In December 1968, auto body repairman, Pasquale "Pat" Scida, age 24, son of Italian immigrants and Brooklyn native, secured an $85 a week entry level position on Wall Street. His memoir, "Walworth Street to Wall Street" How an $85 a Week Clerk became a $100 Million Investment Banker," documents a 13-year journey from clerk to Vice President, managing weekly sales of $50 Million of Fixed Income Securities. "Walworth Street (where the author lived until age seventeen) to Wall Street" is a review of the work of Wall Street and a chronicle of its troubles during the years 1968-1981. Readers accompany the author through various firms; Eastman Dillon, Charles Plohn & Co., Reynolds Securities, and Dean Witter Reylolds; through jobs, departments and divisions of firms. Early stages will interest Operations, Fixed Income and Municipal Bond operatives. Financial industry executive(s) and middle management past and present, will gravitate to the descriptions of toppling firms and the merger and acquisition of others, including portraits of their legendary executives. Further, the author describes his and his colleagues roll in "a vast movement of capital from the nation's banks to its brokerage firms," stemming from the runaway inflation and interest rates of the late seventies and early eighties. For investors, the author deciphers, the transactional and market trade, new issue and secondary market pricing, brokerage firm profitability, product development and more. Set against a series of momentous political and economic events, The Arab Oil Embargo, The Iran Hostage Crisis, The NYC Fiscal Collapse, The WHUPPS debacle and The Vietnam War; "Walworth Street to Wall Street" is a fast-paced account of the making of a Wall Street career, during a period of real time events that shook the financial community and the nation. If you like Wall Street, you're going to love "Walworth Street to Wall Street."
9781644587805 | BIO003000 | book-has-featured-image