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Book reviews for "Smith,_A._Robert" sorted by average review score:

How to Succeed in Business Without Being White: Straight Talk on Making It in America
Published in Audio Cassette by HarperAudio (1997)
Authors: Earl G. Graves, Ossie Davis, Wes Smith, and Robert L. Crandall
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Excellent Advice for ANYONE
When I first saw the title of this book I was a bit taken aback. In all honesty I expected commentary on how the white man is out to get up and coming blacks. I was pleasantly surprised when I began reading it. This book is an excellent source of information for people of all races. The advice given in the book is truley effective in the business world. I would reccomend this to anyone.

Best investment ever !
This book is worth the investment. If you are interested in being an entreprenuer or even succeeding in your career, I highly recommend this book.

A must read for all new entrepreneurs
If you're thinking about starting a business you must first think "success!" Since reading this book, I've learned the real meaning of success(not to mention starting my own business). This is definitely the BLACK BUSINESS BIBLE.


The Cure: Ten Imaginary Years
Published in Paperback by Music Sales Corp (1990)
Authors: Barbarian, Steve Sutherland, and Robert Smith
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A treat to any Cure fan.....
Ever since I became a Cure fan I had always wondered if Robert or any of the other band members had a biography, marking the major turning points of their musical careers.... And I guess that my question has been answered ever since I first heard about this crucial book. It lives up to what everyone has said about it, and I just got it yesterday from my friend Ben actually!(Thanks again! You're a sweetie!!)
What can I really say that hasn't been said already? It starts out in the late 70's, the original band members were in the middle of high school and already showing major signs of music excellence. Robert showed obvious signs of his intrest in music around his 10th grade year, and this book clearly highlights his journey to the top. I personally think it's quite intresting to read about their rise to fame and the obstacles they had to encounter along the way. I don't want to give out any spoilers so you all will just have to find out of yourselves the stories in here (oh yeah, there's a hilarious one that concerns Lol and Billy Idol... I almost fell over laughing!!)
This treasure is full of surprises and just about anything else you won't expect to hear. And, lets not forget the oh so needed eye candy!! It's practically exploding with tons of rare, great pictures... Color and black and white. The cute as hell baby pictures are a perfect ending. I especially love the color on the cover. Just because it says it's "paper-back" does not mean that it's not durable or good-looking. First time I saw it I thought it was a hard back because the front is glossy.
The pages are made out of nice quality paper and it's really thick, so you'll have hours to spend reading it. It's a fairly large book as well, I'd say around the size of a good-sized magazine (the width being roughly 8 1/2 in. and the length being 11 in.). This book is generally hard to come across(if not impossible), so I highly urge any Cure fan who is considering on buying this to second-guess no more.
You WILL NOT find any and I mean ANY other Cure book that will be more on the mark than this one. Take it from me and millions of Cure fans alike, this book will easily become one of your most valued possesions. Also, it's important to note that this is the only site on the 'net where I've seen this book for sale (new and used).
I've tried bidding before and no matter what, I was always outbidded by like, 12 other people so just save yourself some time and not to mention money and buy this now! I wish that I would've done that a long time ago. I promise you won't be disappointed in the least!

What an Amusing Band!!!!!
I have been a cure fan for as long as I remember and own several cure books, but I must say this is my very favorite, one of the most interesting I have ever read on this band."Ten Imaginary years" takes you on a journey from the very begining of the band (it even mentions how Smith and Tolhurst meet) and ends around the late 1980's when the cure play in Orange, France.
Members of the band talk about their experiences with being in the world of music,their musical inspirations, life on the road, bad managment,fights,bar hopping, drinking binges (hilarious!!!), making of their videos, family life and the very unusual characters and situations they have been in along the way.
This was one of my first cure books , so I absolutely recomend it to the new cure fan and for the old cure fan, its a must have. It has great pictures (including childhood pictures form all members!!), a discography at the end of the book and lots of information about the members I had no idea about. Most important of all this book is extremely humorous.This book is the real thing, it revelas all unapologetically. You will love it!!!!!

