First Read ushers in your morning with news that Apple Music is facing antitrust scrutiny, [...]Continue
The Vistria Group, co-founded by Marty Nesbitt, a longtime friend of President Barack Obama, has [...]Continue
First Read navigates the Nor'easter with news Deutsche Bank has been charged with tax fraud, [...]Continue
The Obama Admin approved a bail-out related tax inversion in 2009, the spotlight is on [...]Continue
Yanev Suissa, formerly affiliated with New Enterprise Associates and a onetime investment official in the [...]Continue
To take you into this Memorial Day weekend, First Read has news that dry powder [...]Continue
President Obama brought new attention to the carried interest debate on Wednesday by unveiling a [...]Continue
Gov. Mitt Romney picked up more supporters after the Supreme Court chose not to overturn President Obama’s healthcare law, according to our latest poll.Continue
Given the heated reaction to today’s Supreme Court ruling on the healthcare law, we thought it would be a good time to revisit how peHUB readers are feeling about the presidential race. Have you changed your mind since we last polled you on the topic in May?Continue
Asked to choose between the two leading candidates, 308 readers (or 55.9%) say Romney should be in charge, while 243 (44.1%) said President Barack Obama deserves a second term.Continue
(Reuters) – President Barack Obama’s re-election campaign on Monday stepped up its criticism of Mitt Romney for cutting jobs when he was a business executive, despite a warning from a leading Obama supporter that the attacks have gone too far.Continue
You’d think Gov. Mitt Romney could capture at least 90% of the vote on a website called “PE” Hub, but one day into our latest poll he’s captured less than 60% of the votes from peHUB readers.Continue
In one of the more surprising revelations to come out of Walter Isaacson’s new, best-selling biography of Steve Jobs, Jobs apparently told President Obama last year that he was “headed for a one-term presidency” if he didn’t adopt more business-friendly policies that would make the U.S. more competitive with China. As news organizations glommed on […]Continue
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Dunkin’ Brands filed for a $400 million IPO yesterday, but somehow that news — or any business news — just doesn’t seem that important. The death of Osama bin Laden has dominated headlines all week.
Today we’ve learned that the White House will not be releasing pictures of Bin Laden’s corpse and that OBL wasn’t armed when he was killed. U.S. intelligence sources have known for years that bin Laden wasn’t living in a cave but in a comfortable villa in Abbottabad, Pakistan. OBL’s wife, who was with him in the Abbottabad compound, tried to save him and was shot.Continue
President Obama weighed in on the global energy debate again Thursday with a call that the United States reduced its use of imported oil by a third. This decade-long goal is a welcome and ambitious target. But it will likely meet resistance from global-warming Republican skeptics. In fact, even as Obama spoke, critics of climate […]Continue
Quadrangle Group went on the offensive today, sending a letter (see link below) to LPs detailing fund performance progress, portfolio company activity and personnel developments at the firm while reaching out to the media. The idea was to cut through recent headlines that suggest a firm falling apart since the departure of founder Steven Rattner to one that is transitioning to more of a portfolio manager. I’ll have a more in-depth story in the upcoming issue of Buyouts.
Quadrangle execs Michael Huber and Joshua Steiner (who will be transitioning out of day-to-operations at the firm) stressed in an interview that the firm has been concentrating on aligning Quadrangle’s interests with its investors. To that end, the firm has reduced management fees. Managing Principals Huber and Peter Ezersky also plan to invest millions into the firm and devote a cut of their carry to continuing staff and new staff to keep them motivated.Continue
Last week, the New Yorker published a piece by Malcolm Gladwell, in which “The Tipping Point” author argued that “social media evangelists” vastly overstate the value of social media in activism. I disagreed with much of the piece, but more interesting is the perspective of Facebook co-founder Chris Hughes, who led most of the company’s product […]Continue