Summary of The Deals That Made the World
THE DEALS THAT MADE THE WORLD: Reckless Ambition, Backroom Negotiations, and the Hidden Truths of Business by Jacques Peretti. Copyright © 2018 by Jacques Peretti Published by arrangement with William Morrow, an imprint of HarperCollins Publishers
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Jacques Peretti – a United Kingdom-based investigative reporter – spent years talking to people with firsthand knowledge of backroom negotiations and secret or overlooked deals that had tremendous consequences in various spheres. Peretti’s stories are fascinating. He fleshes out individual actors, provides vivid details of specific meetings and explains their repercussions. Despite his appealing narrative, some readers may question whether the world would in fact be so dramatically different if not for the deals or individual contributions Peretti highlights. Maybe the time was merely ripe for such developments, which, in reality, seldom stem from a single cause. Yes, PayPal was significant when online shopping began, but it seems likely that some such development would have happened anyway. However, that realization doesn’t damage Peretti’s crucial take-away: the idea that an insightful individual’s decision, an arrangement among a few influential people or a less-observed negotiated deal can have drastic, far-reaching consequences. Peretti’s insights, research, narrative skill, reportorial talent and background knowledge make this a rewarding read that is equally entertaining and eye-opening.
In this summary, you will learn
- How private negotiations and secret deals affect how people buy, work, pay and eat;
- How one insurance statistician launched the diet industry; and
- How AI made workers redundant at Tokyo’s Fukoku Mutual Life Insurance Company.
About the Author
Jacques Peretti is an award-winning investigative reporter for the BBC and a journalist for The Guardian.