of the U2 and SR-71 as well as an in depth introduction to the F117 Stealth fighter make this a must have book for the technophile. But it is more than that, there are great snippets from 'other voices' such as engineers, pilots and even the military have their say about the Skunk works and in particular its enigmatic founder Clarence "Kelly" Johnson.
This book does not have a lot of personal details about Ben Rich but concentrates on the three main aircraft that the Skunk works are famous for and allows an insight to military-private sector relationships that is hard to find in other books.
My only criticism is the end chapter on how to make things better for the industry which seems a little 'tacked on' to try and give the book a point and this could have been done throughout the previous chapters in a better constructed manner.
Apart from that it is a good book and due to the co-authorship of Leo Janos (who co-wrote the Chuck Yaeger autobiography) it is very readable and an interesting addition to military history of the cold war.
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Posted in Business (Tuesday, October 7, 2008)
Written by Eugene O'Kelly. By McGraw-Hill.
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3 comments about Chasing Daylight: How My Forthcoming Death Transformed My Life.
- This is an excellant book which we coulde all learn from on bring all our relationship to victory.
- There is a peacefulness and great joy in this heartwarming story of fully living life even in the face of death. I am grateful for having had the experience of reading it and for the reminders of how to live life with gusto.
- I found this book to be inspirational. I also found it to be painful to read. The author faces his own iminent death and does so with great dignity. There are great lessons to be learned but it is nonetheless a difficult topic and a difficult read.
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Posted in Business (Tuesday, October 7, 2008)
Written by Jack Welch and John A. Byrne. By Business Plus.
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5 comments about Jack: Straight from the Gut.
- Jack Welch's life has been about excellence, winning....and having fun. His autobiography, "Jack: Straight From the Gut", tells how he rose from small town roots to become CEO of General Electric, arguably the greatest corporation in America and the world at the end of the 20th Century. During his life's journey, Welch accomplished more than most ever dream of. He earned a Ph.D. in chemical engineering by the age of 25. During his 20 year tenure as head of GE, company revenues soared from $27 billion in 1981 to $130 billion in 2001. GE's annual growth rate averaged 18.9 percent during this period, and its stock rose a staggering 3,098 percent.
Without any formal management training, Welch worked his way up from "process development specialist" in 1960 to CEO of GE in 1981. His management secret? Welch attributes his success in life and business to living the lessons his mother drilled into him during his youth. She taught him early that he had better face the facts of any tough situation if he was to succeed: "Don't kid yourself. It is the way it is." she would tell him repeatedly. "Grace Welch taught me the value of competition, just as she taught me the pleasure of winning and the need to take defeat in stride,"... "If I have any leadership style, a way of getting the best out of people, I owe it to her," Welch writes.
And getting the best out of people, himself included, is what Jack Welch did best. He was such a great manager largely because he focused on bringing out the best in his employees, making GE into a "people factory". He knew that a business cannot afford to be soft-hearted when it comes to grading and rewarding, or punishing, employees based upon their performance. He knew that the value of a business is primarily the talents, skills, and knowledge of its people. Under Jack Welch, GE changed from bureaucracy to meritocracy - focused on grading its people, rewarding the best, encouraging the middle, and getting rid of the rest. As he writes: "Performance management has been part of everyone's life from the first grade. It starts in grade school with advanced placement. Differentiation applies to football teams, cheerleading squads, and honor societies....There's differentiation for all of us in our first 20 years. Why should it stop in the workplace, where most of our waking hours are spent?"
Welch characterized the traits that made him successful and that he sought in others as "The Four E's": 1. Energy of personality, 2. the Enthusiasm to communicate that energy to others, 3. the Edge to make tough decisions, and 4. the Execution to see those decisions implemented. The Four E's were connected by the "Big P: Passion". Welch's integrity to this vision of employee excellence is seen repeatedly in the book when he promotes unrecognized and unrewarded employees because he saw the four E's and big P in them, where others did not. Most of these individuals went on to become successful upper managers at GE and even CEO's of other large corporations.
