A clear and insightful view of the revolution that struck corporate America in the 1980s. The author is an academic with his feet planted firmly in the real world. * T. Boone Pickens, Jr. *
Three hearty, full-throated cheers for Glenn Yago's book and research. He dispassionately makes a strong case for passion-drenched junk bonds. I've long beleived that high-yield securities were the single most important stimjulus to American economic restructuring in the '80s. yago provides a masterly analysis in defense of such a view. * Tom Peters, author of In Search of Excellence *

Glenn Yago is Director of the Economic Research Bureau and Associate Professor of Management at the State University of New York at Stony Brook. He has testified before federal and state committees and his articles have appeared in The New York Times, The Wall Street Journal, and many other publications. He is also a director and principal in both a start-up and a turnaround company.