Rory, his main character, is both interesting and funny. How Mr. Owen knows all the stuff he knows is amazing. I kept thinking when I read it how great a movie this would be. It has it all-humor, mystery, suspense, romance and surprises. In fact, I liked all his characters. I am going to buy another couple of books to give to friends as gifts. I am hoping that there will be more of his books in the future.
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This case study of a megamerger in the age of mergermania should be read by everyone interested in mergers and acquisitions, leveraged buyouts, corporate governance, directors' and officers' liability, the social trauma of takeovers, and the impact of the media on major corporate transactions.
The subject is the 1981 acquisition of Trans Union Corporation by the billionaire Pritzker family of Chicago. Trans Union, then a New York Stock Exchange listed company that last ranked no. 278 of the Fortune 500, was a billion-dollar company with a hundred-year history.
The deal was struck shortly before a gala opening night party commemorating the 26th season of Chicago's Lyric Opera. What followed was an opera of another sort -- a montage of drama, intrigue, tragedy, comedy, hope, despair, broken dreams and new opportunities with a real-life cast of characters more captivating than one would find on any ordinary state. It was, some would say later, stranger than fiction.
Four years later, in a landmark 1985 decision that shocked the corporate world, a bitterly-divided Supreme Court of Delaware held that the former Trans Union board of directors had been "grossly negligent in that it failed to act with informed reasonable deliberation in agreeing to the Pritzker merger." The Court's astounding 3-2 decision, which is included in an appendix to the book, would transform the ground rules for corporate takeovers.
In thirty exciting chapters, the book takes the reader through every step of an extraordinary corporate takeover, from the opening night at the opera to the Court's history-making decision.
Autopsy of a Merger cuts the deal to the bone. The "ins" and "outs" of the merger negotiations, the battle of wits and nerves, the financing arrangements, the legal entanglements, the much-ignored human consequences of corporate takeovers -- all of these, and more, are laid bare in this unusual, behind-the-scenes book. As an added bonus, the book includes one of the most comprehensive bibliographies on leveraged buyouts ever assembled.
Here is what some reviewers said about the book when it was first published:
CRAIN'S CHICAGO BUSINESS: "What Mr. Owen did was spin the story in one fascinating narrative. And that's what makes the book so interesting. For those of us who enjoy reading about business as a form of recreation, the Trans Union saga makes for great entertainment."
CHICAGO TRIBUNE: "Delves deeply into the merger negotiations . . . worth the book's $19.95 price. . . Perhaps an even greater contribution of the book, however, is Owen's description of the merger aftermarth and its effects on employees . . ."
INVESTOR RELATIONS MEWSLETTER: "Closely examines the business drama and human pathos involved in the most controversial merger in corporate history. Must reading."
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At first I was uncertain that I would like the author's style. I find that some writers of historical fiction, of which this is a form, are somewhat pedantic in their efforts to get their readers up to speed with respect to their chosen period. Whether this is to lend verisimilitude to their work, or because they can't bear to waste even a scrap of their hard won research, I can't say. I needn't have worried, though. Most of the author's descriptions of the medieval environment, of the various occupations, of clothing and speech were smoothly introduced, and the meanings of unfamiliar words were easily taken from their context. In checking Ms Robb's vita, I discovered that she had prepared for a PhD dissertation in medieval history and literature. Having done thesis for at least Master's level in two different areas myself, I can honestly say that one lives with these hard won scraps of information day in and day out until they become part of one. For Ms Robb, the 14th Century is "home," and it shows!
I enjoy the work of Ellis Peters and her Brother Cadfael series very much. Spending time with her delightful characters is a satisfying way to "get away from it all." In fact, I find that when I read fiction-when I read it at all-I do so at least as much for the company of the characters as for the story. Creating this type of ambiance is a difficult task, so I expected to find myself unimpressed with Robb's sense of character and personal history. Again I was mistaken. She peoples her 14th Century city of York with individuals with whom the reader is pleased to spend time. Owen Archer and his wife, the apothecary Lucie Wilton, are wonderful people, and their household is a delight to visit. Owen's "boss" the Archbishop of York, with whom Owen has an uneasy relationship, is a complex and interesting person. The other families have at least as much of a history as the central characters, giving the book an ambiance similar in many ways to the charming Barsetshire stories of Angela Thirkell.
The mystery itself was well penned. It begins almost at once with an attack on Wykeham, the new Bishop of Winchester, and progresses to the murder of a midwife, keeping the reader guessing at every paragraph. Like Colin Dexter and the Morse mysteries, The Cross-Legged Knight takes several twists before the guilty individual is brought to justice.
I enjoyed the book enough to look for all the others.
neither the author nor the character seems to be slowing down.
Archer, the trusted one-eyed spy for the Archbishop of York, is once again thrust into the
maelstrom of deadly struggles between the Lancasters and the Church. What is a spy,
married to York's only female apothecary, to do?
Whatever direction he choose, he's bound to find a puzzle. For one, the Bishop of
Winchester has created a situation that could plunge the country into a civil war. Through
the bishop's apparent bungling, a trusted friend to King Edward III and knight of the
realm has been captured by the French and before a ransom could be negotiated, he dies in
prison. His widow, the Lady Pagnell, holds the bishop fully responsible and wishes to
extract her own pound of flesh (to borrow from Shakespeare some two hundred years
later).
While in York to try to smooth things over with the Pagnell family, the bishop finds his
own life in danger. Coupled with what appears to be attempts to assassinate him, murder
is discovered when a fire goes up in flames, leaving the victim inside. Thus, Owen Archer's
sleuthing skills are called in. Owen's wife Lucy, the co-protagonists of Robb's series, has
recently had a miscarriage and her recovery, both mentally and physically, is taking its toll
on the Archer household. The woman murdered had been responsible for helping Lucy in
her recovery and both Lucy and Owen feel driven to find her murderer.
And, of course, the hunt is afoot and with Robb's usual good skill, York is eventually given
the solution. But before the murderer is revealed, Robb has a story to tell and, once again,
she does it with exciting readability. Weaving quite effectively history with fiction, the
Robb stories appeal to both historians and whodunit readers. Her ability to capture the
landscape and atmosphere of 14th century England is noteworthy and her plot designs well
worth the time.
It is a pleasure to have Owen back in York with Lucy by his side. The mystery is serpentine and clues are there for the careful reader. Robb brings medieval York to life with intriguing characters and multi-layered plot.
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I think Williams in this book is saying much the same thing as Dan Dennett and is on the same critical wave length with Dan in his criticism's of Rorty. Which seem to me to be quite "Rortyian" in style i.e the critiques are politically motivated.
From a meta-philosophical perspective I believe there is little "practical" difference between Rorty, Williams and Dennett - not to mention Putnam (see his new book).
Therefore as a political (and hence usefull or something we should care about) work this is a good book.
The most interesting move in this book is the use of Nietzsche.
Very Rortyian indeed.
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