Entity Dossier
Company
American Financial
Strategic Concepts & Mechanics
Strategic PatternProcess of Bites, Not Grand PlansDecision FrameworkCash Flow Over Earnings as Debt Survival TestRelationship LeverageHighly Confident as Substitute for Actual CapitalCapital StrategyInterest Deductibility as Leveraged Assault FuelCompetitive AdvantageNOL as Bidding War Nuclear OptionSignature MoveSpeed-of-Sale as Debt Survival DoctrineSignature MoveLawyer as Deal Principal, Not Hired GunSignature MoveParis Apartment DisciplineSignature MoveAll Debt Disguised as EquityCornerstone MoveBuy the Whole, Sell Everything But the Crown JewelCornerstone MoveBlind Pool Before the Target ExistsCornerstone MoveBribe the Gatekeeper, Storm the CastleCornerstone MoveBankruptcy's Tax Corpse as Acquisition WeaponCompetitive AdvantageTax Arbitrage as Structural WeaponOperating PrincipleProfessional Manager Decay Across GenerationsRisk DoctrineNever Cut Back a Committed DealSignature MoveMilken: Four-Thirty AM Cathedral-Builder With No OfficeCapital StrategyVenture Capital Masquerading as DebtSignature MovePeltz: Spittle-on-the-Check Persistence from Near-BrokeSignature MovePerelman: Borrowed $1.9M to a Boeing 727 in Seven YearsCornerstone MoveManufactured Credibility from Thin AirDecision FrameworkContra-Thinking as Default Mental Operating SystemIdentity & CultureForced Savings as Loyalty HandcuffsCornerstone MoveCash Flow Over Earnings as the Only TruthCornerstone MoveBuy the Core, Sell the Pieces, Erase the DebtSignature MoveKingsley: Mount Everest Desk, Twenty-Year Sounding BoardSignature MoveIcahn: Wrestling-a-Ghost Negotiation Until the Last PennyCornerstone MoveOwner's Equity as the Non-Negotiable Discipline
Primary Evidence
"Carl Lindner through American Financial, Saul Steinberg through Reliance Insurance, Meshulam Riklis through Rapid-American, Victor Posner through several of his companies, the Belzbergs through a number of their companies, and others—who issued their own paper and bought one another’s and traded, with Milken the nexus for it all."
Source:The Predators' Ball
"Carl Lindner through American Financial, Saul Steinberg through Reliance Insurance, Meshulam Riklis through Rapid-American, Victor Posner through several of his companies, the Belzbergs through a number of their companies, and others—who issued their own paper and bought one another’s and traded, with Milken the nexus for it all."
Source:Predator's Ball