cover image THE CHAIRMAN

THE CHAIRMAN

Stephen Frey, . . Ballantine, $21.95 (320pp) ISBN 978-0-345-45760-8

Diminished by dull prose, but distinguished by colorful, well-drawn characters and an arresting, labyrinthine plot, this 10th novel by Frey (after Silent Partner ) illuminates the machinations of big business and high finance. Frey introduces Christian Gillette, who will be a continuing character in this inaugural volume of a projected series. As 36-year-old Gillette walks out of a Park Avenue church after delivering the eulogy following the suspicious "accidental" drowning of the late chairman of Everest Capital, he is nearly killed when a firebomb obliterates his waiting limo. Undaunted, newly elected chairman Gillette steps into another car and carries on with his planning: he's determined to make the company's new equity fund, Everest Eight, the biggest in the history of private equity and to eliminate his competition within the firm. Corporate chicanery, boardroom sex and backstabbing abound, and conspiracies proliferate, as Gillette enters into a deal with the chief of a mega-insurance company to increase Everest Eight's capital to $15 billion in a bold attempt to surpass rival Paul Strazzi at Apex Equity and become the nation's dominant private equity firm. Sadly, a perfunctory denouement does no justice to the clever plot. Agent, Cynthia Manson. (Mar. 29)