Extra 2% How Wall Street Strategies Took a Major League Baseball Team from Worst to First

ISBN-10: 0345517652
ISBN-13: 9780345517654
Edition: 2011
Authors: Jonah Keri
List price: $30.00 Buy it from $3.00
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Description: What happens when three financial industry whiz kids and certified baseball nuts take over an ailing major league franchise and implement the same strategies that fueled their success on Wall Street? In the case of the 2008 Tampa Bay Rays, an  More...

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Book details

List price: $30.00
Copyright year: 2011
Publisher: ESPN Enterprises
Publication date: 3/8/2011
Binding: Hardcover
Pages: 272
Size: 6.25" wide x 9.50" long x 1.25" tall
Weight: 1.034
Language: English

What happens when three financial industry whiz kids and certified baseball nuts take over an ailing major league franchise and implement the same strategies that fueled their success on Wall Street? In the case of the 2008 Tampa Bay Rays, an American League championship happens-the culmination of one of the greatest turnarounds in baseball history. In The Extra 2%, financial journalist and sportswriter Jonah Keri chronicles the remarkable story of one team#x19;s Cinderella journey from divisional doormat to World Series contender. When former Goldman Sachs partners Stuart Sternberg and Matthew Silverman assumed control of the Tampa Bay Devil Rays in 2005, it looked as if they were buying the baseball equivalent of a penny stock. But the incoming regime came armed with a master plan: to leverage their skill at trading, valuation, and management to build a model twenty-first-century franchise that could compete with their bigger, stronger, richer rivals-and prevail. Together with #x1C;boy genius#x1D; general manager Andrew Friedman, the new Rays owners jettisoned the old ways of doing things, substituting their own innovative ideas about employee development, marketing and public relations, and personnel management. They exorcized the #x1C;devil#x1D; from the team#x19;s nickname, developed metrics that let them take advantage of undervalued aspects of the game, like defense, and hired a forward-thinking field manager as dedicated to unconventional strategy as they were. By quantifying the game#x19;s intangibles-that extra 2% that separates a winning organization from a losing one-they were able to deliver to Tampa something that Billy Beane#x19;s #x1C;Moneyball#x1D; had never brought to Oakland: an American League pennant. A book about what happens when you apply your business skills to your life#x19;s passion, The Extra 2%is an informative and entertaining case study for any organization that wants to go from worst to first.

Jonah Keri is a sports and stock market writer. His take on the issues is influenced by objective analysis and biased Canadianism. Jonah's sports writing has appeared at ESPN.com, The New York Times, The Wall Street Journal, and many others. He is also the editor and co-author of Baseball Between the Numbers, among others. Jonah covers the stock market for Investor's Business Daily, and his podcast is one of the Web's most popular sports podcasts.

Foreword
Prologue
Stalking Horse
The Wrong CEO
The LaMar Principle
New Blood
The Takeover
Broad Street Joe
The Exorcism
Arbitrage
Worst to First
Mystery Men
David Versus Goliaths
The Pit
Epilogue
Acknowledgments
Notes

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