The Caesars Palace Coup


Book Description

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: Apollo Global Management and TPG Capital. On the other: 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.




Palace Coup


Book Description

From exclusive interviews with relatives and close association with the couple, the author writes a biography of real estate billionaires Leona and Harry Helmsley.




The King Never Smiles


Book Description

Thailand's Bhumibol Adulyadej, the only king ever born in the United States, came to the throne of his country in 1946 and is now the world's longest-serving monarch. This book tells the unexpected story of his life and 60-year rule: how a Western-raised boy came to be seen by his people as a living Buddha; and how a king widely seen as beneficent and apolitical could in fact be so deeply political, autocratic, and even brutal. Paul Handley provides an extensively researched, factual account of the king's youth and personal development, ascent to the throne, skilful political maneuverings, and attempt to shape Thailand as a Buddhist kingdom. Blasting apart the widely accepted image of the king as egalitarian and virtuous, Handley convincingly portrays an anti-democratic monarch who, together with allies in big business and the corrupt Thai military, has protected a centuries-old, barely-modified feudal dynasty. When at nineteen Bhumibol assumed the throne after the still-unsolved shooting of his brother, the Thai monarchy had been stripped of power and prestige. Over the ensuing decades, Bhumibol became the paramount political actor in the kingdom, crushing critics while attaining high status among his people. The book details this process and depicts Thailand's unique constitutional monarch in the full light of the facts.




MBS


Book Description

A NEW YORK TIMES EDITORS’ CHOICE • A gripping, behind-the-scenes portrait of the rise of Saudi Arabia’s secretive and mercurial new ruler “Revelatory . . . a vivid portrait of how MBS has altered the kingdom during his half-decade of rule.”—The Washington Post Finalist for the PEN/Jacqueline Bograd Weld Award • ONE OF THE BEST BOOKS OF THE YEAR: Financial Times, Foreign Affairs, Kirkus Reviews MBS is the untold story of how a mysterious young prince emerged from Saudi Arabia’s sprawling royal family to overhaul the economy and society of the richest country in the Middle East—and gather as much power as possible into his own hands. Since his father, King Salman, ascended to the throne in 2015, Mohammed bin Salman has leveraged his influence to restructure the kingdom’s economy, loosen its strict Islamic social codes, and confront its enemies around the region, especially Iran. That vision won him fans at home and on Wall Street, in Silicon Valley, in Hollywood, and at the White House, where President Trump embraced the prince as a key player in his own vision for the Middle East. But over time, the sheen of the visionary young reformer has become tarnished, leaving many struggling to determine whether MBS is in fact a rising dictator whose inexperience and rash decisions are destabilizing the world’s most volatile region. Based on years of reporting and hundreds of interviews, MBS reveals the machinations behind the kingdom’s catastrophic military intervention in Yemen, the bizarre detention of princes and businessmen in the Riyadh Ritz-Carlton, and the shifting Saudi relationships with Israel and the United States. And finally, it sheds new light on the greatest scandal of the young autocrat’s rise: the brutal killing of journalist Jamal Khashoggi by Saudi agents in Istanbul, a crime that shook Saudi Arabia’s relationship with Washington and left the world wondering whether MBS could get away with murder. MBS is a riveting, eye-opening account of how the young prince has wielded vast powers to reshape his kingdom and the world around him. Praise for MBS “Saudi Arabia is testing the extremes of tradition and innovation, of half-baked visions and intensifying repression. Ben Hubbard’s authoritative reporting on the inner sanctums of its society offers a perfect synthesis of journalism and area expertise: the best description we have at the moment of why things happen as they do in the kingdom.”—Robert D. Kaplan, author of The Return of Marco Polo’s World




A Coup in Turkey


Book Description

The most dramatic, revealing and little-known story in Turkey's history - which illuminates the nation 'Through the spellbinding career of a single, ill-fated leader, Jeremy Seal illuminates a bitterly divided country' Colin Thubron 'Read this book if you're interested in Turkey. Read it if you're interested in power, hubris and redemption. Read it' Christopher de Bellaigue, author of The Islamic Enlightenment In the spring of 2016 travel writer Jeremy Seal went to Turkey to investigate perhaps the most dramatic, revealing and little-known episode in the country's history - the 'original' coup of 1960, which deposed the traditionalist Prime Minister Adnan Menderes. The story of Menderes - to his adoring supporters the country's founding democrat; to his sworn enemies its most infamous traitor - goes to the heart of the feud that continues to rage between the Western and secular ambitions of a minority elite and the religious and conservative instincts of the small-town majority. A Coup in Turkey is a thrilling account of the events leading up to the coup and the trials and executions that followed, a story of political subterfuge and score-settling, courtroom drama, state execution, authoritarian intolerance and ideological division. Seal travels through President Erdogan's Turkey, tracking down eye-witness accounts from survivors of the Menderes era in Istanbul, the historic metropolis, and the new capital at Ankara. As he expertly guides us through this extraordinary story, so the compelling parallels between past and present become strikingly clear, and he illuminates this troubled nation with a deep sympathy and love for the people and places he writes about. By focussing on one key event - one which many Turks regard with shame - this evocative, gripping portrait of Turkey recentres our understanding of the past and makes sense of one of Europe's most bewildering yet intriguing neighbours. 'A wonderful writer' Robert Macfarlane




