Risk-taker Michael E. Tennenbaum has contributed mightily to American financial institutions, business, and society. A financier, adventurer, and philanthropist, in his debut book, RISK: Living on the Edge, he delivers intriguing insider details on how “impossible” deals are completed, along with an inspiring guide to applying risk-taking successfully to your business and personal life.
Tennenbaum takes us behind the scenes at Bear Stearns, illuminating the end of that great American success story as never before disclosed. He imparts insights from investment banking, risk arbitrage, and options; how he continued to apply risk to gain advantageous competitive positions after leaving Bear Stearns and starting his own firms; the inner machinations of his high-stakes deals; and the backstory to innovations he created.
A daredevil who feeds sharks and swims with humpback whales, who has lifted off from an aircraft carrier, descended in a nuclear submarine, and taken the Olympic bobsled run in Innsbruck, Tennenbaum describes his theory of risk as the compelling force of some people’s lives, and the trait that drives visionary pioneers toward their unending accomplishments.
He shares strategies on applying boldness and challenging the status quo to seize opportunities, face struggles that pay off, manage mistakes, and give back to one’s community. Applying personal tales of pushing limits and his experiences with Boys & Girls Clubs of America, the Smithsonian Institution, Harvard Business School, and the Joffrey Ballet, among other firms and cultural institutions, he demonstrates how to reach greater heights of performance, achievement, and contentment.
RISK is a fascinating look at financial industry management, non-profits and how to help them grow, civic projects and how to combat inertia, and one man’s craving to make lasting contributions.
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Michael E. Tennenbaum is the founder of Caribbean Capital & Consultancy Corp., a co-founder of Tennenbaum Capital Partners, LLC, and a former general partner of Bear Stearns, who introduced innovations in investment banking, risk arbitrage, and options during his Wall Street career. A recipient of the Department of Defense Distinguished Civilian Service Award, he is on the national board of the Smithsonian Institution, where he founded the Tennenbaum Marine Observatories Network, and serves on the Boys & Girls Clubs of America national board. He is founder of the Tennenbaum Interdisciplinary Center at the Neuropsychiatric Institute at UCLA, and the Tennenbaum Institute at the Georgia Institute of Technology.
Donna Beech is a New York Times bestselling co-author of dozens of books with leaders in the fields of science, law, medicine, psychology, exploration, sports, education, business and the arts.