Whether being blasted in the media as "Neutron Jack" for laying off thousands of employees while building a state-of-the-art management training center, or executing the buyout of other companies, such as RCA with its NBC network, or implementing a system to share best practices among GE companies world-wide (a concept he termed "boundaryless"), Welch dove into each project with seemingly inexhaustible passion and zeal. He brought the same dedication to implementing each company-wide program he initiated: Globalization, Growing Services, Six Sigma, and E-business. Welch loves what he created at GE. The company definitely became his baby - and he was the heart and soul of GE during his time as CEO.
As an autobiography, Jack Straight from the Gut, is a pleasure to read. Welch's A-type, straight talking personality comes through, with the help of co-author John A. Byrne, in a natural, down-to-earth writing style. Jack Welch's rise from small town Irish immigrant roots to chairman of General Electric is one of the most engaging and inspiring business tales you will ever read. Welch is a late Twentieth Century version of Andrew Carnegie: rising to fame and fortune from a humble background. His life is a confirmation of the American virtues of free enterprise system, with its focus on the values of hard work, integrity, ambition and excellence. Jack Welch is a real life Ayn Rand business hero. Like Howard Roark or John Galt, he struggled across his career, and despite numerous set-backs, he ultimately rose up to create a life of great achievements. Welch sought excellence in himself and those around him. As a result, he drove GE, its thousands of employees, and the American economy to unprecedented levels of productivity and prosperity.
- Jack Who? People who are in college at this moment might not know the name. Does that really matter? No!
This book is about Jack Welch and his amazing story up the ladder of corporate America. It teaches us about guts, hard work and true dedication. It actually reads like 'Once upon a time in America' featuring Robert de Niro.
As Jack begins his journey with childhood memories, it shows how anyone can achieve great things and have an amazing career. It features hard work and some luck, but most of all the book shows there are no shortcuts. As so many books tell you how you can get that promotion as fast as possible, this story shows no 'dot-com millionaire' or 'america's next top model'. These are all longshots.
If you value a career and are ready to learn from someone who's been there and done that, grab your copy. When you want to succeed in business, it'll take more than just a fancy website... it'll take a lot of guts.
- It's very interesting, entertaining and fun to read the autobiography of Jack Welch, the CEO icon of the 80's and 90's. He's very direct, honest and detailed on his professional life while touching sometimes on his personal one. He explains how hard work, wit and a mix of luck made him the man he has become. It's full of General Electric episodes - the good and the bad - which makes it a very compelling read. I highly recommend it.
- I've met Jack Welch in Pasadena few weeks after the book came out. Jack Welch just confirmed his keen intellect," tough" guy fame but he discussed with passion about Six Sigma, one of initiatives he championed together with globalization and e-business. This book though is not the textbook on Welch Style of Management but is a good inside in some of his thinking and approaches. This book is for those who want to listen to what he wants to say.
- What makes an 'A performer'? Jack's years at GE have seen their share of successes, narrow escapes, and missteps along the way - and it is Jack's treatment of the former that makes this an incredibly insightful book to read. You cannot be right all the time, nor should you expect your peers or subordinates to be, but at the same time, it is your role as a leader to identify and cultivate the best performers continuously. Yes, that means letting go of your bottom 10%, every year.
Aside from being an inspiring and educational read, the book also offers a rare glimpse of the corporate growth strategies and acquisitions made by GE - a side of corporate America that is rarely covered and poorly understood outside of the top financial circles.
Highly recommended for any entrepreneur and business owner out there. (Yes, the lessons apply outside of multi-billion dollar corporate context.)
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Posted in Business (Tuesday, October 7, 2008)
Written by Ben Mezrich. By Harper Perennial.
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5 comments about Rigged: The True Story of an Ivy League Kid Who Changed the World of Oil, from Wall Street to Dubai (P.S.).
- Mezrich books have been fun in the past, blackjack etc. and I really enjoyed Ugly Americans. However, this book is one dimensional with the minus of exaggerated dramatic situations. I cannot complain too much as I read it in a day, definitely fast paced, but I kept waiting for something cooler or more interesting to happen, which never did. To save you the time; Ivy league Kid gets job at the MERC in NY, UAE is figuring out how to position themselves for the future as a tiny middle eastern country and want to set up oil exchange in Dubai, NY Kid goes to Dubai and helps set up mid east oil mercantile exchange. Woulda been a good magazine article. Anyways I cannot recommend this book. "Bringing Down the House" and "Ugly Americans" were definitely much more interesting.
