Uh-Oh: Pension funds are short on dough, too.
Heller Ehrman No More: The 188-year-old firm will cease to exist on November 28.
Stop What You’re Doing: And read this assessment of the two actions that companies and firms under peril take: Finger pointing and Frenetic (and unproductive) activity. John Kotter explains why they just don’t work, and what to do about it.
Hungry For Leverage: Well, maybe not hungry, but Goldman isn’t de-levering like everyone else in the country, Dealbook reports.
Last Call: ON Semiconductor is desperate for your private equity money.
Blame It On The Media: The New Yorker discusses the eternal conflict between getting it first and getting it right. Everyone subscribes to the cult of the scoop, but does it have to be a tradeoff, Dow Jones?
Red Letter Day: Naked shorts rounds up a whole lotta bad news via investor letters from hedge and PE funds.
A Big Banker Speaks Out: One anonymous take on why the government should provide more money to regional banks than the big banks, via Joe Nocera.
Seoul Train: Blackstone’s on it. The firm has committed to spending $2 billion for co-investment deals with South Korea’s national social-security fund.