A must for any Cure fan!
This book is not just a The Cure fan's book, it just a great book. In depth from cover to cover with every thing from school times to kiss me kiss me kiss me. In a few words: Lovable, interesting, and just wonderful.


Baptists at Our Barbeque
Published in Paperback by Aspen Books (1996)
Author: Robert F. Smith
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The Ultimate BBQ
Robert Farrell Smith's Baptists at our BBQ was one of the most delightful books I have ever read. Not only is it funny, but it gets you thinking about the goodness of God in our lives. The details he gives about a struggling branch aren't too far-fetched in the world we live in. Not only does he give us a wonderful, grasping story, but he also helps us to see into the "Mormon" culture and just how interesting we can be. Look into it to see what else Robert Farrell Smith has to say despite just being a creative author. It will get you thinking about the realities.

Funniest LDS book I've ever read...
Baptists at Our Barbecue is easily the funniest LDS book I have ever read. (excluding Robert Smith's other books, which should be required reading for anyone who is LDS or living near someone who is) This is the only book that I have read where I actully laughed out loud. My wife thought it was so strange that she immediately read it and she loves it as much as I do. I have two copies because I can't stop telling people about it. BUY IT! You'll love it.

I loved it.
Robert Smith has a knack for bring out the humor in LDS life. I laughed so hard. Then I would read it to my husband and we would both laugh. I finally started over and we read it together. It was great. I use this and the second book The Miracle of Forgetness as gifts all of the time. I've turned many friends on to this author as well. It's like reading a modern day Tom & Huck adventure.


Bobby Baseball
Published in Paperback by Dell Publishing Company (1991)
Author: Robert Kimmel Smith
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BoBBy BaseBall
Bobby Baseball is an incredible book. Its about a boy who loves baseball so much he calls himself Bobby Baseball. Bobby wants to become a major league pitcher, but he has to start at his own Mustang league. The middle of the book is very good and it makes it so you won't want to stop reading. The ending is very strange and you will need to make up your own opinion if its good or not!
Harry age 10

Awesome baseball bool
When I read Bobby Baseball I knew I would love it. The reason is that I love baseball. I would say this book made me love to read books. I would recommend this book to kids who love to learn about growing up and baseball. This is a great book for ages 9-13. Especially kids who absaloutly love baseball.

A kid who loved Baseball.
Bobby Baseball by: Robert Kimmel Smith Illustrated by: Alan Tiegreen. This story first takes place in Bobby Elia's home.He lives with dad,brother,mom and grandpa. This is about a boy who loves baseball and has a dream of being a pitcher in the pros. Then... owning a place in the Baseball Hall of Fame. He got on a team then after three games he quits. Find out why. I give this story a 5 star rating because I like baseball too.


Above Los Angeles
Published in Hardcover by Cameron & Co (1990)
Authors: Robert Cameron and Jack Smith
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Good but flawed
Good book, with great photos, as is to be expected. Generally does a good job of depicting LA's expanse, and its widely varying areas, with one exception; oddly, there is absolutely nothing about the beach towns: Manhattan Beach and Hermosa Beach. The book skips from Venice and LAX to Palos Verdes, omitting what arguably is the section of LA most representative of Soithern California. Very good nonetheless.

Eye Of The Beholder
Robert Cameron presents a place and its' character in this "above" book (as well as in the other ones). Some people fly over the Los Angeles area, gagging and shaking their heads. Mammoth highways, concrete, smog, track housing, and monster burbs. These qualities do exist. But Cameron's photos also allow you to see the different personalities and idiosyncrasies of the many communities that make up what we call Los Angeles, from the Southbay beaches to the hills. (Where LA begins and ends we're not always sure). The area of Los Angeles (like other places) is different from other major metropolitan American areas for a variety of reasons. For one, most of the topography is flat, and it's a coastal desert paved with transplants with ambition and liking for the sun. These pictures allow the City of Angels to be more intriguing and have more of its' personality exude itself, as the reader gets a closer look at it through these pictures.

