Word: burroughs
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When he joined the Wall Street Journal in 1983, reporter Bryan Burrough could barely tell a buyout from a bailout. But Burrough, 29, co-author of the best seller Barbarians at the Gate, has become a formidable chronicler of Roaring Eighties-style shenanigans and greed. In a deal befitting a literary superstar, publisher HarperCollins last month agreed to pay Burrough $1 million for a book on American Express and the smear campaign it waged in the 1980s against international banker Edmond Safra. "I was absolutely stunned," Burrough said of the cash advance. "To me, the money is not a real...
...Burrough is the biggest beneficiary yet of readers' hunger for tales about the pratfalls of the corporate elite. For many other top financial journalists, six-figure book advances have become the rule. Publishers pay handsomely for such potential blockbusters as author Ken Auletta's probe of the television industry, which brought him at least $500,000 and is due on shelves next summer. Connie Bruck, a New Yorker writer, reportedly signed a $400,000 contract for a profile of Time Warner chairman Steven Ross. Other high-priced works in progress include Wall Street exposes by Anthony Bianco of Business Week...
From Hollywood to local bookstores, Wall Street bashing is big business. In Barbarians at the Gate (Harper & Row; 528 pages; $22.95), authors Bryan Burrough of the Wall Street Journal and former Journal reporter John Helyar depict the RJR Nabisco fight as a mud-wrestling match in which all the participants come out grimy. Ross Johnson, the RJR Nabisco chief executive who launched the bidding for his own company and stood to make more than $100 million if he prevailed, is described as "a man who devoted his life to shaking things up" and an executive "loyal to little...
...legend of Mad Dog is collapsing faster than a junk bond. Last week the Wall Street Journal disclosed that Beck, 43, never served in Viet Nam and has no ties to any beer barons. Interviewing several of Beck's relatives and colleagues, Journal reporter Bryan Burrough discovered that Mad Dog had invented much of his past. During Beck's supposed Viet Nam service he was actually attending Florida State University. One woman who dated Beck after the breakup of his second marriage said the banker "would wake up in cold sweats, shaking," saying he'd been dreaming about Viet...
...Oppenheimer investment firm from 1979 until 1985, when he provoked disbelief by pledging to put up $75 million of his own money to rescue a deal. He was fired and then joined Drexel, where he advised buyout king Henry Kravis in his $25 billion takeover of RJR-Nabisco. When Burrough confronted Beck about his tales, the Wall Streeter denied telling most of them. Now Beck has apparently gone AWOL. Drexel, which received his resignation in the mail three weeks ago, says it has been unable to get in touch with...