 First edition | |
| Author | Norman C. Miller |
|---|---|
| Country | United States |
| Language | English |
| Genre | Nonfiction, Business, Economics |
| Published | 1965 |
| Publisher | Coward McCann |
| Pages | 256 pp. |
| OCLC | 265024 |
| LC Class | HV6766.D4 M5 |
The Great Salad Oil Swindle is a book by Wall Street Journal reporter Norman C. Miller about Tino De Angelis, a New Jersey-based wholesaler and commodities trader who dealt in vegetable oil futures contracts. [1] The book was published in 1965 by Coward McCann.
In 1963 De Angelis was responsible for the Salad Oil scandal, a major financial racket involving fraudulent warehouse receipts, when he attempted to corner the soybean oil market. Soybean oil is an ingredient of salad dressing and has many other uses. In the aftermath of the scandal, 51 investors were swindled out of approximately $175 million ($1.4 billion in 2018 dollars).
Miller was awarded the Pulitzer Prize in 1964 for his reporting of the De Angelis scam [2] [3] in the Wall Street Journal, on which the book is based.
The Pulitzer Prize for Breaking News Reporting is a Pulitzer Prize awarded for a distinguished example of breaking news, local reporting on news of the moment. It has been awarded since 1953 under several names:
Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World is a book by Nick Leeson, who served four years in prison for fraud after bankrupting the London-based Barings Bank in 1995 by hiding $1.4 billion in debt he accumulated as a derivatives trader in Singapore. The book was released on February 19, 1996, by Little, Brown & Company.
Allen Stuart Drury was an American novelist. During World War II, he was a reporter in the Senate, closely observing Presidents Franklin D. Roosevelt and Harry S. Truman, among others. He would convert these experiences into his first novel Advise and Consent, for which he won the Pulitzer Prize for Fiction in 1960. Long afterwards, it was still being praised as ‘the definitive Washington tale’. His diaries from this period were published as A Senate Journal 1943-45.
Anthony "Tino" De Angelis was a Bayonne, New Jersey, commodities trader who dealt in vegetable oil futures worldwide.
Ronald Chernow is an American writer, journalist, popular historian, and biographer. He has written bestselling historical non-fiction biographies.
Norman Charles Miller is an American journalist who worked for The Wall Street Journal.
Soybean oil is a vegetable oil extracted from the seeds of the soybean. It is one of the most widely consumed cooking oils and the second most consumed vegetable oil. As a drying oil, processed soybean oil is also used as a base for printing inks and oil paints.
The following are the Pulitzer Prizes for 1964.
Stacy Madeleine Schiff is an American former editor, essayist, and author of five biographies; her biography of Vera Nabokov, the wife and muse of the Russian-American novelist Vladimir Nabokov, won the 2000 Pulitzer Prize in biography.
The salad oil scandal, also referred to as the soybean scandal, was an American major corporate scandal in 1963 that caused over $180 million in losses to corporations including American Express, Bank of America and Bank Leumi, as well as many international trading companies. The scandal's ability to push otherwise cautious and conservative lenders into increasingly risky practices has prompted some comparisons to later financial crises including the 2007–2008 subprime mortgage crisis.
David M. Satz Jr. was an American attorney who served as U.S. Attorney for the District of New Jersey from 1961 to 1969.
Lords of Finance: The Bankers Who Broke the World is a nonfiction book by Liaquat Ahamed about events leading up to and culminating in the Great Depression as told through the personal histories of the heads of the Central Banks of the world's four major economies at the time: Benjamin Strong Jr. of the New York Federal Reserve, Montagu Norman of the Bank of England, Émile Moreau of the Banque de France, and Hjalmar Schacht of the Reichsbank. The text was published on January 22, 2009 by Penguin Press. The book was generally well received by critics and won the 2010 Pulitzer Prize for History. Because the book was published during the midst of the financial crisis of 2007–2010, the book subject matter was seen as very relevant to current financial events.
The Wolf of Wall Street is a memoir by former stockbroker and trader Jordan Belfort, first published in September 2007 by Bantam Books, then adapted into a 2013 film of the same name. Belfort's autobiographical account was continued by Catching the Wolf of Wall Street, published in 2009.
The Life of the Mind in America: From the Revolution to the Civil War is a book by Perry Miller It won the 1966 Pulitzer Prize for History.
Elizabeth Anne Fenn is an American historian. Her book Encounters at the Heart of the World: A History of the Mandan People, won the 2015 Pulitzer Prize for History. She serves as the Walter S. and Lucienne Driskill chair in Western American History at University of Colorado-Boulder.
Catching the Wolf of Wall Street: More Incredible True Stories of Fortunes, Schemes, Parties, and Prison is the second non-fiction book by former stockbroker and trader Jordan Belfort. The text was initially published on February 24, 2009 by Bantam Books.
John Carreyrou is a French-American journalist and writer who worked for The Wall Street Journal for 20 years between 1999 and 2019 and has been based in Brussels, Paris, and New York City. He has won the Pulitzer Prize twice and is well known for having exposed the fraudulent practices of the multibillion-dollar blood-testing company Theranos in a series of articles published in the Wall Street Journal.
The Uprooted: The Epic Story of the Great Migrations That Made the American People is book about European migrations into the United States by Oscar Handlin. It won the Pulitzer Prize for History in 1952.
Stanley William Penn was an American journalist who spent much of his career at the Wall Street Journal. In 1967, he won a Pulitzer Prize for National Affairs Reporting.
Shirley Christian is a Pulitzer Prize-winning journalist and author, known for reporting on the Central American crisis during the 1970s and 1980s. Christian has worked as a foreign correspondent for the New York Times, Miami Herald, and Associated Press. Her book on the Nicaraguan Revolution, according to the Wall Street Journal, “may stand as the definitive account of the fall of Anastasio Somoza and the rise of the Sandinistas.”
Notes
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