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Hoffman, Liz (Wall Street Journal reporter).
Subjects
COVID-19 (Disease) -- Economic aspects -- United States.
United States -- Economic conditions.
Browse Catalog
by author:
Hoffman, Liz (Wall Street Journal reporter).
by title:
Crash landing : the ...
by call number:
070.449330 H699c
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Hoffman, Liz (Wall Street Journal reporter).
COVID-19 (Disease) -- Economic aspects -- United States.
United States -- Economic conditions.
MARC Display
Crash
landing
: the
inside
story
of
how
the
world
's
biggest
companies
survived
an
economy
on the
brink
/ Liz Hoffman.
by
Hoffman, Liz (Wall Street Journal reporter).
Crown, 2023.
Call #:
070.449330 H699c
Subjects
COVID-19 (Disease) -- Economic aspects -- United States.
United States -- Economic conditions.
ISBN:
9780593239018 (hc.)
Edition:
1st ed.
Description:
xxi, 275 p. : col. ill. ; 25 cm.
Notes:
Liz Hoffman is the business and finance editor at Semafor. Previously, she was a senior reporter at The Wall Street Journal, where she covered financial markets, corporate dealmaking, and the machinations of Wall Street. A native of central Pennsylvania, Hoffman graduated from Tufts University and the Medill School of Journalism at Northwestern University. She lives in Brooklyn, New York.
Bibliography:
Includes bibliographical references (pages 255-262) and index.
Summary:
"A kaleidoscopic account of the financial carnage of the pandemic, revealing the fear, grit, and gambles that drove the economy'
s
winners and losers-from a leading Wall Street Journal reporter. The
world
's most powerful CEOs never saw it coming. In 2018, after a decade-long bull market, the CEO of American Airlines declared, 'I don't think we're ever going to lose money again.' The U.
S
. entered March 2020 riding an eleven-year economic high, with unemployment at record lows, the Dow Jones flirting with 30,000, and the good times certain to continue. By the end of the month, ten million people were out of work, iconic firms were begging for bailouts, and countless small businesses were in freefall. Slick consulting teams and country-club connections were suddenly of little use: CEOs were fumbling in the dark, tossing out long-term strategy and making decisions on the fly that, they hoped, might just save them. In the book Liz Hoffman shows
how
the pandemic set the
economy
on fire -- but if you look closely, the tinder was already there. After 2008, corporate leaders had embraced cheap debt and growth at all costs. Wages went stagnant. Millions were pushed into the gig
economy
.
Companies
crammed workers into offices, and airlines did the same with planes. Wall Street cheered on this relentless march toward efficiency, overlooking its collateral damage. Based on access to an astonishing array of business titans, the book is Liz Hoffman'
s
account of the most remarkable year in modern economic history. She takes readers into the beating heart of the twenty-first-century
economy
, revealing
how
the pandemic exposed its pressure points. Bankruptcies decimate retail. Banking and pharma rivals team up. Bleeding cash, airlines like Delta weigh safety against survival. An untested White House fumbles for the 2008 playbook. There'
s
Goldman Sachs's David Solomon blindsided by a virus in the middle of a high-stakes reinvention; American Airlines's Doug Parker, shuttling between K Street and the White House, determined to secure a multi-billion-dollar bailout; and Ford'
s
Jim Hackett, gambling on the switch from cars to ventilators. In '
Crash
Landing
,' Hoffman probes the pandemic'
s
implications for the future of work, corporate leadership, and capitalism itself, asking: Will this remarkable time give rise to newfound resilience, or become just another costly mistake to be forgotten?"--From publisher.
Holds:
0
Copy/Holding information
Location
Collection
Call No.
Item type
Status
Central Library
Adult Nonfiction
070.449330 H699c
Core Collection - Adult
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