- Ben Mezrich is the saddest excuse for a non-fiction writer/journalist there is out there. I only bought this book on a flight back the Middle East where I am currently stationed. I've been to Dubai, and I can tell you right now that Ben Mezrich is only regurgitating what he's read or dreamed about. Yes, Dubai is up and coming, but at the same time its truly is overrated. As far as his knowledge of the MERC, I could have learned that reading the Journal. Ben needs to go get laid or something, the way he talks about women in his books "Bringing Down the House" and this book, "Rigged" just shows you that he lives in a fantasy world. I guess what really blows me away is how the book never gets a hold of your attention. What was the fu**ing point of this book? Bottom line here is this; if you have time and money to waste, you like to read poorly written works, and you live in a fantasy world then buy it. If not, leave it on the shelf and don't give Mezrich any more reason to think that he should write another book.
- Even as a novel, it is not that well written. Mr. Mezrich is brilliant in selecting interesting topics to write about, but not brilliant enough to deliver.
After reading this book, you will gain no insight in the trading and oil businesses. Spend your time on some other more worthwhile books.
- A page turning book about a 25 year old guy from Harvard Business School who goes to work on the New York mercantile exchange trading oil. The book details his young and fast paced life, including the money, women, and exotic travel he encounters along the way. It takes you along in his journeys back and forth to Dubai (as part of an attempt to open an energy exchange there) and the opulence he encounters while there. I was fascinated by the authors accounts of the city, and it enabled me to paint a more complete picture of what has become a booming international destination.
If you like this book, you might also enjoy The Wolf of Wall Street, which is in the same genre but arguably somewhat better written.
- I picked up this book hoping it might be something on the order of "Liars Poker" or "Barbarians at the Gates" or "The Pay Pal Wars," books that imparted huge amounts of information about the businesses that they covered. Boy, was I ever disappointed.
Mezrich's characters are suitable for comic books, the business concepts he imparts are perhaps the level that would be explained to fourth-graders on a field trip, and the plot is close to non-existent. I'd say his writing is boring but it seldom rises to that level.
I trade futures and FOREX, so I know a bit about markets and finance. Most of the narrative-type business books I have read give me at least one or two important pieces of information about the business itself. What Mezrich imparts about the Merc can be put into a one-page pamphlet.
I was most of the way through this piece of dreck when I realized what the point of this book was-- Mezrich is hoping to land a movie script. He tried to write it simple and shallow enough for Hollywood mogels to understand, and he tried to incorporate glitz and money and sex.
Save your money, save your time-- skip this book. Mr. C.S.
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Posted in Business (Tuesday, October 7, 2008)
Written by Robert A. Caro. By Vintage.
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5 comments about The Power Broker: Robert Moses and the Fall of New York.
- Robert Caro's biography reads like an extraordinary work of investigative journalism - damning, erudite and compelling - that surely would have been appreciated by Robert Moses had he not been the subject.
It is a fascinating study of the evolution of government in New York City and Robert Moses' ability to shape laws as the "best bill drafter in Albany" and to seize upon prevailing trends and work the levers of the City, State and Federal governments to his advantage. It is during the Great Depression when Moses is able to mobilize maximum resources, largely from the Federal government, for some of his most ambitious projects.
While at most times a scathing indictment of Moses and his methods, Caro does credit Moses - New York City's first Parks Commissioner - for his contributions to green spaces in the city and his creation of a premier state park system.
Caro insists that judgment about Moses' legacy is premature and that one can only say New York would be a very different place without Moses. New York was indeed a very different place at the time of publication of the Power Broker; Caro has recently commented that some of Moses projects, such as the Triborough Bridge, have been a boon for city residents. Although he never cared for mass transit, it's a shame Moses couldn't come back to start work on the stalled new Penn Station.
