October 15, 2008

News & Opinion: Financial Times and Goldman Sachs Business Book of the Year

By: Dylan Schleicher @ 7:06 PM – Filed under: Management & Workplace Culture

The Financial Times and Goldman Sachs Business Book of the Year was announced last night at a Gala Dinner in New York, and congratulations are in order for Mr. Mohamed El-Erian. He has won the prize for his book When Markets Collide: Investment Strategies for the Age of Global Economic Change. Editor of the Financial Times, Lionel Barber, said of the book:

When Markets Collide brings together the world of modern finance and macro-economics. It is lucid and prescient in its diagnosis of the present financial turmoil and offers important prescriptions for the way forward. A worthy fourth winner for our annual book prize.
Chairman and Chief Executive Officer of Goldman Sachs, Lloyd C Blankfein, said:
Mohamed El-Erian provides invaluable context for the global financial crisis and does so in an extremely accessible and compelling way. When Markets Collide deserves to be this year's winner.
El-Erian beat out a strong shortlist this year, including:
  • A Splendid Exchange: How Trade Shaped the World by William J. Bernstein, April 2008, Atlantic Monthly Press
  • Cold Steel: The Multi-billion-dollar Battle for a Global Industry by Tim Bouquet & Byron Ousey, Little Brown Book Group UK (not yet available in the US)
  • McMafia: A Journey Through the Global Criminal Underworld by Misha Glenny, April 2008, Knopf
  • Remix: Making Art and Commerce Thrive in the Hybrid Economy by Lawrence Lessig, April 2008, The Penguin Press
  • The Snowball: Warren Buffett and the Business of Life by Alice Schroeder, September 2008, Bantam
  • 2007's winner was The Last Tycoons: The Secret History of Lazard Freres & Co. by William D. Cohan, which we recognized as the top industry book of the year in our first annual awards. The winner in 2006 was China Shakes the World: A Titan's Rise and Troubled Future--And the Challenge for America by James Kynge. You can find Jack's review of that book here. Thomas Friedman's The World is Flat won the very first award in 2006.

    About Dylan Schleicher

    Dylan Schleicher has been a part of the 800-CEO-READ claque since 2003. Even though he's stayed on at the company, he has not stayed put. After beginning in shipping & receiving, he joined customer service and accounting before moving into his current, highly elliptical orbit of duties overseeing the ChangeThis and In the Books websites, the company's annual review of books and in-house design. He lives with his wife and two children in the Washington Heights neighborhood on Milwaukee's West Side.