- Published: 8 July 2021
- ISBN: 9780241439135
- Imprint: Penguin eBooks
- Format: EBook
- Pages: 352
The Key Man
How the Global Elite Was Duped by a Capitalist Fairy Tale
- Published: 8 July 2021
- ISBN: 9780241439135
- Imprint: Penguin eBooks
- Format: EBook
- Pages: 352
An unbelievable true tale of greed, corruption and manipulation among the world's financial elite and how the World Bank, Bill Gates and the governments of the US, UK, France, and many more fell victim to the world's largest private equity Ponzi scheme
Harry Markopolos, the Bernie Madoff whistleblower
This splendid cautionary tale lays bare the vulnerabilities of the world of high finance, where even the grandees of Davos were marks for the kid from Karachi
John Helyar, coauthor of Barbarians at the Gate
Spellbinding. You won't want to put the book down
Eileen Applebaum, coauthor of Private Equity at Work
An emphatic indictment of the 'expert class' people who think agility with numbers is somehow equivalent to wisdom and morality
Duff McDonald, author of The Golden Passport
The rigour and colossal effort that went into this book transpires on each page. There is no dull moment. It is 300 pages of reading pleasure mixed with serious discomfort at what is being presented
Ludovic Phalippou, professor of Financial Economics at Saïd Business School, University of Oxford
A highly readable reminder of how greed and gullibility so often go together, and why we need good investigative journalism to keep reminding us that if the pitch (and the person doing the pitch) look just too good to be true there is probably something fishy going on behind the scenes
Professor Sir David Omand, former director of GCHQ and author of How Spies Think
A rip-roaring account of one of the biggest frauds in corporate history
Owen Walker, award-winning FT journalist and author of Built on a Lie
A riveting account of the intertwining of brilliance and greed... Should be a mandatory read at all schools of journalism and business schools. It's a rare tour de force from which both can learn
Business Standard, India
A scorching epilogue... This is tough stuff and this is a tough book that should contribute to much greater scepticism about the bloated financial system
The Sunday Times
Clark and Louch have done an outstanding job in untangling the knots that usually keep the secretive world of private equity out of reach for most people
Pakistan's Dawn
It's a sorry tale, one that raises important questions about our ability to deliver 'ethical' capitalism
Chris Blackhurst, The National
Impeccably researched and sumptuous in its detail...It is a page-turner, built around a riveting portrait of the key man of the title. Mr. Naqvi who comes across as a teeming mass of contradictions
The Economist
This excellent book, which is more true crime than finance, describes in cinematic detail how Naqvi and his colleagues pumped up valuations, moved money between the company, its funds and their personal accounts, and lied about performance
Reuters
Gripping... The account raises questions over whether 'impact investing' and 'stakeholder capitalism' are less about poverty alleviation for the world than guilt alleviation for the Davos elite
Guardian
For an astonishing story of how the global economy can be manipulated, read the devastating account in The Key Man
David Ignatius, Washington Post
A pacy and deeply-reported tale
Financial Times
Business books are usually boring, but this one is well paced and cleverly organised. It also draws some devastating conclusions about our over-financialized economies; in particular the authors target the $4 trillion private-equity industry, which, if anybody has the courage to notice, should hereafter be subject to rigorous reform.
Brian Appleyard, The Sunday Times
In a scorching epilogue the authors draw all the right conclusions . . . This is tough stuff and this is a tough book that should contribute to much greater scepticism about the bloated financial system. But it probably won't. Money talks, or rather as Bob Dylan sang, it swears.
Kazim Alam, Dawn Newspaper, Pakistan