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Management article
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Reference no. 92110
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1992

Abstract

The takeover battles of the 1980s have given way to a battle over their meaning and legacy. On one side are critics who argue that the events of the 1980s are best understood as episodes in the greatest criminal conspiracy Wall Street has ever known. On the other side are advocates of the new finance for whom the decade represents a triumph of financial innovation.

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Abstract

The takeover battles of the 1980s have given way to a battle over their meaning and legacy. On one side are critics who argue that the events of the 1980s are best understood as episodes in the greatest criminal conspiracy Wall Street has ever known. On the other side are advocates of the new finance for whom the decade represents a triumph of financial innovation.

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