House of cards: inside the troubled empire of American Express

From its humble, pony-express origins, American Express grew into a powerful conglomerate with a global reach. Its famed green card became a yuppie symbol of success in the eighties and its gold and platinum cards perfectly reflected its upscale clientele. But behind the pristine image of a tony, sm...

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Bibliographic Details
Main Authors: Friedman, Jon (Author), Meehan, John (Author)
Format: Book
Language:English
Published: New York Putnam 1992
Subjects:
Summary:From its humble, pony-express origins, American Express grew into a powerful conglomerate with a global reach. Its famed green card became a yuppie symbol of success in the eighties and its gold and platinum cards perfectly reflected its upscale clientele. But behind the pristine image of a tony, smoothly run corporation, the house of cards was slowly beginning to collapse. Authors Jon Friedman and John Meehan, two well-respected financial journalists, take the reader
inside the corporate boardrooms and tell, for the first time, of all the bungled deals, private fiascoes and clashing executive egos in the far-flung realm of American Express. At the center of this story is James D. Robinson III, the handsome, charismatic scion of an Atlanta banking family. In 1977, CEO Robinson began a decade of overexpansion, surrounding himself with a cast of colorful, often hotheaded characters. Sanford I. Weill, a brazen Wall Street fighter, for a
time spearheaded AmEx's entree into the brokerage business; Peter A. Cohen was his temperamental lieutenant who led the company's star-crossed charge to take over RJR Nabisco. Edmond J. Safra, a mysterious international financier, found himself the victim of a vicious smear campaign after severing his AmEx ties. As his troubles worsened, Robinson's most loyal ally became his second wife, Linda Gosden Robinson. A celebrity in her own right who runs a controversial public
Physical Description:272 S. Ill.
ISBN:0399136541

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