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Dec 16, 2025
Hedged Out
Inequality and Insecurity on Wall Street
Summary
In Hedged Out: Inequality and Insecurity on Wall Street (U California Press, 2022) Megan Tobias Neely, a former hedge fund worker takes an ethnographic approach to hedge funds. Manager? A greedy fraudster, a visionary entrepreneur, a wolf of Wall Street? She gives readers an insider perspective on the phenomenon. Facing an unpredictable and risky stock market, hedge fund workers work long hours and build tight-knit networks with people who look and behave like them. Neely shows how the system of elite power and privilege sustains and builds over time as the beneficiaries concentrate their resources.
Your Host
Alfred Marcus
As the Edson Spencer Professor at the Carlson School, I’ve spent my career helping students, scholars, and executives understand how companies succeed, why they fail, and how they can rise again. I’ve authored over 20 books and numerous articles in leading journals. My writings span immigrant entrepreneurship, demography, corporate turnarounds, and sustainability among other topics. My latest book explores how firms like Dell and Best Buy reinvented themselves. It is called Comeback: Can Great Firms Rise Again? It is published by the University of Toronto Press and will be available at the end of March.
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