Mental pictures.

Yes, there are those who state Los Angeles County is an area with few landmarks. First you've got have a good disposition to this place, and second you've got to get close. Cameron's shots provide plenty of pockets of beauty and character, and plenty of quintessential "LA" landmarks. One must close enough to observe and experience them. "Above Los Angeles" lets us. Photos that highlight the interesting and beautiful icons of this city's architecture and natural character.

Another book for LA-philes and those interested in its' history and growth is: "LA Lost & Found: An Architectural History of Los Angeles (California Architecture and Architects, No 21)." by Sam Hall Kaplan, and Julius Shulman (Photographer).

5 stars........what else would you expect?
Los Angeles is a wonderful city so full of interesting things. This book has it all. All the areas are greatly photographed and look clear. LA's smog problem seems to be subsiding as the photos show clear days (most of them) and LA is only getting better. Every part of the city is showned. If you like photos from the air, you'll like this book. Also, the Library tower is shown (this is the first building to get blown up in the movie "Independence Day") in several photos. The older printings of this book didn't have them in it. I highly recommend this book.


Empire Statesman: The Rise and Redemption of Al Smith
Published in Hardcover by Free Press (15 March, 2001)
Author: Robert Slayton
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Underappreciated
The book does a very nice job of describing one of the more important, but forgotten, figures in US political history. Smith's role as governor of New York and the various groundbreaking reforms he introduced, his mentorship of various figures from FDR to Robert Moses, and of course being the first Catholic to run for President would be enough to rank him right up there with some of the more widely written about icons of America. When you consider two of his top four advisers were women (this is the 1920's, mind you), his role in building the nation's tallest building at the time, his emergence as a spokesperson for the immigrant masses who became a political force during his era (and the subsequent, seismic shift this caused in the nation's political landscape - he was the first Democrat to lose the Solid South since the Civil War), his being one of the first politicians to speak out against Hitler, and that he did all this without even attending high school, Al not only deserves a high quality biography but perhaps a major motion picture as well. John Cusack in the lead!

The book is occasionally "cheerleady" - superlatives come landing out of left field in the midst of other, more traditional descriptions of events. It is, however, critical and frank in other areas of Smiths career, so it reads in a balanced fashion overall. It is a great read and one that should be read by anyone interested in the US political landscape and how it got to what it is today.

the man & the monument
there is a largely-forgotten statue of al smith on the lower east side at the corner of monroe & catherine streets, but i like to think of the empire state building as the true monument to al smith. at the time perhaps the building was a financial failure, but it was simultaneously a symbol of hope even during the depression when it was being built. only a man like al smith had the vision to help create a monument of such optimism during such bleak times - but more importantly, he did so with the intention of providing a symbol of hope to his fellow nyers. (a symbol, i might add, that has renewed importance in post-9/11 ny.)

i appreciate & love the fact that reading lists in nyc have been expanded to include the writings & histories of all the races & creeds & cultures that have come to nyc. but as a white, working-class, catholic nyer, i have noticed a real lack of identity awareness or cultural heritage. this biography of al smith fills that void: by presenting al smith and his beliefs, it not only describes the immigrant experience of catholics at the turn of the century, but shows too how great men like al smith were key in helping the various catholic immigrant groups (irish, italian, polish, etc) to become mainstream, integrated americans in this formerly predominantly-protestant country. the anti-catholic impulse in america is largely forgotten, & in fact it is also forgotten that there was a time when white catholic americans were certainly not considered part of the white ruling class.

in addition, i love the fact that al smith's life & legacy point to another subculture: the progressive catholics. this term is not an oxymoron; at one point in american history, catholics were on the frontlines of many progessive agendas. this book provides an insight into a church that might have been.

i strongly recommend this book to anyone interested in american history or politics, but moreso to anyone who wants to examine the relationship of ny to the rest of america or how the aspects of class and religion (& not just race) influenced the poltical and cultural climate of america in the 20th century.

al smith was a hero of the working class, a hero of immigrant groups, a hero for catholics, for liberals, for new deal democrats, and ultimately for all americans. it is a shame that most people - even nyers - don't even know his name. this book is a huge step toward remedying that tragedy.

very highly recommended!

