Counsel for the Defense – BONUS POST

The Bonus Book of the Week is “Counsel for the Defense, The Autobiography of Paul O’Dwyer” by Paul O’Dwyer, published in 1979.

Born in County Mayo, Ireland in 1907 to a family of farmers, O’Dwyer was the youngest of eleven children. Gruff and authoritative more than affectionate, his father organized a teachers’ union at the one-room schoolhouse, angering the local priest, whose power was diminished thereby.

When he was eighteen, O’Dwyer emigrated to the United States, following four of his older brothers. While studying pre-law at Fordham University, he remarked, “The contradiction in our giving munificent foreign aid while letting poor whites remain illiterate and hungry was difficult to understand. (The injustice to the Negro community was not even discussed and I did not then think about it.)” In 1926, he attended law school at the then-Brooklyn campus of St. John’s University and joined a political club comprised of Jewish democrats. At that time, Irish Catholics were liberal democrats. U.S. citizenship was required before he was permitted to practice law. He attained that honor two years after passing the bar exam.

O’Dwyer was made a law-firm partner at 26 years old, litigating cases of labor law. In the late 1930’s, his oldest brother was elected to the post of Brooklyn District Attorney. By 1945, the brother was mayor of New York City. O’Dwyer represented the National Lawyer’s Guild, an organization that defended victims of the Communist witch hunt of the McCarthy Era.

Read the book to learn of the author’s adventures in running for offices; why he identified with the Jews who were fighting for the independence of Israel– which led him to handle an arms-smuggling case; of O’Dwyer’s opposition to a literacy test required for voting in some states in the early 1960’s; and his eventual senatorial career, among other legal and political activities.

I Love Capitalism – BONUS POST

The Bonus Book of the Week is “I Love Capitalism, An American Story” by Ken Langone, Cofounder of the Home Depot, published in 2018. This is the bragfest of a Wall Streeter, who appears to have bragging rights.

Born in September 1935 in Roslyn Heights, in New York State (on Long Island), Langone caught the entrepreneurial bug early in life. By college, he was selling stationery and neckties.

In the single-digit 2000’s, Langone helped recruit a CEO for Home Depot. In the short term, the CEO greatly improved the numbers that serve as indicators of a company’s financial success. However, the dollar value of the company actually decreased after a few years. His philosophy damaged the corporate culture by violating the company’s philosophical values.

For, the CEO failed to understand that in a customer service business like Home Depot, corporate culture drives the numbers. Employee satisfaction gets the same score as customer service. His replacement “… dressed like a plumber, and he looked like a nerd… [but] he became a rock star to the employees…”

Langone admitted up front that he had mentors and helpers left and right throughout his life. “Some guys who get to be wealthy like to brag about being self-made men. I can’t imagine they’re not leaving somebody out of that equation.” [likely, their daddy.]

Read the book to learn about who assisted Langone in his adventures in capitalism.