Going for Broke: How Robert Campeau Bankrupted the Retail Industry, Jolted the Junk Bond Market, and Brought the Booming 80s to a Crashing Halt

John Rothchild

jan. 2000 · Beard Books

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Rothchild tells the incredible story of Robert Campeau's rise and fall, from his acquisition of major department store chains with $11 billion in loans the banks were all too eager to give, to his demise, when the overwhelming debt, coupled with eccentric management practices, drove him into bankruptcy. A fitting epilogue to the money-mad "Era of Debt"--a story of bankers who bent the rules of lending until they broke. Photographs.

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John Harmon Rothchild was born on May 13, 1945, in Norfolk, Va., to Tom and Barbara (Calloway) Rothchild. He grew up in St. Petersburg, Fla., where his father was a high school principal and his mother ran a dress shop. He studied Latin American affairs at Yale, where he was the managing editor of The Yale Daily News and became a Fulbright scholar. He earned his bachelor¿s degree in 1967. He then joined the Peace Corps and spent two years in Ecuador before he started working for Washington Monthly. Then he became a freelance writer for outlets like Time, GQ and Outside. He wrote about Florida, where he was raised, as well as mountain climbing, cycling, and personal finance. He picked up the personal finance bug in the 1980s. One of his best-known books, A Fool and His Money (1988), subtitled The Odyssey of an Average Investor, was recognized for its comically absurd guarantee: Readers would not earn a penny from the information it contained. The book sold well, and according to Mr. Rothchild¿s daughter it caught the eye of Peter Lynch, the former manager of the Magellan Fund at Fidelity Investments. Mr. Rothchild and Mr. Lynch collaborated on several popular books on stock trading. Their One Up on Wall Street (1989), Beating the Street (1993) and Learn to Earn (1995) were all Times best sellers. John Harmon Rothchild passe away on December 27, 2019 at the age of 74.