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The narrative follows Richard Whitney, a Massachusetts Brahmin and former president of the New York Stock Exchange in the early 1930s, who vehemently opposed government regulation of the market. Known for his elitist demeanor, Whitney's downfall began after he invested heavily in a failing liquor company post-Prohibition. To maintain his company's stock price, he resorted to borrowing and embezzling clients' assets, ultimately leading to his imprisonment. The story highlights themes of arrogance, deception, and the cyclical nature of financial scandals.
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Impeccable Connections, Malcolm Mackay
- Language
- Released
- 2013
- product-detail.submit-box.info.binding
- (Hardcover)
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- Title
- Impeccable Connections
- Subtitle
- The Rise and Fall of Richard Whitney
- Language
- English
- Authors
- Malcolm Mackay
- Publisher
- Brick Tower Press
- Released
- 2013
- Format
- Hardcover
- Pages
- 120
- ISBN13
- 9781596874497
- Category
- Biographies and Thoughts
- Description
- The narrative follows Richard Whitney, a Massachusetts Brahmin and former president of the New York Stock Exchange in the early 1930s, who vehemently opposed government regulation of the market. Known for his elitist demeanor, Whitney's downfall began after he invested heavily in a failing liquor company post-Prohibition. To maintain his company's stock price, he resorted to borrowing and embezzling clients' assets, ultimately leading to his imprisonment. The story highlights themes of arrogance, deception, and the cyclical nature of financial scandals.