The Emperor of the Empire State. A giant.
A great story, about an individual who personifies everything great about America. Alfred E. Smith was the son of immigrants, whose parents ended up in Manhattan's Lower East Side. His Father died early in his life, leaving Smith to take care of his family.

Take care of them he did, leaving school as a child to get a job in the Fulton Fish Market, and thereafter becoming a self-educated man, who never forgot his origins. He associated with
Tammany Hall, and found his way to Albany as a state representative. From there, he ran for and became Governor of The Empire State. He rose to greatness from the humblest of origins.

As noted, no less than Franklin Delano Roosevelt paid the highest compliment to Smith, saying that the foundation of his own New Deal came from what Smith had done first as Governor of
New York. He said: "Practically all the things we've done in the federal government are the things Al Smith did as governor of New York." Smith was the champion of the working man
and woman, first distinguishing himself after one of the country's worst industrial tragedies, the Triangle Shirtwaist Company fire.

Sadly, most Americans outside of New York who know of Smith learned of him through what biographer Slayton accurately called the nastiest and most vicious political campaign in the history
of the Republic, when Smith was the first Catholic American to run for President in 1928 against Herbert Hoover (ironically, the candidate called best for business at the time). According to the author, by any measure of analysis, the reason Smith lost was due to those narrow minded individuals who would not accept him as their President because of his choice of religion,
otherwise guaranteed him under the Constitution.

But for Smith, we'd have a different feeling about what makes America great. He blazed a trail which shamed America into revealing a level of greatness it had never acknowledged before his time; culminating in the election of John F. Kennedy more than thirty years later. The commitment he had for the least of Americans became the saving grace of the country after the
depths of the Depression. Before the buzzword of the day was diversity, Smith was unabashed about celebrating it in his City, State and Nation.

He remains to my mind one of the greatest statesmen the Country ever produced. Biographer Slayton has done a phenomenal job in bringing his story to life.


Comprehensive Asian Fighting Arts
Published in Paperback by Kodansha International (1981)
Authors: Donn F. Draeger, Robert W. Smith, and Donn Drager
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Detailed in letter but lacking spirit
Draeger is the quintessential chronicler of martial treatises. He lays it all out for you with detail and high vocabulary, yet rarely never reveals any of the emotion that obviously keeps him on the path. Long before Jane Hallander or Leung Ting, detailing the branches and often the techniques of other people's arts. He's good for learning the history and principles of an art. IN FACT, IN THAT REGARD HE'S BETTER THAN MOST INSTRUCTORS OF THEIR OWN ARTS. He's very meticulous about the reporting of each art's specific nature and characteristics, as well as the general tactic of the applications.

An Outstanding Martial History
The late Donn Draeger and Robert Smith produced a classic text on the Asian martial arts and the many cultural influences that have spawned a following all over the world. The book was written in 1969 and therefore, most of the history on the arts is pre-mid 20th century.

The different arts are catagorized by the countries from which they sprang. This approach is effective and enjoyed. Because of this approach, the reader enjoys the culture of the country and can betetr understand how the "arts" developed the way they did.

Further, this book is unquie in that smaller countries which have contributed greatly to these fighting systems have chapters devoted to them. Countries like Burma and India are not overlooked as what so often happens in martial arts books.

Passion and history are intertwined as we see the different forms of combat come alive on the written page and discover the unquie cultures in which they developed. A martial arts must.

Between an History book & a Encyclopedia, ...
"~... everything about Martial Arts ! the local arts, their history, the local weapons (with drawings...). A must in your library.


