Description: To Protect Their Interests is a groundbreaking historical account of how corporate bankruptcy became what it is today--a forum for battles between well-heeled insiders.
Review Quotes: This important book on large-scale corporate reorganization in America marries the sophistication of Harvard Business School-style case studies of key early railroad receiverships with deeply researched and often captivating historical narrative. J. P. Morgan and the Wall Street banks who perfected the practice weren't heroes, Lubben contends, nor are the insiders who dominate Chapter 11 today. They use corporate restructuring to gild their own nests at the expense of those who are not powerful enough to withstand them.--David A. Skeel Jr., author of Debt's Dominion: A History of Bankruptcy Law in America