Inside Money: Brown Brothers Harriman and the American Way of Power

Penguin Pr. May 2021. 448p. ISBN 9781594206610. $35. BUS
The history of American capitalism is intricately intertwined with the evolution of the private investment firm Brown Brothers Harriman, which has thrived for over 200 years. In the 19th and 20th centuries, this institution provided credit and helped establish the banking and financial systems that fueled rapid economic growth and wealth creation. The partnership survived a number of financial crises, while many of its competitors floundered. Notable figures once worked at the company, including W. Averell Harriman, Prescott Bush, and Robert A. Lovett. In this extensively well-researched book, author, investor, and former financial executive Karabell (The Leading Indicators) elucidates how deals and friendships often take place through social and family networking. Despite its achievements and tragedies, the Brown family has remained extremely private about its affairs, and Brown Brothers Harriman has often operated under the radar. Karabell had full access to the company’s archives and has produced the first comprehensive inside story of Brown Brothers Harriman and the peoplebehind it.
VERDICT A long overdue history offering a behind-the-scenes look at one of the world’s leading financial institutions. Recommended for public and academic library readers.
Comment Policy:
  • Be respectful, and do not attack the author, people mentioned in the article, or other commenters. Take on the idea, not the messenger.
  • Don't use obscene, profane, or vulgar language.
  • Stay on point. Comments that stray from the topic at hand may be deleted.
  • Comments may be republished in print, online, or other forms of media.
  • If you see something objectionable, please let us know. Once a comment has been flagged, a staff member will investigate.



We are currently offering this content for free. Sign up now to activate your personal profile, where you can save articles for future viewing