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The Private Life of Public Finance: Confessions of a Recovering Investment Banker by Mark T. Melio

The Private Life of Public Finance: Confessions of a Recovering Investment Banker

by Mark T. Melio
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Book cover type: Paperback
  • ISBN13: 9780997493016
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Platform Press
  • Publisher Imprint: Platform Press
  • Publication Date:
  • Pages: 186
  • Original Price: USD 12.95
  • Language: English
  • Edition: N/A
  • Item Weight: 282 grams
  • BISAC Subject(s): Business

The son of a steelworker from Pennsylvania tells the inside story, warts and all, of his career as a successful investment banker at two of the biggest, best-known, and most controversial firms in the world-Goldman Sachs and JPMorgan Chase-during a historic and turbulent period in US history. Mark Melio's personal anecdotes and observations illustrate the self-absorbed culture, hypocrisy, and rapacious practices of Wall Street's leading banks, how he bought into the fiction that "the customer always comes first," and how investment banks morphed from once-proud partnerships into predators in constant search of new ways to scalp clients. This is a rare glimpse by a thoughtful observer behind the scenes of an institution that built America's "new" economy and then nearly destroyed it.

From 1987 until 1996, Mark T. Melio was a senior banker in the public finance department at Goldman, Sachs & Co. For the next twelve years he worked first at J.P. Morgan & Co. and then its successor, JPMorgan Chase, where he rose to become head of the firm's public finance business. He left Wall Street in 2009 to found Melio & Company, an independent fiduciary and financial advisory firm serving public and private not-for-profit healthcare and higher education institutions.

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