The Caesars Palace Coup
(eAudiobook)

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Published:
[United States] : Tantor Media, Inc., 2021.
Format:
eAudiobook
Edition:
Unabridged.
Content Description:
1 online resource (1 audio file (12hr., 22 min.)) : digital.
Status:
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. 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's 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.

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Language:
English
ISBN:
9781666111736, 1666111732

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Restrictions on Access
Instant title available through hoopla.
Participants/Performers
Read by Chris Kipiniak.
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. 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's 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.
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Mode of access: World Wide Web.
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Citations
APA Citation (style guide)

Frumes, M., & Kipiniak, C. (2021). The Caesars Palace Coup. Unabridged. [United States], Tantor Media, Inc.

Chicago / Turabian - Author Date Citation (style guide)

Frumes, Max and Chris, Kipiniak. 2021. The Caesars Palace Coup. [United States], Tantor Media, Inc.

Chicago / Turabian - Humanities Citation (style guide)

Frumes, Max and Chris, Kipiniak, The Caesars Palace Coup. [United States], Tantor Media, Inc, 2021.

MLA Citation (style guide)

Frumes, Max, and Chris Kipiniak. The Caesars Palace Coup. Unabridged. [United States], Tantor Media, Inc, 2021.

Note! Citation formats are based on standards as of July 2022. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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45c817b7-bb46-5906-6ff2-2bf6c2b128b5
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Record Information

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Last Grouped Work Modification TimeJan 26, 2024 03:04:47 PM

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