Busted Auction: Sara Lee decided against selling off its household products businesses.
He Said She Said: TechCrunch and VentureBeat square off on whether or not Facebook is desperate for cash.
No Regrets: Schwarzman says he wishes his 60th birthday party hadn’t become the symbol of the go-go years of private equity. Bruce Wasserstein notes, “It was a great party.”
Reality TV Meets CNBC: Dealbreaker suggests Charlie Gasparino star in a reality TV show.
Recessionary Voting: This will be the first recessionary election in 40 years.
Carlyle Scoops: The firm raised 530 million Euros for a tech-focused buyout fund in Europe, the FT reports.
KKR Call: The reason for the firm’s IPO delay? “Process Related.” Not “market related.” That’s tough to buy, but Ok…
Speaking of TV: BusinessWeek TV has been cancelled so that the media group can “focus on our core assets.”
I Was Wrong: In thinking that alcohol-related investments would be recession-proof, as people drown their sorrows in booze. In Great Britain, “Pub closures have accelerated to five a day as a result of the economic slowdown, according to the British Beer & Pub Association,” the FT writes.
BusinessWeek: The Value of an MBA.
Good Advice: How to best handle a shitstorm of negative media coverage, whether you are a company, firm or politician.
Sidelined: PE Firms are being much, much more cautious about investing in financial services than they were at the start of this year. (Dealscape)
Blogonomics: Why we’re important but perhaps not the most viable business model.