Repeat Performance

摘要

As a young analyst in the 1980s at British brokerage Rowe & Pitman, Alan Snyder put his institutional clients into something called Metromedia. Run by financier John Kluge, Metromedia owned potentially valuable television and radio properties, as well as a nascent cellular telephone business. While Snyder worried that Kluge deliberately obscured Metromedia's value, he thought the company was cheap.