Bryan Burrough · 592 pages
Rating: (22.5K votes)
“Everyone in the room knew about leveraged buyouts, often called LBOs. In an LBO, a small group of senior executives, usually working with a Wall Street partner, proposes to buy its company from public shareholders, using massive amounts of borrowed money. Critics of this procedure called it stealing the company from its owners and fretted that the growing mountain of corporate debt was hindering America’s ability to compete abroad. Everyone knew LBOs meant deep cuts in research and every other imaginable budget, all sacrificed to pay off debt. Proponents insisted that companies forced to meet steep debt payments grew lean and mean. On one thing they all agreed: The executives who launched LBOs got filthy rich.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“It is important to remember that, as Ken Auletta wrote in his definitive Greed and Glory on Wall Street, “no reporter can with 100 percent accuracy re-create events that occurred some time before. Memories play tricks on participants, the more so when the outcome has become clear. A reporter tries to guard against inaccuracies by checking with a variety of sources, but it is useful for a reader—and an author—to be humbled by this journalistic limitation.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“He who’s not busy being born is busy dying.” Tony”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“Planning, gentlemen, is ‘What are you going to do next year that’s different from what you did this year?’” he told them. “All I want is five items.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“Recognize that ultimate success comes from opportunistic, bold moves which, by definition, cannot be planned.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“Through all the machismo, through all the greed, through all the discussion of shareholder values, it all came down to this: John Gutfreund and Tom Strauss were prepared to scrap the largest takeover of all time because their firm’s name would go on the right side, not the left side, of a tombstone advertisement buried among the stock tables at the back of The Wall Street Journal and The New York Times.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“turn over the reins to the board of directors.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“The minute you establish an organization, it starts to decay.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“changes in the story were the result of normal editing.”
― Bryan Burrough, quote from Barbarians at the Gate: The Fall of RJR Nabisco
“So you are done proposing?” Dev sipped his drink. “I am. I forgot to propose for the one reason that might have won the prize.” “That being?” “She loves me.” Westhaven smiled wistfully. “She cannot bear to think of the rest of her life without me.” “That reason.” Dev nodded sagely. “I will remember that one, as it would not have occurred to me either. Do you think it will occur to Anna?” “I hope to God it does.” The earl took a long pull of his drink. “I cannot make a move at this point unless she invites it.” “Why not? Why not just ride out there, special license in hand, and lay down the law? You haven’t tried that approach. You can name it after me, the Devlin St. Just Proposal of Marriage Option Number Seven.” “Dev, I fear you are getting a bit foxed.” “A bit, and I am not even the one trying to drown my sorrows. Am I not the best of brothers?” “The very best,” the earl agreed, his smile carrying a wealth of affection.”
― Grace Burrowes, quote from The Heir
“It is true that I am a person with black pockets of evil and hatred in my heart. There are underground places inside of me”
― Lynda Barry, quote from Cruddy
“You're insane!"
"Call me HAL and make me sing 'Daisy, Daisy'.”
― John Scalzi, quote from The Android's Dream
“If you've a notion of what man's heart is, wouldn't you say that maybe the whole effort of man on earth to build a civilization is simply man's frantic and frightened attempt to hide himself from himself? That there is a part of man that man wants to reject? That man wants to keep from knowing what he is? That he wants to protect himself from seeing that he is something awful? And that this 'awful' part of himself might not be as awful as he thinks, but he finds it too strange and he does not know what to do with it? We talk about what to do with the atom bomb...But man's heart, his spirit is the deadliest thing in creation. Are not all cultures and civilizations just screens which men have used to divide themselves, to put between that part of themselves which they are afraid of and that part of themselves which they wish, in their deep timidity, to try to preserve? Are not all of man's efforts at order an attempt to still man's fear of himself?”
― Richard Wright, quote from The Outsider
“Blood in the water I sing,
and one who shed it:
deadliest hunger I sing, and one who fed it-
weaving the ancient-most tale
of the Sea's sending:
singing the tragedy,
singing the joy unending
This is our shame-
this is the whole Ocean's glory:
this is the Song of the Twelve.
Hark to the story!
Hearken, and bring it to pass:
swift lest the sorrow
long ago laid to it's rest
devour us tomarrow! ”
― Diane Duane, quote from Deep Wizardry
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