peHUB First Read

Greetings from moonlit (and Strip-lit) Las Vegas, where I’ll be based for the next two days. Here are some quick links to kick off your Monday:

* Stan O’Neill is out as CEO of Merrill Lynch, after “sickening” third-quarter losses. 

* The latest venture capital performance stats, from Thomson Financial and the NVCA: VCPerformance.pdf

* The NVCA today also sent a letter to Congress in opposition to increased taxes on carried interest. It was signed by 500 VC-backed entrepreneurs, and can be read here: EntrepreneurLetterpdf.pdf

* Could pending Harrah’s owners Apollo and TPG have a $2.8 billion problem on their hands?