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Wayne Barrett - Trump: The Greatest Show on Earth: The Deals, the Downfall, the Reinvention

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Wayne Barrett Trump: The Greatest Show on Earth: The Deals, the Downfall, the Reinvention
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Trump: The Greatest Show on Earth: The Deals, the Downfall, the Reinvention: summary, description and annotation

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The essential book to understanding Donald Trump as a businessman and leaderand how the biggest deal of his life went down.

Now, Barretts classic book is back in print for the first time in years and with an introduction about Trumps 2016 presidential campaign.

Donald Trump claims that his success as a self-made businessman and real estate developer proves that he will make an effective president, but this devastating investigative account by legendary reporter Wayne Barrett proves otherwise. Back in print for the first time in years, Barretts seminal book reveals how Trump put together the biggest deal of his lifeTrump Towerthrough manipulation and deceit; how he worked with questionable characters from the mafia and city politics; and how it all nearly came crashing down. Here is a vivid and inglorious portrait of the man who wants now to be the most powerful man in the world.

In Trump: The Greatest Show in the WorldThe Deals, the Downfall, the Reinvention, Barrett unravels the myth and reveals the truth behind the moguls wheelings and dealings. After decades covering him, few reporters know Trump as Barrett does. Instead of the canny businessman that Trump claims in his own books, Barrett explores how Trump exploited his fathers banking and political connections to finance and grease his first major deals. Barretts investigative biography takes us from the days of Donalds lonely youth to his brash entry into the real estate market, and to the back room deals behind his New York, Atlantic City and Florida projects.

Most compellingly Barrett paints an intimate portrait of Trump himself, a man driven by bravado, obsessive self-regard, and an anxious ruthlessness to subdue his rivals and seduce anyone with the power to aid his empire. We see him head to head with an opponent as powerful as Pete Rozelle, ingratiating himself with the brooding governor on the Hudson, and fueling the Drexel engine driven by Michael Milken with hundreds of millions in feespaid, ironically, by gaming companies to fend off Trump takeovers. We explore his complicated emotional and business relationship with his first wife, Ivana, and the use he planned to make of his mistressand later, his second wifeMarla Maples as a southern strategy in his then contemplated presidential campaign. With interviews with scores of adversaries and former colleagues, we are given a privileged look at Trump the businessman in actionreckless as often as he is brilliant, reliant on threats as much as on charm, and ultimately a cautionary tale: is this the man we want to lead the world?

PRAISE FOR *TRUMP:*

Trump is a withering portrait of the most self-mythologized and promoted businessman of our era, an exhaustively researched and long-overdue antidote to Trumps own books. It is a penetrating portrait of the age that spawned him and the many who aided and abetted his rise. Trump seems destined to be the definitive account of how Trump got ahead and why he fell. It is a sad story, with important lessons for us all. James B. Stewart, Pulitzer Prizewinning author of Den of Thieves

Donald Trump surprises us again. Wayne Barretts Trump is a fresh, detailed, and vivid account of the tangled connections of money, politics, and power in our times. Nicholas Pileggi, author of Wiseguy

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Title and Author : Trump: The Greatest Show on Earth: The Deals, the Downfall, the Reinvention by Wayne BarrettISBN : 9781942872979Formats : EPUB

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For Lawrence G. Barrett, Sr., a true American entrepreneur, and William C. McGettigan, Sr., who had the courage to climb back to the top after a long fall

Contents

Frank Algernon Cowperwood does not believe in the people; he does not trust them. To him they constitute no more than a field upon which corn is to be sown, and from which it is to be reaped. They present but a mass of bent backs, their knees and faces in the mire, over which as over a floor he strides to superiority. His private and inmost faith is in himself alone.

T HEODORE D REISER , T HE T ITAN , 1914

Thats the way you do it money for nothin and your chicks for free.

D IRE S TRAITS

Two days after his sixty-ninth birthday, Donald Trump became the first presidential candidate to launch his campaign aboard an escalator, descending on a continuous loop of steel against a backdrop of continuously looping waterfalls, all in front of the very cameras that have so often made his story a spinning reel of autoerotic autobiography. Everyone else in the movie that Donald is making with his lifethat morning and beyondis just an extra.

As much attention as that particular escalator ride garnered, the Trump history leading up to that moment went unnoticed: more than a century earlier, the first escalator was built on the Old Iron Pier in Coney Island, a precursor to Steeplechase, the landmark amusement park that Fred Trump, Donalds father, tore down in the 1960s, ending the Brooklyn beachfronts run as one of the worlds most famous playgrounds.

The stage-managing of that escalator entrance at his signature Trump Tower was just one of the anomalies at Trumps mid-June announcement.

His bid for the presidency came twenty-five years, nearly to the day, after Donald produced a birthday extravaganzaat Trumps Castle in Atlantic Citythe day after he first defaulted on a casino bond in the thick of a financial meltdown. On stage in the confetti-covered Crystal Ballroom, a George H.W. Bush impersonator declared that Trump should be president, a joke on its way now to possible prophecy.

