In 2005, hedge-fund manager David Brown of Galileo Capital spots a rare opportunity. China's voracious appetite for copper is flooding Red Metal Corporation with cash, and Red Metal CEO Jeff Fowler appears hell-bent on leaving most of it in the bank. Fowler knows the boom-and-bust cycles of the copper-mining business, and he plans to hoard cash to make it through the next downturn. After buying up a big chunk of Red Metal stock, Brown gives Fowler an ultimatum: Make smart investments with the money, or return it to shareholders. If you don't, Galileo will find someone to acquire Red Metal, and you'll go down as the CEO who let a 130-year-old company fade into oblivion. Will Fowler escape Brown, walk into Brown's traps, or get spooked into making foolish moves that bring his world crashing down around him?
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About the Author
Peter Faur worked in St. Louis as a reporter and editor before making the transition to public relations in the early 1980s. His employers and clients have included corporate leaders in telecommunications, brewing, chemical manufacturing and copper mining. He holds master's degrees in journalism and business administration. Today he and his wife, Pat, live in Phoenix.
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Red Metal: A Novel based on 0 ratings. 1 reviews.
Hedge fund manager David Brown puts in 80-hour weeks making money for his investors and making life uncomfortable for CEOs of companies he thinks are failing to maximize shareholder value. One such underperformer is Jeff Fowler, CEO of copper company Red Metal. Judging Fowler guilty of arrogance after a presentation at an investor conference, Brown decides to take a stake in Red Metal and take Fowler down a notch. Following months of intrigue and unexpected developments, Brown emerges richer than ever from the conflict. Yet for the thrice-married, twice-divorced Brown, the victory somehow seems. Fortunately for Brown, with the help of third wife Shannon and a favorite former teacher, he ultimately discovers a much different kind of shareholder value. Along the way, author Peter Faur offers readers helpful introductions to the inner workings of the copper business and the financial markets, as well as interesting side trips to the breathtaking vistas just outside Phoenix and the concrete canyons of Manhattan. Aspiring novelists are frequently advised to write about what they know. Faur follows that advice to good effect in “Red Metal,” and the reader reaps the dividends.