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Newspaper Deals Hit and Miss with PE Firms

Posted on: March 14, 2013 by Steve GelsiNo Comments »

While the sale of the parent of the Chicago Tribune is drawing interest from Lee Mitchell of private equity firm Thoma Bravo LLC, a much smaller weekly paper in Boston plans to shut down for lack of a buyer.

Buffett Talks Economy, Increasing Carried Interest Tax with Carlyle’s Rubenstein

Posted on: June 7, 2012 by Lawrence J. AragonNo Comments »

Warren Buffett is “in favor” of increasing the tax rate on capital gains. “I’ve operated under all kinds of tax rates, including 39.6% on capital gains,” the chairman of Berkshire Hathaway Inc. told Carlyle Group CEO David Rubenstein.

How You Like Me Now? Andreessen Horowitz Partners Dedicate Half Their Income to Charity

Posted on: April 25, 2012 by Connie Loizos4 Comments »

If some venture capitalists have issues with the brazen style of the 34-month-old, Sand Hill Road firm Andreessen Horowitz, just wait. The firm’s six GPs have just committed to dedicate half of the income from their venture careers to charity.

Surge In Deals For Banks? Probably Not

Posted on: October 3, 2011 by Steve BillsNo Comments »

Don’t expect a couple of recent big investments of private money into the banking industry to signal a resurgence of dealmaking in the sector, market watchers say. A pair of buyout funds, WL Ross & Co. LLC and The Yucaipa Companies, have made commitments to invest $50 million apiece in Amalgamated Bank, a $4.4 billion [...]

Obama Pitches Changes to Carried Interest; PEGCC Rebuts “Buffett Rule”

Posted on: September 19, 2011 by Luisa Beltran1 Comment »

President Obama’s plans to change the carried interest tax is getting more attention today.

Obama on Monday pitched a plan, which uses tax increases and entitlement cuts, to slash the federal deficit by $3 trillion, according to the New York Times. In the PE world, it’s the President’s introduction of the so-called “Buffett Rule” — which aims to change carried interest — that is getting tons of play.

Obama called to overhaul the tax code, Bloomberg News reported Monday. His plan aims to eliminate the “special lower rates for the wealthy,” which were “meant to be temporary,” the story says.

Poll Results: Sokol’s Fate? 70.2% Think Nothing Will Happen to Him (But He’ll Likely Start His Own Firm)

Posted on: April 29, 2011 by Luisa BeltranNo Comments »

The results of our David Sokol poll surprised me.

Yesterday, I asked what might happen to the former heir apparent at Berkshire Hathaway. Sokol, in case you’ve forgotten, bought Lubrizol shares and then pushed Warren Buffett to buy the company. Sokol, who was chairman of several Berkshire units, resigned after his Lubrizol trades became known.

Berkshire shareholders are expected to convene in Omaha tomorrow for the annual meeting. Buffett is sure to be grilled about his poor handling of the scandal. Right now, we don’t care about that. We want to know what will happen to Sokol.

Question of the Week: What Fate Awaits David Sokol?

Posted on: April 28, 2011 by Luisa BeltranNo Comments »

Create your free online surveys with SurveyMonkey, the world’s leading questionnaire tool.

Things aren’t looking too good for David Sokol, Warren Buffett’s former heir apparent at Berkshire Hathaway .

Yesterday, Berkshire slammed Sokol when it said he violated the company’s standards of conduct and its insider trading policies when he bought Lubrizol shares and then pushed Warren Buffett to buy the company. Sokol, who was chairman of several Berkshire units, resigned after his Lubrizol trades were made known.

This has been an embarrassing situation for Buffett and Berkshire. The Oracle of Omaha has always been big on ethics. He is sure to face some tough questions this Saturday when Berkshire hosts its annual shareholder meeting.

Social Scene: Hollywood Casts Hottie and Hunk as VCs, Google Ventures Goes Gaga, Clark Produces v 2.0 and More Billionaire News

Posted on: March 25, 2011 by Lawrence J. AragonNo Comments »

In this week’s Social Scene, Hollywood falls back in love with venture capital, the Google Ventures team goes Gaga, Don Valentine gets his closeup, Peter Wagner sees a sign of the Apocalypse, Jim Clark and his supermodel wife are expecting their first child, and lots more.

Have a personal tidbit you’d like to share about yourself or a friend/colleague? Email me at [email protected] I’m looking for birthdays, baby announcements, marriages, new car/boat/house/fill-in-the-blank purchases, funny quotes, vacation pics, snaps from industry events — you get the picture.

MAKING THE SCENE

In yet another ominous sign that we may be repeating the past, Hollywood is suddenly finding venture capitalists interesting again. To wit, comedian Adam Sandler is co-producing a CBS sitcom that will be set in a VC office, and the HBO drama

Chinese Carmaker BYD, Backed by Warren Buffett, Comes Under Fire

Posted on: March 9, 2011 by reuters-newsNo Comments »

An ordinary American investor would probably not put money into a foreign electric car start-up suspected of openly copying competitors, let alone one whose franchised dealers occasionally put other companies’ logos on its own vehicles. But Warren Buffett is no ordinary investor, and China’s BYD is no ordinary company. At the depths of the financial [...]

peHUB First Read

Posted on: February 28, 2011 by Jonathan MarinoNo Comments »

Buying In: JPMorgan’s new fund seeks Twitter stake

Mall Rats: Blackstone eyes $9.4B mall deal

“Our elephant gun has been reloaded, and my trigger finger is itchy”: Buffett is serious about M&A again, bullish on America, in his annual letter to shareholders

Just in Case: You couldn’t hang until almost midnight, here’s the Oscars winners list