The story of the first American victory at Le Mans in 1966 led to the birth of automotive icons like the Ford GT40 and the Porsche Carrera 906. It was also the product of a famous failed business deal between two automotive titans: Ford Motor Company and Scuderia Ferrari. By 1963, Enzo Ferrari had built … Continue reading Ferrari, Ford, and Failure.
It’s Winter 2008. Names like Lehman Brothers and Bear Stearns are old news, but still fresh wounds that pundits in expensive suits are still nursing on the public’s behalf. Almost in between breaths, you catch an interesting set of words: Collateralized Debt Obligation, or “CDO.” In January, Bank of America made the decision to merge … Continue reading Countrywide’s Wide Load.
In his 2013 New Yorker Article on Dewey & Leboeuf’s downfall, James Stewart details how Ralph Ferrara expanded the firm’s reach into securities litigation. Ferrara negotiated a $16 Million signing bonus and a guaranteed $1.6 Million salary. Luckily, Ferrara brought in $40 Million for a single case in his first year. Successful strategy. Right? Should … Continue reading Dewey’s Downfall.