The Colonels' Coup and the American Embassy


Book Description

The so-called Colonels&’ coup of April 21, 1967, was a major event in the history of the Cold War, ushering in a seven-year period of military rule in Greece. In the wake of the coup, some eight thousand people affiliated with the Communist Party were rounded up, and Greece became yet another country where the fear of Communism led the United States into alliance with a repressive right-wing authoritarian regime. In military coups in some other countries, it is known that the CIA and other agencies of the U.S. government played an active role in encouraging and facilitating the takeover. The Colonels&’ coup, however, came as a surprise to the United States (which was expecting a Generals&’ coup instead). Yet the U.S. government accepted it after the fact, despite internal disputes within policymaking circles about the wisdom of accommodating the upstart Papadopoulos regime. Among the dissenters was Robert Keeley, then serving in the U.S. Embassy in Greece. This is his insider&’s account of how U.S. policy was formulated, debated, and implemented during the critical years 1966 to 1969 in Greek-U.S. relations.




Summary of Max Frumes & Sujeet Indap's The Caesars Palace Coup


Book Description

Buy now to get the main key ideas from Max Frumes & Sujeet Indap's The Caesars Palace Coup Caesars Entertainment is one of the largest casino operators in the US. In The Caesars Palace Coup (2021), financial journalists Max Frumes and Sujeet Indap chronicle the high-stakes drama that unfolded during the Caesars bankruptcy case in 2015. They lead readers from the initial debt-laden acquisition of Caesars by private equity firms Apollo and TPG to the financial maneuvering and dramatic showdown in the courtroom over the fate of the company.




The Framers' Coup


Book Description

Americans revere their Constitution. However, most of us are unaware how tumultuous and improbable the drafting and ratification processes were. As Benjamin Franklin keenly observed, any assembly of men bring with them "all their prejudices, their passions, their errors of opinion, their local interests and their selfish views." One need not deny that the Framers had good intentions in order to believe that they also had interests. Based on prodigious research and told largely through the voices of the participants, Michael Klarman's The Framers' Coup narrates how the Framers' clashing interests shaped the Constitution--and American history itself. The Philadelphia convention could easily have been a failure, and the risk of collapse was always present. Had the convention dissolved, any number of adverse outcomes could have resulted, including civil war or a reversion to monarchy. Not only does Klarman capture the knife's-edge atmosphere of the convention, he populates his narrative with riveting and colorful stories: the rebellion of debtor farmers in Massachusetts; George Washington's uncertainty about whether to attend; Gunning Bedford's threat to turn to a European prince if the small states were denied equal representation in the Senate; slave staters' threats to take their marbles and go home if denied representation for their slaves; Hamilton's quasi-monarchist speech to the convention; and Patrick Henry's herculean efforts to defeat the Constitution in Virginia through demagoguery and conspiracy theories. The Framers' Coup is more than a compendium of great stories, however, and the powerful arguments that feature throughout will reshape our understanding of the nation's founding. Simply put, the Constitutional Convention almost didn't happen, and once it happened, it almost failed. And, even after the convention succeeded, the Constitution it produced almost failed to be ratified. Just as importantly, the Constitution was hardly the product of philosophical reflections by brilliant, disinterested statesmen, but rather ordinary interest group politics. Multiple conflicting interests had a say, from creditors and debtors to city dwellers and backwoodsmen. The upper class overwhelmingly supported the Constitution; many working class colonists were more dubious. Slave states and nonslave states had different perspectives on how well the Constitution served their interests. Ultimately, both the Constitution's content and its ratification process raise troubling questions about democratic legitimacy. The Federalists were eager to avoid full-fledged democratic deliberation over the Constitution, and the document that was ratified was stacked in favor of their preferences. And in terms of substance, the Constitution was a significant departure from the more democratic state constitutions of the 1770s. Definitive and authoritative, The Framers' Coup explains why the Framers preferred such a constitution and how they managed to persuade the country to adopt it. We have lived with the consequences, both positive and negative, ever since.




Cable Cowboy


Book Description

An inside look at a cable titan and his industry John Malone, hailed as one of the great unsung heroes of our age by some and reviled by others as a ruthless robber baron, is revealed as a bit of both in Cable Cowboy. For more than twenty-five years, Malone has dominated the cable television industry, shaping the world of entertainment and communications, first with his cable company TCI and later with Liberty Media. Written with Malone's unprecedented cooperation, the engaging narrative brings this controversial capitalist and businessman to life. Cable Cowboy is at once a penetrating portrait of Malone's complex persona, and a captivating history of the cable TV industry. Told in a lively style with exclusive details, the book shows how an unassuming copper strand started as a backwoods antenna service and became the digital nervous system of the U.S., an evolution that gave U.S. consumers the fastest route to the Internet. Cable Cowboy reveals the forces that propelled this pioneer to such great heights, and captures the immovable conviction and quicksilver mind that have defined John Malone throughout his career.




Story of a Death Foretold


Book Description

Presents an account of the short rise and fall of President Salvador Allende, who died of gunshot wounds on September 11, 1973, following the military coup that deposed him.