Title: Black and white on Wall Street
First published: 1999
Description: In Black and White on Wall Street, Joseph Jett describes the combative environment of a Wall Street trading floor, where the driving forces are greed and competition, whatever the cost. For Jett, the price was his career, his reputation and the distinction of being a Wall Street pariah. Black and White on Wall Street reveals not only the excitement of the game but the Street's own brand of corruption as well.

Its power-hungry, wildly rich players have their own set of rules, and though Jett got caught in the crossfire, he isn't going down quietly.

Just months after naming him "Man of the Year" for heading a phenomenally successful bond-trading team, Kidder, Peabody & Co. accused him of recording $350 million in phony profits and taking more than $8 million in bogus bonuses. Jett was forced out of his job and charged with masterminding one of Wall Street's largest securities scams in a scandal that was played out in newspaper headlines and television broadcasts for months.

Jett's career was crushed in an onslaught of accusations from one of the most powerful corporations in America, Kidder's parent company, General Electric. His family, his childhood and his personal life became fodder for countless lurid media stories.

Since then, Joseph Jett has fought to clear his name, and now, for the first time, he tells his own story. At the heart of Kidder's accusations were claims that Jett was a "rogue trader" who had acted entirely alone. In this book, Jett shows that his managers were fully aware of his trading strategy and, in fact, approved of it.

Ultimately, Black and White on Wall Street is the thrilling story of what happens when a high-risk Wall Street trading strategy goes sour and how one man, blamed for it all, coped with the fallout of greed, racism and character assassination.
Subjects: Biography, Corrupt practices, Employees, Insider trading in securities, Kidder, Peabody & Co, Securities industry, New York Times reviewed, Corporations, corrupt practices
Places: United States
People: Joseph Jett
LC classification: HG4928.5 .J48 1999