Of course, as an old fiction-magazine writer, he would've
been very aware of what happened to f-m distributor American
News Co., one of the early models for Raid and Plunder-style
corporate dismemberment...TM
-----Original Message----- From: William Denton [mailto:
buff@pobox.com] On 4 March 2002,
Moorich2@aol.com wrote:
: A MAN OF AFFAIRS I recall as a novel remarkably ahead of
its time.
: If I am remembering the right one, MacDonald puts forth a
situation in
: this 1957 novel that became common 15-20 years later. The
story here
: is of a corporate raider.
That's the one. The raider would have been right at home in
'80s when all those junk bonds were being sold and assets
being stripped. There's an explanation of how the market and
book values of the company differ, how that makes them
vulnerable, and what the raider intends to do to get rich
when he takes over. I'd forgotten JDM had a Harvard MBA, but
like you say, he puts it to good use.
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