- I have been waiting to read this book for a very long time, and the wait was well worth it. Mr. Caro presents a massive, well-researched piece on one of New York's most influential (and controversial) public officials. I am a sucker for great detail, and so I enjoyed Caro's painstakingly detailed portrait of how a young, idealistic reformer evolved into the ruler of a huge bureaucratic empire. What Caro makes very clear is how Robert Moses became so corrupted by power (and self-importance) that he failed to grasp how his projects were not always in the public interest. Moreover, Caro paints a vivid picture of Moses' cynicism and shrewdness, and how he parlayed those into greater and greater power. For instance, Moses realized that most state legislators were political hacks who never bothered to read the fine print of the laws that they passed. He played on this to insert such fine print into legislation which made him virtual Tsar of development in both New York State and New York City. In addition, Moses was able to convince most New York politicians that he was indispensable to them, and so had them virtually eating out of his hand (i.e., his tactic of threatening to resign, unless he got 100% of what he wanted). At once fascinating and frightening as to how one man could harness such a degree of power!
While Robert Moses' achievements are the main focus of this book, Mr. Caro also devotes a great deal of attention to the political situation that existed in New York during the era of Moses. In doing this, he gives readers a fine education on how New York and its municipalities were governed at that time (and in many ways, are still governed), along with an in-depth look at other contemporary political figures (i.e., Al Smith and Fiorello LaGuardia). I would equate reading this book with taking a college-level course, as you learn and think so much while reading it.
On a critical note, not all of Mr. Caro's conclusions about Robert Moses are universally accepted. For instance, Mr. Caro accuses Moses of single-handedly wrecking the Bronx with the Cross Bronx Expressway. However, many people have argued that this was only one of many factors that destroyed the Bronx, and not all of these things were brought by Moses. Perhaps Mr. Caro should have given space to opposing viewpoints regarding the Moses legacy. Overall, though, I think that it is a great book: required reading for anyone interested in the development of New York during the 20th century.
- This book, written by Robert Caro - probably the best living biographer, was his first book. It is a massive, thorough, detailed, engaging study of how one man - Robert Moses - planned, shaped and built - the modern city of New York.
It is about the acquisition of power and its utilization by one man in order to bring his vision of New York City to fruition.
Robert Moses - the primary subject of the book - together with the notion of power, and New York City itself as well as its residents being the other subjects - was trained in urban planning England, was a visionary, a planner, and a "Power Broker" - and thus the title, whose materials where New York City, planned, designed, built modern New York by stamping his vision in the form of new parks, spaces, roads and parkways, new neighborhoods, new subways/rail-lines, new beach and recreational facilities and areas, had an impact on the way millions of New Yorkers as well as visitors to NYC experienced NYC - experienced NYC - for decades. His shape of NYC is still shaping how humans experience reality in such city.
This is a tour de force. This is a good book for those interested in New York City, local and state government politics, the modern bureaucratic / administrative aparatus of government and those who wield the helm. Whether you agree with Robert Moses vision of NYC or not, he had a tremendous impact. The impact was not limited to NYC. Seen as the expert on urban planning, his model, his vision, his views, spread throughout the entire field of modern urban planning. Thus, his impact is not just local or state. It is in fact national and international. Modern cities - the leadership of which visited or modeled their cities on NYC - where shaped by his creations.
A long book. A detailed book. A hard book. But excellent, very interesting, and well worth the effort and time. Probably the prime example of what an excellent biography is and should be. It made Robert Caro, its author, into the preeminent biographer of the last several decades. It set the standard. I don't know if it has or will ever be matched.
- Robert Caro's The Power Broker, a biography of Robert Moses, contains every attribute of a Shakespearean tragedy. Moses was brilliant, driven, an over-achiever, but possessed a deeply flawed character which aroused feelings of both esteem and disgust. Like all of Shakespeare's tragic protagonists, he was capable of both good and evil. Fully able to redeem himself, he instead moved unheedingly towards his doom. That 30+ years of unquestionable power within New York State's political, corporate, and labor elite forestalled this doom speaks to the measure of the man. Indeed, it took a Rockefeller to push him from the mountaintop.
One of the best biographies I've ever read, The Power Broker's 1,163 pages artfully and suspensefully tell the tale of a man for whom the words great and ignominious qualify as adjectives. Initially an ardent reformer, Moses was increasingly corrupted by power. At the apex of this power, Moses answered to no one and ran a wide reaching web of political commissions and public authorities as his personal empire.
