Victor Posner: Junk Bonds, Pension Raids, and Pure Greed

Have you even heard of Victor Posner? I hadn’t but if you’re a fan of this show, you’ll know that one of mine and Keith’s favorite books of all time is Barbarians at the Gate, a rip roaring story about a leveraged buy-out and attempted hostile take over of RJR Nabisko from the 1980’s. So I love the drama around hostile takeovers, and I wanted to find out- who first started hostile takeovers in the 20th century, and it turned out to be this guy Victor Posner, I can say that I’d never come across such a lowlife. If you're ever looking for a person that symbolises everything that’s wrong with capitalism- and just to note- I’m a fan of capitalism overall- then Posner is your poster boy.