Summary of TOPGUN on Wall Street

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Rating

6

Qualities

  • Insider's Take

Recommendation

Jeffery Lay, a retired United States Navy commander, was one of the Navy’s most qualified fighter pilots. A graduate of the fabled TOPGUN Navy Fighter Weapons School, Lay has constantly overcome life’s most difficult challenges. He was the first Navy pilot ever to beat Hodgkin’s lymphoma and resume his dangerous, demanding life as a “strike fighter.” Lay offers a front-seat look at how pilots manage their harrowing tasks – such as unnerving night landings on moving aircraft carriers in stormy seas. Lay became a wealth adviser after he hung up his wings. He came to believe that accountable, responsible military officers could run Wall Street and corporate America more honestly, honorably, efficiently and effectively than those now in charge. Despite Lay’s authoritarian voice, his naïveté dampens his credibility, as when he asserts the long-debunked belief – disproven by the 9/11 Commission – of an alliance between Saddam Hussein and Osama bin Laden, long an enemy of Iraq. With that caveat, getAbstract suggests Lay’s remarkable story as an exciting account of an ace fighter pilot’s life, as a useful dose of investment advice and as one man’s unique, stern look at what ails corporate America.

About the Authors

Lt. Cmdr. Jeffery Lay (Ret.), a 24-year US military veteran, mentors investment professionals on risk management, capital preservation and asset allocation. Patrick Robinson is the author of seven bestselling suspense thrillers.

 

Summary

US Military Leaders: Better than Their Corporate Counterparts

Officers in the US military, particularly the US Navy, manage things quite differently than civilian leaders. Guided by the basic principles of duty, honor, accountability, excellence, fastidious planning, training and preparation, as well as superior execution (followed by objective after-action debriefings), Naval officers hold themselves to the highest possible standards in all endeavors. In contrast, look at Wall Street and in corporate backrooms, where, sadly, a toxic combination of dishonesty, greed, lies, double-dealing, duplicity, evasion, manipulation, lack of accountability and “self-serving shenanigans,” prevails.

These differences in morals, aesthetics and methods were vividly apparent in the late 1990s and early 2000s, prior to the September 11, 2001, terrorist attacks. Navy jets flew air patrols over Iraq from the USS George Washington, a 100,000-ton aircraft carrier, on duty in the Gulf of Iran. Naval aviators in F-14 Tomcats and F/A-18 Hornets – America’s “Tip of the Spear” – maintained a “no-fly zone” around Iraq, and kept Iraqi president Saddam Hussein’s forces bottled inside ...


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