His transition from reformer to elitist provides the backbone of Caro's epic. Once a voice for the common man, Moses eventually attained what can only be described as aristocratic contempt for the mob, the rabble, the lower echelon of economic achievement. The reader may marvel that such a powerful man was heretofore unknown to them, but the reader will certainly grow increasingly disenchanted at such a man's venality.
The Power Broker is a classic deserving the attention of every student of history. Despite it's heft, it remains a page turning pleasure throughout. As such, it most assuredly merits the highest ranking I can give it: 5+ stars. Trite though the term may be, Robert Caro has authored a masterpiece.
- Robert Caro's THE POWER BROKER is a lession in the use of power in the life and career of Robert Moses, and the consequent effects upon the people and substructure of New York City. Moses is such a disgusting figure, such a tyrant, that I literally found myself shaking at points. The press was in his pocket, elitest and racist, Moses painted himself as the selfless public servant. In reality, he cast people aside by the thousands in order to increase his power and accomplish what he wants. What a vile man. I'll never look at New York City the same again and I pray that I would never treat people the way he did.
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Posted in Business (Tuesday, October 7, 2008)
Written by Howard Schultz and Dori Jones Yang. By Hyperion.
The regular list price is $15.95.
Sells new for $2.98.
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5 comments about Pour Your Heart into It : How Starbucks Built a Company One Cup at a Time.
- "If you pour your heart into your work, or into any worthy enterprise, you can achieve dreams others may think impossible." ~ Howard Schultz
When Howard Schultz found Starbucks he had a dream of all Starbucks could be. After bringing back ideas from Milan he planned to infuse the company with a new energy. Instead of only selling coffee beans he wanted to open stores that sold espresso. When the owners of Starbucks didn't have the same vision, he opened up his own stores and then purchased Starbucks. The story is compelling and this book is one of the most exciting books on business I've ever read.
"Without the romance of Italian espresso, Starbucks would still be what it was, a beloved local coffee bean store in Seattle." ~ pg. 53
This book explains why franchising is a forbidden word at Starbucks. It also explains how special packaging had to be made to keep the coffee fresh. Stock options and an impressive health-care package also make working for Starbucks a positive experience.
While Howard Schultz's own story is woven into the pages, this book is mostly about the positive steps that were taken to make Starbucks a success. This book will appeal to anyone with an entrepreneurial spirit.
My own experience with Starbucks has been very positive. Once a reporter talked to me on the phone while he was at a Starbucks. My family loves buying Starbucks gift cards and we always make time to go to a Starbucks whenever we get together. It is like a family tradition. Yesterday I was at my local Starbucks drinking a tall chai tea and discovered they had the most delicious vanilla scones with icing. The girl at the counter told me she thought they tasted like sugar cookies and I must agree.
If you are looking for another book about Starbucks, I can
recommend: Starbucks Passion for Coffee
~The Rebecca Review
P.S. The proceeds from this book go to the Starbucks Foundation to support literacy programs.
- I read many company books. This is one of the gems. Howard did a fantastic job in writing the history of Starbucks, its root, its spirit, and its amazing achievement.
There have been many coffee vendors. Starbucks sprinted from the pack. It actually revolutionized the coffee industry. While the business world has been looking for the next new hi-tech inventions, Howard creatively rejuvenated the coffee drinks by relentlessly pursuing the quality the culture and the experience. He did the mission-impossible in such a traditional industry. After reading this book, you will never look at Starbucks the same way. Yes, you realize that passion and quality can make a huge difference in this crowded world.
- I found this book extremely interesting from a business perspective. Would recommend this book to anyone who is starting a business or has an interest in finance. Very inspirational
- I highly recommend this book to all new entrepreneurs and those interested in learning how successful companies are formed. I also know there are alot of people out there who hate Starbucks simply because it exists and succeeded- I challenge you to read this book. The business was created from the ground up by passion and perseverence, and it deserved to succeed, and I hope it continues to succeed for a very long time.
- This book will awaken the hidden passion within. It shows what you can do if you are passionate about something. Quick read and a page turner every step of the way.
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Posted in Business (Tuesday, October 7, 2008)
Written by John Seabrook. By St. Martin's Griffin.
