The Money Machine: How KKR Manufactured Power and Profits
By Sarah Bartlett
2005/03 - Beard Books
1587982498 - Paperback - Reprint - 372 pp.
The shocking story of a Wall Street money machine spinning out of control.
This astounding uncovering chronicles the rise and tactics of KKR (Kohlberg Kravis Roberts & Company) which came closest to making "leveraged buyout" a household term. It documents a history of ambition, excessive fees, and "strategic" gifts to bankers, public officials, members of the press, and others. It is the shocking indictment of a Wall Street money machine spinning out of control. The book is fascinating reading on financial history and the misuse of power.
From USA Today:
Official word from KKR is that Sarah Bartlett's Money Machine "does not merit comment." But behind the scenes KKR is pulling out the big guns.
From the New York Times Book Review:
A valuable book...a very readable book...to understand contemporary financial history, one must know about KKR.
A fascinating account of the history behind this powerful firm. Bartlett paints a far less flattering picture of KKR than "Barbarian's at the Gate"
Sarah Bartlett is the Bloomberg Professor of Business Journalism at Baruch College, CUNY and a freelance writer. Before joining the academic world, she was a reporter at Fortune, Business Week, and the New York Times. She also served as an assistant managing editor at Business Week for six years, and as editor-in-chief of Oxygen Media.