Justify Yourselves Once Again: Ah, yes, the age-old question. Does private equity create value? Here’s one brand new post on the topic via the Harvard Law Blog, and here’s a teaser for a brand new book on the topic (which argues decidedly against private equity) called the Buyout of America by Josh Kosman.
Icahn’t: Carl Icahn is so over blogging. (Hedge Hub)
To LPs: You have an advocate. And he says you deserve more information. (James Bachman)
How NOT To Get A Job on Wall Street: A tale of Jeffrey Chiang, a guy who saw several hiring processes going very, very sideways. Probably around the time he manufactured a competing offer email and spelled the firm’s name (Bank of America) wrong. Yikes.
The Pay Czar May Like This Data: More compensation does not make people more motivated and better at their jobs after a certain level, according to a new study. (Adam Pasick)
Self-Congratulatory Milestones: This is my 1,000th post on peHUB!