The Paper Millionaire - Roger ShashouaGerald Duckworth & Co., 1988, Hardback in Dust Wrapper.
Condition: Good+ — in Good+ Dust Wrapper. Dust wrapper a little rubbed at the edges, slight tanning to the same. Dust wrapper damp-marked on the reverse at the spine, not visible externally. Top edges of text block tanned. Text complete, clean and tight.
From the cover: “Big Bang — fuelled by the new technology of instant global communications and the deregulation of the stock market — has spawned a gigantic love-child: the rapidly expanding breed of Paper Millionaires. The paper millionaires are brilliant innovators who raise public money to back their enterprises, and become rich in the paper shares of their companies. Alternatively hero-worshipped and vilified by the City Establishment, they are a key factor in the world economy today and a powerful engine for good or ill. Roger Shashoua typifies the breed. In this challenging and entertaining book he tells the story of his own meteoric career and describes for the first time the evolving role of the paper millionaires. Starting out as an inventor, he rose to head the largest patent licensing group in USA. His business ventures extended to Europe, Africa, the Middle East, Japan and China -culminating in an audacious bid, foiled at the last minute by his backers, to establish a Chinese trade and cultural city in the heart of London’s Docklands. In the course of his astonishing career Roger Shashoua made it, lost it, made it, lost it, made it yet again and then, with impeccable timing, walked away from it all. But the paper millionaires, he insists, are here to stay. He shows how they are created by society and the Establishment, and how, when crisis breaks, they can be destroyed by the very people who created them. If this conflict is allowed to continue, he warns, Black Monday’s crash of October 1987 will be as nothing compared to the Great Paper Crash that will follow the opening of the European market in 1992 — which will lead to the biggest depression the world has ever seen. If, on the other hand, the traditional forces of society and the new breed of mavericks can be made to work together and regulate each other, the alliance between them will be enormously productive. Properly encouraged, the paper millionaires are the hope of the 21st century. This book shows the way.”