"Money To Burn" by William Cohan - How Damaging for Paul, Weiss?
What might go down as the non-fiction version of Tom Wolfe's novel "Bonfire of the Vanities" - "Money To Burn" - is out today. By William Cohan, also author of "House of Cards," it could have more reach than Wolfe's. That's because the focus isn't only on Wall Street players. The lawyers who serve them so aggressively are also looped into this engaging conversational narrative. The issue of reach is key in how damaging this tell-all could be for the Drexel alumni, especially Leon Black, and the dedicated elite attorneys. Time will tell how much traction it will have. For example, there's the old question: Can a book be a game-changer? Sure, Wolfe's satire got us to deride the arrogant Wall Street types. But Wall Street continued unabated as a builder of individual and institutional wealth. The other critical variable in terms of reputational hits and more is how much new information is disclosed. If it is the same-old, many will p...