Melania, Donalds third wife, joined him on his journey down the gold-railed escalator, just as she did in a 2013 Celebrity Apprentice episode when she and Donald introduced her line of caviar skincare. But it was first wife Ivana who had overruled the architects thirty-five years earlier to insist on a sixty-foot waterfall, and who had trekked across an Italian quarry to pick the finest rosy-beige Breccia Perniche marble for the five-story atriumthe same marble that matched the peachy orange hue of Donalds hair on the morning of his press conference.

The lights illuminating the waterfall were installed by a contractor whose brother-in-law, Donald Manes, voted for the towers zoning variance as a member of the citys reigning Board of Estimate, a few years before he plunged a kitchen knife into his chest just as US Attorney Rudy Giuliani was about to indict him. Trumps lawyer on the Trump Tower tax abatement, Stanley Friedman, was Maness partner in crime, who delivered a second Board of Estimate vote for the tower and was later convicted by Giuliani on unrelated racketeering charges. Giuliani once opened a probe into Trumps sale of a Trump Tower apartment to the head of one of the citys largest gambling rings, who brought a briefcase of cash to a closing Donald personally attended. Giuliani is now an informal campaign advisor to his onetime donor Trump.

Trump Tower itself is a monument to the mob. Sweetheart deals with a mob teamster local that delivered the concrete, and mob contractors that supplied and built the tallest reinforced concrete job in the country, were choices Donald made, provoking the interest of federal prosecutors at the time. Now, as he lays claim to the White House, he is announcing an even larger concrete project, a thousand-mile wall to protect us from drug and trafficking cartels.

The Trump Tower apartments, and some of the offices above the atrium, had long been magnets for criminals. A half dozen felons, including the head of the Gambino-tied concrete-drivers union, owned part or all of over two dozen units in the tower in its first decade. Trumps cluelessness on foreign policy, apparent even in his opening speech, extended to the towers apartment and office occupantsa disturbing collection of international rogues.

Baby Doc Duvalier bought a $2.5 million apartment there before the tower opened and before the president-for-life was driven from power in Haiti. Chuck Blazer, the 450-pound, now-convicted, wheeler-dealer at the center of the vast FIFA soccer scandal, wallowed between two different tower apartments and a tower office where his branch of the soccer federation was headquartered. Another FIFA potentate, Brazilian Jose Maria Marin, who was once caught on videotape pocketing a gold medal that was supposed to be presented to a member of a championship team, is under house arrest on racketeering charges in his $3.5 million Trump Tower apartment.

Bayrock, a developer that joined Trump in New York and Fort Lauderdale projects, was headquartered at the Tower and one of its partners Tamir Sapir, a Russian billionaire who Trump called a great friend, had a $5 million apartment there. Sapirs top aide pled guilty to participating in a thirteen-year racketeering conspiracy with the Gambino crime family, with some of those years overlapping with his involvement in running Sapirs construction operations. Felix Sater, who owned a fifty-percent executive membership in the Bayrock entities set up for the Trump projects, pled guilty in a $40 million mob stock swindle and cooperated with federal prosecutors. Sater, the son of a Russian mobster, appeared in photos with Trump and was identified as a senior adviser on a Trump Organization card. Sater also did prison time for plunging the stem of a wine glass into a commodity brokers face.

While Candidate Trump contends that Saudi Arabia was behind the 9/11 attacks, a top Saudi government minister at the time of the attack Prince Mutaib bin Abdulaziz, owns a full floor in the tower. In fact, although Trump would soon argue that we should stop supporting the Saudi dictatorship, as well as stop buying their oil, he said in his announcement, I love the Saudis; many are in this building.

Two other Trump Towers, one in Istanbul and one in Philadelphia, involved convicted cocaine traffickers, but not as residents. Trumps initial partner in the twin towers in Istanbulone residential and one office/commercial buildingwas Engin Yesil, who was sentenced to six years in prison for trafficking twenty years earlier. He later said that he assigned his earnings on the Trump project to Dogan Holdings, a giant Turkish developer that was fined $2.5 billion by the Turkish government for dodging corporate taxes for years. The Dogan firm was alarmed when Candidate Trump made his strongest anti-Muslim statements a few months after his announcement and threatened publicly to separate Trump from the project.

The Philadelphia tower was never built after Trumps local partner Raoul Goldberg disappeared and the development firm went bankrupt. Sentenced to forty-six months in prison in 2000 on cocaine charges, Goldberg was on probation when he brought the deal to Trump in 2005. Under a licensing and management contract with Goldbergs firm, Trump was so involved he did the video pitch for it, and his company got the permits and cut the spa and restaurant deals, with daughter Ivanka and son Donald Jr. working on the ground.

The Trump Tower lobby where Trump made his presidential announcement wasnt exactly his property alone, either. The lobby is privately owned public space. The zoning variance that Manes and other Trump insiders on the Board of Estimate approved gave Trump twenty extra floors if he ran the shops and atrium as space open to public use, where visitors could relax without shopping at Gucci or eating at Trump Grill, where forty-five-dollar Trump steaks sell a floor below the lobby.

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