"Chapman weaves a fascinating story framed in the history of the times during which Lehman Brothers helped shape financial markets."
In 1844 Henry Lehman arrived in the United States from Germany and, with his brother Emanuel, established a modest cotton brokering firm that would come to be called Lehman Brothers. In 2008 Dick Fuld, the last CEO of Lehman Brothers, filed for corporate bankruptcy amid one of the worst financial crises in American history. After 164 years one of the largest and most respected investment banks in the world was gone, leaving everyone wondering, "How could this have happened?"
Peter Chapman answers this question by examining the history of Lehman from its humble beginnings to its dramatic exit. He offers a sweeping narrative as well as a clear perspective on exactly what caused Lehman to fail. He also paints an intimate portrait of the people who ran it, including Bobbie Lehman, who in the 1920s led the company into the world of radio, motion pictures, and air travel. Chapman shows that, despite its inglorious end, Lehman not only helped shape the face of American finance, but also American life.
In this powerful and gripping book, Peter Chapman shows how the pioneering example of the banana importer United Fruit set the precedent for the institutionalized greed of today's multinational companies. From the business's 19th Century beginnings in the jungles of Costa Rica, via the mass-marketing of the banana as the original fast food, United Fruit's involvement in bloody coups in Guatemala and El Salvador, the mid-1970s and the spectacular suicide on Park Avenue of the company's chairman, from its bullying business practices to its covert links to the US government, United Fruit blazed the trail of global capitalism through the 20th Century. Chapman weaves a dramatic tale of big business, lies and power to show how one company pioneered the growth of globalization and - in doing so - has helped farm the banana to the point of extinction.
In the summer of 1966 Peter Chapman was a naive 18-year-old from the Angel in north London. He was just about to enter the world of work, having flunked his A Levels and recently discovered that he would not be fulfilling his dream of becoming a professional footballer at Leyton Orient. As a young man on the brink of adulthood, he found himself in a country also on the brink of huge change - and about to have one of the most significant sporting successes in its history.
Focused around England's one and only World Cup victory, Out of Time tells the story of that summer - both the football and the country's broader political, social and economic picture - through his 18-year-old eyes, and offers a vivid and beautifully written portrait of what life was like in 1966.