The Fifth Discipline Fieldbook: Strategies and Tools for Building a Learning Organization
Published in Audio Cassette by Bantam Books-Audio (05 January, 1999)
Authors: Peter M. Senge, Charlotte Roberts, Richard B. Ross, and Bryan Smith
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The Fifth Discipline
This book is a collection of theoretical summaries, reports, analyses, and strategies all quite useful to anyone interested in generating some thinking and action around change. The team of five writers (Peter Senge, Richard Ross, Bryan Smith, Charlotte Roberts, and Art Kleiner) provide some original work, but also serve as editors to a vast quantity of material drawn from practitioners, theorists, and writers in the field of organizational improvement. According to Senge, "great teams are learning organizations - groups of people who, over time, enhance their capacity to create what they truly desire to create." (p.18) This book is really about creating and building great teams. The learning organization develops its ability to reflect on, discuss, question, and change its current and past practices. To do this, people and groups in the organization need to meaningfully pursue the study and practice of the five disciplines - personal mastery, mental models, shared vision, team learning, and systems thinking.

The learning organization - Senge's vision for the productive, competitive, and efficient institutions of the future - is in a continuous state of change. Four fundamental questions continuously serve to check and guide a group's learning and improvement (see page 49): (1) Do you continuously test your experiences? ("Are you willing to examine and challenge your sacred cows - not just during crises, but in good times?") (2) Are you producing knowledge? ("Knowledge, in this case, means the capacity for effective action.") (3) Is knowledge shared? ("Is it accessible to all of the organization's members?") (4) Is the learning relevant? ("Is this learning aimed at the organization's core purpose?") If these questions represent the organization's compass, the five disciplines are its map.

Each of the five disciplines is explained, and elaborated in its own lengthy section of the book. In the section on "Systems Thinking" (a set of practices and perspectives, which views all aspects of life as inter-related and playing a role in some larger system), the authors build on the idea of feedback loops (reinforcing and balancing) and introduce five systems archetypes. They are: "fixes that backfire", "limits to growth", "shifting the burden", "tragedy of the commons", and "accidental adversaries". In the section on "Personal Mastery", the authors argue that learning starts with each person. For organizations to learn and improve, people within the organization (perhaps starting with its core leadership) must learn to reflect on and become aware of their own core beliefs and visions. In "Mental Models", the authors argue that learning organizations need to explore the assumptions and attitudes, which guide their institutional directions, practices, and strategies. Articles on scenario planning, the ladder of inference, the left-hand column, and balancing inquiry and advocacy offer practical strategies to investigate our personal mental models as well as those of others in the organization. In "Shared Vision", the authors make the case for the stakeholders of an organization to continually adapt their vision ("an image of a desired future"), values ("how we get to travel to where we want to go"), purpose ("what the organization is here to do"), and goals ("milestones we expect to reach before too long"). The section offers many strategies and perspectives on how to move an organization toward continuous reflection. In "Team Learning", the authors rely mostly on the work of William Isaacs and others, and make a case for educating organization members in the processes and skills of dialogue and skillful discussion.

This book is enlightening and informative. It has already found a place on my shelf for essential reference books.

ADVANCED ADVICE FOR BUILDING A LEARNING ORGANIZATION
Everyone who reads THE FIFTH DISCIPLINE comes away excited about the benefits of having a learning organization. Yet many get stuck in a rut as they try to implement what they learned in that superb book. THE FIFTH DISCIPLINE FIELD BOOK helps fill in that lack of understanding with dozens of questions, examples and exercises. You'll have a ball with this, even if you only use a little part to focus on where you need help. A great related book for building a learning organization is THE 2,000 PERCENT SOLUTION, which teaches a new thinking process that simplifies and speeds up learning for an organization. It also shows you where you need to get rid of old thinking that is holding you back. You should read and use both.

