Speculator: Of Corporate Bondage

Briefly, it looked as if Kirk Kerkorian, in his attempted buy-out of Chrysler, was going to revive single-handedly the buccaneering days of the 1980s when stocks and shares were replaced by bonds - many of which, if not all, well deserved the epithet junk.Wall Street's feeding frenzy culminated in the RJR Nabisco buy-out, which was notorious more for its size and the repletion of sharks surrounding it than for the principles behind it. Realising the hidden value of assets and forcing management efficiencies