The last tycoons, a vivid and compelling account of the rise of Lazard Freres, has won the FT/Goldman Sachs business book of the year 2007 award, narrowly beating Alan Greenspan's The age of turbulence. William Cohan's history of “the world’s most elite and enigmatic investment bank” was awarded the £30,000 prize at a gala dinner on Thursday night in London.
Past winners of the FT/Goldman Sachs award were Thomas Friedman for The World is Flat in 2005 and James Kynge, whose China Shakes the World won in 2006.
At the same time, the FT on Thursday unveiled the results of its online poll of readers, to find the best business book of all time. Adam Smith's The Wealth of Nations, published in 1776, was the runaway winner, well ahead of Barbarians at the Gate, the 1990 account by Bryan Burrough and John Helyar of the leveraged buy-out of RJR Nabisco.
Copies of all the mentioned books are available in library stock.