Moves elegantly between concepts and every day reality.
Bridging the gap between text and context, The Fifth Discipline Fieldbook offers everyone a deep and refreshing look at what work can be and should be. The authors ground their stories, examples, exercises in five conceptual touchstones--personal mastery, mental models, shared vision, team learning, and systems thinking. And these disciplines accurately reveal three core tasks in leadership: looking at self, developing others, and seeing the larger picture in order to chart a meaningful course. Stories enliven the ideas while examples and exercises offer practical models to use in any organization. Generous side margins, different colored ink, and graphic icons are visual treats as well as immediate graphic guides. And the narrative references to related issues make reading the book more intuitive, more interesting.

In fact, these physical details model the whole point of the book--that learning is essential for sustainable growth, for organizational and personal development.


Red Square (Price-Less Audio)
Published in Audio Cassette by Random House (Audio) (1993)
Authors: Martin Cruz Smith and Robert O'Keefe
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Martin Cruz Smith Did It Again!
All I have to say is if you are thinking of buying this book, do it. If you have not read Gorky Park or Polar Star first, then I strongly suggest you do so. The excellent aspect, I believe, of this book is its connection with the past two. While I enjoyed Gorky Park, Polar Star is where I fell in love with reading about Renko. By the time I read through Red Square, I came immediately online to see if there is another Renko novel to read. There is, Havana Bay, thank goodness, I don't know what I would have done if there wasn't. This is the perfect series of books to read, for anyone who does not mind a little challenge. Enjoy!

a gripping portrait of the new Russia
If you're reading this review it's probably because you haven't read Martin Cruz Smith's Red Square yet. And that's too bad, because you're missing a vivid glimpse into both the mafia-riddled new Russia and the loyalties of the human heart. Arkady Renko, the homicide detective hero of Smith's earlier books Gorky Park and Polar Star, returns to Moscow and finds himself battling an international crime ring in a story that crosses the German border and brings him face-to-face with his longed-for lost love. The gripping plot and Smith's masterful ability to capture the nuances of these complex geographical and psychological landscapes make this a book you will remember every time you pick up a copy of your favorite news magazine.

The best of the first three Arkady Renko novels.
I can't speak for the latest Arkady Renko novel, "Havana Bay," having not read it yet, but for me, the finest of the first three is the magnificent "Red Square," one of the most gripping and memorable thrillers I've read in a long time.

For those that have never read any of Martin Cruz Smith's novels featuring modern fiction most's unique detective (the others being "Gorky Park" and "Polar Star"), you might be surprised by what you find. Smith is no Mickey Spillane--he is a literate, cerebral writer and a first-rate novelist with an unusual gift for both probing, insightful characterizations and heart- pounding, edge-of-your-seat storytelling. His Renko novels can best be described as Saul Bellow meets Robert Ludlum, and Smith's voice is distinctive and unmistakable.

"Red Square" finds Arkady in post-Cold War Russia, investigating murder and intrigue in a society rife with corruption and desperation. He also reunites with his great love from "Gorky Park," and Smith's description of the reunion is among his very best writing. "Red Square" also features Smith's characteristically convoluted plotting, which can at times get confusing, but eventually resolves itself with the most satisfying ending he has yet written for a Renko novel.

All in all, "Red Square," despite a rather slow first 40 pages or so, was one of the most fascinating and unforgettable thrillers of the decade. Outstanding.


The New Financial Capitalists : Kohlberg Kravis Roberts and the Creation of Corporate Value
Published in Hardcover by Cambridge University Press (1998)
Authors: George P. Baker and George David Smith
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A Good Read!
This revealing book covers a highly charged and controversial period of American investment history. George P. Baker and George David Smith study the emergence of the investment house Kohlberg, Kravis, Roberts (KKR), and follow it during the decade KKR ruled the world of leveraged buyouts. The authors begin with the early days when the partners worked together at Bear Stearns. They track the men as they build their own firm and create their own success. In clear, straightforward language, the book presents KKR's intentions and the economics of leveraged buyouts (LBOs). It discusses KKR's role in structuring and managing the deals. We [...] recommend this book as a must read for anyone interested in LBOs or the history of KKR. Executives at all levels will find the KKR saga interesting and useful.