The regular list price is $14.95.
Sells new for $8.83.
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1 comments about Flash of Genius: And Other True Stories of Invention.
- I love books like these that show how regular people can create amazing gadgets. I grew up seeing my Dad fashion problem solving devices from junk in the basement. I can't get enough of books like these. I already bought and read Gadget Nation Gadget Nation: A Journey Through the Eccentric World of Invention a similar book, but a little funnier because it showcased quirky gadgets. I ended up buying a couple from the store at http://GadgetNation.net/store. Hope that helps. ;)
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Posted in Business (Tuesday, October 7, 2008)
Written by Jordan Belfort. By Bantam.
The regular list price is $14.00.
Sells new for $7.74.
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5 comments about The Wolf of Wall Street.
- Some people are complaining about it not being more detailed about his deals and his rise to the top. well if you looked in the back of the book you would realized that there will be a second book. It was a great change of pace book. I thought it was very exciting. Some of it was so insane you almost couldnt believe it. I think the people that are saying this book was bad were expecting something completely different. I enjoyed the book and look forward to reading the next one.
- The even split between 1-start and 5-star reviews is very telling - you'll either love it or hate it, there seems to be very few in between. In short, the book is an over the top, fast paced, recount of non-stop drug abuse, sex, money laundering schemes, and stock manipulation. About halfway through the book I had to go online to confirm that this is, in fact, a non-fiction work - it reads more like a thriller.
If you're looking for stock market know-how, this is not the book that will teach you that, albeit the "chop stock" machinations on top of which Belfort built his empire are definitely an interesting historical artifact. Instead, this is a great tale of the lifestyle of the "rich and dysfunctional".
If you suspend your sense of reality, it is actually a quiet engaging book. Albeit personally, I am still shell-shocked from the thought that Belfort has lived and survived through all this.
- If you loved Wall Street (the movie) and its cousins; loved Bonfire of the Vanities, American Psycho etc.; appreciate a good "bad man turns good" redemption story (but with plenty of full gorilla sick guy behavior before the redemption), you will love this book. I bought it and read the entire thing in one sitting. Jordan, if you're reading this review, the last few chapters brought me to tears. I am familiar with AA, drug addiction/Alcohol addiction and your 'voice" was both hilarious and endearing. I congratulate you. I am looking forward to your (hopefully) long writing career!
- I actually worked for this company for about a month in the Bethesda, MD office in the summer of '93 and always swore the movie Boiler Room was modeled after this place. The parking lot was a car show with Lamborghini's, Ferrari's, Porsche's, etc. All they would talk about was the movie Wall Street. I made $200 a week to make cold calls from first thing in the morning until 8 at night. They wanted you to get 10 solid leads a day for your broker and they would close the deal after you qualified the client and found out how much they were working with in the market. If they didn't have $100k then you basically hung up on them. Really sad. Wasn't my cup of tea and to actually find out it was most likely the story Boiler Room was based on is just so bizarre. I would run into old coworkers and we would say the exact same thing about the irony between the movie and the company. I am glad that I wasn't a part of it as I couldn't get a lead to save my life since I hate cold calling.
- I was surprised at how good this book was...it was exceptionally funny from start to finish and if you liked the movie Wall Street ("Greed is Good") and the book Liars Poker, you will love this book! This is definitely one of my Top 10 books ever read...considering what that guy has been through, it makes my (sometimes near death) life and financial experiences seem humorous! Great book to read on your holiday or during your run on treadmill in the corporate rat race!!! (Jordan - Thanks)
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Tuxedo Park : A Wall Street Tycoon and the Secret Palace of Science That Changed the Course of World War II
God and Man at Yale
Skunk Works: A Personal Memoir of My Years of Lockheed
Chasing Daylight: How My Forthcoming Death Transformed My Life
Jack: Straight from the Gut
Rigged: The True Story of an Ivy League Kid Who Changed the World of Oil, from Wall Street to Dubai (P.S.)
The Power Broker: Robert Moses and the Fall of New York
Pour Your Heart into It : How Starbucks Built a Company One Cup at a Time
Flash of Genius: And Other True Stories of Invention
The Wolf of Wall Street
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