Den of Thieves Summary

The SQUEEZE: In Den of Thieves, Pulitzer prize-winning James B. Stewart explores the topic of insider trading. The 1992 non-fiction work recounts multiple insider trading scandals during the 1980s. Stewart spotlights Wall Street financiers involved in the scandals. Key players were Ivan Boesky, Michael Milken, Martin Siegel, Dennis Levine, and more. Stewart intertwines multiple stories of financiers, bankers, lawyers, and law enforcement officials, weaving a tale of complacency and arrogance, leveraged buyouts and corporate takeovers, and corporate misconduct and punishment. Stewart’s Den of Thieves is a must-read for economists, banking regulators, and financial institutions.

Notable Endorsement: “A revealing, disturbing tale of what can happen when greed runs rampant.” –The Seattle Times

Common Q’s Answered by this Book:

  • What is a leveraged buyout?
  • What is the meaning of corporate takeover?
  • Who were the Wall Street elite of the 1980s?
  • What is insider trading?
  • What are examples of insider trading schemes?
  • Who are Ivan Boesky, Michael Milken, and related Wall Street financiers?


About the Author: James B. Stewart is the Bloomberg Professor of Business and Economic Journalism at Columbia University’s Graduate School of Journalism. Stewart is a member of the New York State Bar and a former associate of Cravath, Swaine, and Moore. Stewart won the 1988 Pulitzer Prize for Explanatory Journalism for articles published in the Wall Street Journal regarding the stock market and insider trading activities, the writings of which led to the development of Den of Thieves. Stewart’s titles include Tangled Webs: How False Statements are Undermining America: From Martha Stewart to Bernie Madoff (2011); Blind Eye: The Terrifying Story of a Doctor Who Got Away with Murder (1999); and Disney War (2005). The latter book won the Gerald Loeb Award for Best Business Book. Stewart currently contributes to The New Yorker and The New York Times and serves on the board of advisory trustees of DePaul University. Stewart completed studies at DePaul University and Harvard Law School. For more information, visit:


Book Vitals:

Publisher: Touchstone (September 1992)

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