The New Financial Capitalists
Baker (Harvard Business School) and Smith (New York Univ.) provide a well-documented history of Kohlberg Kravis Roberts (KKR) and its development of the leveraged buyout (LBO). During the period 1976-93, KKR acquired more than 50 firms with an equity investment of only $10.9 billion. As of 1998, these equity investments were worth $40 billion (an annual return exceeding 28 percent). The authors examine KKR's strategy of identifying undervalued, poorly managed firms with potential to increase cash flow. Each LBO was financed with 80 to 90 percent debt, and equity was provided by a partnership organized by KKR. The LBO managers were required to have a large proportion of their net worth in the equity. After the acquisition, KKR's strategy was to cut costs and increase productivity, quickly pay down the debt, and sell the firm to unlock the equity investment. The large debt service inflicted discipline while management's investment created incentives. By linking managerial and ownership interests, Baker and Smith argue that KKR improved corporate governance and contributed to increases in corporate profits and productivity. This volume is an excellent addition to the literature on mergers, business history, and corporate strategy. Upper-division undergraduate through professional collections as well as large public libraries.

Detailed Treatment of early KKR-led LBO Financing
This is an outstanding academic treatment of the investments made by KKR, all of which were some kind of leveraged buy-out. The authors focus their attention on the transactions themselves, not the way they were viewed by society or on the people that put them together - in this regard the book is a rare gem. It treats the period up to 1990 in some depth, with some very interesting case studies that show pretty good financial detail with outstanding qualitative descriptions of the transactions that were put together. As you walk through the various case studies, you are able to sit alongside with the KKR team and watch as the LBO goes from an unusual financial instrument to a mainstream product that is widely accepted in the marketplace. While growing acceptance of financial products is an established facet of Wall Street, to follow this evolution through the work of a single firm really is quite interesting. The manner in which the complexity, leverage and size of the transactions grow is laid out in plain English, making this a fascinating read.

Only Chapter 5 "KKR as an Institutional Form" focused on the firm itself, and even this treatment was not nearly as obsequious as many other financial books (most notably "Goldman Sachs: the Culture of Success" by Endlich). Mr. Baker and Mr. Smith take a very level-headed approach and document the growth of the firm in a straight-forward manner, although they do inject a good deal of 'positivity' to their view, i.e. the revolutionary introduction of Monday Morning Meeting's at KKR in the 1990's (this is commonplace at most banks).

I particularly enjoyed the second chapter "Recasting the Role of Debt" which talks about some of the earlier transactions that KKR did in some depth. The description of their LBO of Houdaille is very much worth reading, if only for the fact that traditional 'Old Economy' companies are again garnering such interest. Indeed, that is a very noteworthy aspect of the whole book, KKR focused on established companies with real cash flows. The one transaction which involved real growth financing was a near bust. This is very different than all of the financial maneuvering that has gone on over the past two years, and it is interesting to compare the sustainability of the two efforts (the many years of KKR's existence surely triumphs over venture capital's recent 15 minutes of fame). Chapter 4 on "When Risk Becomes Real" talks about some of the failed KKR transactions, EFB Trucking and Eaton Leonard in some detail. The reaction of KKR to these hiccups is very impressive, and while it is told with the same 'positivity' of the authors as mentioned above, the authors still do a good job of telling the story in an objective manner. The efforts of the partners to maintaining KKR's reputation in the marketplace is nothing short of heroic, and while there was a clear financial incentive over the short term it is clear that the longer term reputation of the company also played a clear role in motivating their actions.

It really is rare to get a book as good as this with detailed financial information (even if it is more than 10 years old) and a mostly unbiased view of the Company. Where the authors are biased, it is easy to pick up and interpret. This is very much an academic treatment of the firm, with some detail as to what the rest of the market was doing, but not a whole lot. There are just the right number of graphs, which is very nice. I would think anybody working in finance would enjoy this book, although given the depth in which it describes the transactions, it might not be the most leisurely read. This is an outstanding book.


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