King of the Club
King of the Club
Richard Grasso and the Survival of the New York Stock Exchange
HarperBusiness, Paperback, 9780060898342, 401pp.
Publication Date: October 2008
Rags-to-riches stories abound in American lore, but even Horatio Alger would have been hard-pressed to write one as powerful as Richard Grasso's: the son of a working-class family whose childhood dream was to become a cop. He grew up in New York City's outer boroughs, far removed from the marble halls, expensive suits, and imported cigars of the New York Stock Exchange. Here is the riveting story of how he rose to become the most influential CEO in the Exchange's history. Minus the tony upbringing, affluent prep schools, or inside connections that were de rigueur for top Wall Street players, Grasso would master the subtle deal-making and politics necessary to succeed in the most competitive business on Earth. But despite his successes, Grasso would soon sow the seeds of his own downfall, an event that would change the Exchange forever.
The King of the Club paperback edition, featuring a full update on the story, chronicles the amazing rise, fall, and possible rise again of Richard Grasso, and also tells the modern history of the all-powerful institution that he came to symbolize: The New York Stock Exchange.
“[T]his well-documented look at the rise and fall of New York Stock Exchange chairman Richard Grasso...gives readers an astonishing look inside the boardroom.... Gasparino reconstructs the events of Grasso’s tenure with an evenhanded point of view, including plenty of ...satisfying detail... [R]iveting.”
“Gasparino has done his homework. He has talked to the people who matter, and King of the Club is rich with their recollection of their roles in Grasso’s rise and fall.”
-Conference Board Review
“CNBC correspondent Gasparino masterfully combines Richard Grasso’s rags-to-riches narrative with the grand history of the New York Stock Exchange.”