Breaking the Bank: The Decline of Bankamerica
| Author | : | |
| Rating | : | 4.63 (852 Votes) |
| Asin | : | 0316353922 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 0000-00-00 |
| Language | : | English |
DESCRIPTION:
The story of Bank America's failure, this book is a cautionary tale. This book was chosen as a best book of 1988 by The Wall Steet Journal and Business Week.. It shows how the bank's refusal to sort out its problems, the result of poor management, led to its collapse
Although BankAmerica expanded corporate and international operations, a complacent board and incompetent management riven by internal friction proved unable during the early 1980s to deal with deregulation and the first price plunges in 50 years, according to Hector. The author traces the political, social and economic changes that affected the corporation after Giannini's death in 1949. With losses and bad or shaky loans in the billions, the bank has narrowly escaped takeovers, which the author envisages as a possible option in the early 1990s. From Publishers Weekly The 1904 founding of the Bank of Italylater BankAmericain a converted San Francisco saloon by A. . Giann
A Timeless Lesson on Mismanagement John N. Crossman An excellent book, and written well entertaining, and keeps you clear on all the moving parts as we see what was once a great institution fall from grace. The banking world has suffered several crisis since this was written but I can't help but think these same mindsets and clueless leaders still exist in the financial world today. What happened at Bank of America in the 80's If you want to know what really happened at Bank of Ameica in the 80's, Gary Hector's book gives the true representation -- I know, I was there.. Great Book On Corporate Disfunction First the author, Gary Hector, is a great writer, the book reads and flows well. I was expecting it to be a dry read on a topic that interested me, but found it to be a great and interesting book. Also, it is an in-depth detailed narrative of what happened. The author obviously did a great deal of interviews to get this type of in