Macy's for Sale - Hardcover

Barmash, Isadore

 
9781555841393: Macy's for Sale

Synopsis

Presents the inside story of how the CEO of the world's largest store bought the company he worked for, painting a picture of the modern financial world and of the people involved and affected by this transaction

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Reviews

New York Times reporter Barmash ( Welcome to Our Conglomerate . . . You're Fired ) here chronicles one of the more startling management/stockholder transactions in recent financial historythe leveraged buyout of the R. H. Macy retailing concern by a group of company executives under Macy CEO Edward S. Finkelstein. In a lively narrative, Barmash recalls how the Strauss family owners made the department store a New York institution (with holiday fireworks and parades), yielding power eventually to modern business personalities with big ideas. There is plenty of inside information about the world of retailing and boardroom infighting, as the author describes Macy's national expansion and the rise and fall of many management types.
Copyright 1988 Reed Business Information, Inc.

This breezy account of the 1985-86 leveraged buyout of the giant New York department store chain is the product of the New York Times 's business correspondent who covered the process by which Macy's became a privately held corporation. Barmash's story moves awkwardly from a biography of Macy's Chairman Edward Finkelstein to a brief history of the chain, and then to the dealings surrounding the buyout. The narrative is at times rambling and unfocused, almost as if the author had phoned in his story to the rewrite desk reporter, but readers who persist to the end will learn an object lesson in the shabby state of corporate ethics in the 1980s.
- James W. Oberly, Univ. of Wisconsin-Eau Claire
Copyright 1989 Reed Business Information, Inc.

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Other Popular Editions of the Same Title

9781587981722: Macy's for Sale

Featured Edition

ISBN 10:  1587981726 ISBN 13:  9781587981722
Publisher: Beard Books Inc, 1989
Softcover