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For the better part of twenty years, Mac lovers fumed in frustration as their beloved aesthetic idol languished in sub-5% PC market share territory. Wintel dominated. Big, ugly, buggy, clunky, and everywhere.
- Thisisgoingtobebig.com - Who the hell is this guy? Thoughts on being a career VC
The other day, I got interviewed for Business Insider . It was a good interview, save for that little vein that I had no idea was so prominently featured on the side of my head--but what's a bald guy to do? At least it's not a weird fold in the back or a dent at the top. Anyway, I was pretty happy about it, but then I got a note from a friend that said, "Don't sweat the haters." I had no idea what he was talking about until I saw the comments: "Am I the only one tired of hearing from/abt Charlie?
Private Equity Beat - WSJ
In this morning’s media roundup, PE firms are looking for a little bit more liquidity in their energy deals (not THAT kind of liquidity), while Catterton Partners latest deal is all about turning liquid into vapors. Elsewhere, green shoots in the IPO market aren’t necessarily appealing to everyone, Calpers gets ready to sell off some PE stakes, and HSBC sells a stake of its own.
Normally, I am one of Barry Ritholtz’ fans, often indulging “The Big Picture”’s expansive prose and deft selection of this chart, that graph or the other political-economy cartoon that collectively has its finger right on the pulse of this week’s market week after week. I fear, however, the tenure of my fandom is at an end, perhaps belatedly, now that I have absorbed his piece “RIP Chicago School of Economics: 1976-2008.” Mr. Ritholtz’s Pre-Christmas missive gores Milton Friedman, citing a winding Bloomberg article by John Lippert, whose Chicago beat for Bloomberg often has him penning obiter dicta that includes the latest gossip relating to the Pritzker family , and their glowing approval at the selection of cousin Penny Pritzker as Obama’s national campaign-finance chairwoman, the climbing murder rate in Obama’s “backyard,” and the controversy over the Milton Friedman Institute at the University of Chicago.
Going Private
I think what I’m going to miss most is the elitism. Though I’ve never worked in finance, for the past three years, I have been exploring the culture of young investment bankers on this website. Through a mix of fake articles and first and third person stories, I’ve attempted to bring light to topics ranging from the “glamorous,” nightlife and fashion, to the geeky, obsessive attention to detail and technical wizardry in Excel. The responses I’ve received and the comments left here have often offered even deeper insight into the psyche of the young banker / wannabe banker, and they’ve illustrated that one sentiment resonated more than any other: elitism. What others don’t realize is that at the junior levels, everyone in banking makes relatively the same amount of money, and as such, bankers cling to an intricate hierarchy devised to rank institutions, groups within institutions, and individuals within those groups.
The Leveraged Sell-Out
Just as its shares started selling to the public for the first time, BATS Global Markets, one of the nation’s newest and largest electronic exchanges, halted trading on its own stock after a series of technical errors in its system. In a memo prepared for a coming Congressional hearing, investigators described how Jon S. Corzine, the firm’s former chief executive, asked an executive in the firm’s Chicago office to transfer $200 million to replenish an overdrawn account at JPMorgan Chase in London. Greg Smith, the former Goldman Sachs executive who recently resigned in spectacular fashion, has met with publishers this week, including imprints at several prominent houses, Julie Bosman of The New York Times reports.
Mergers, Acquisitions, Venture Capital, Hedge Funds - DealBook - NYTimes.com
Private Equity Portfolio Operations
PE’s Hiring Advice for Merrill: Avoid the Chronically Unlucky Posted by Tennille Tracy Was Merrill Lynch looking for a professional CEO finder when it appointed Alberto Cribiore to temporarily fill the shoes of the ousted Stan O’Neal? As a private-equity veteran – he is founder of Brera Capital Partners and once was co-president of Clayton Dubilier & Rice – Cribiore has probably conducted dozens of searches for executives to run the companies he buys. He now appears to be reprising that role at Merrill. So then, what do private-equity pros look for in a CEO? That was the first question we put to Jonathan Goldstein, one of the founding partners of Sextant Search Partners, a New York headhunter that regularly recruits executives for PE firms.Deal Journal - WSJ
According to FactSet Research, the stock was trading at $15.25 with 1.2 million shares moving hands on the BATS exchange. That was down 4.7% from its pricing of $16, which had already been at the low end of its expected range of $16 to $18. Then the stock started dropping, falling to $14 then to $13 before the bottom dropped out.
Posted on: April 27, 2012 Trending on peHUB this week: Frank Quattrone, Andreessen Horowitz, Sequoia Capital, Chicago Growth Partners, TA Associates,Veronis Suhler Stevenson, Irving Place,VantagePoint Capital Partners and Apollo Global.
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