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Leveraged Buyout

Revisiting James Stewart's Den of Thieves

James Dondero | Posted 07.01.2016 | Home
James Dondero

I recently reread Den of Thieves by James Stewart, 1991. Leverage finance remains a primary driver of revenues on Wall Street. Although the business i...

CNBC's Jim Cramer: Make Money, Don't Moralize

Timothy J. Barnett | Posted 02.21.2015 | Home
Timothy J. Barnett

Once a nation turns its back on a resolute determination to cultivate moral deservedness, political and financial superintendency passes to those who gain power illegitimately--a fact described eloquently by President Theodore Roosevelt.

Dell Game: Why Carl Icahn's Activism Is Bad for the Company

Sanjay Sanghoee | Posted 08.20.2013 | Home
Sanjay Sanghoee

Carl Icahn, relentless corporate raider, is back again and with a proposal that could put computer maker Dell on the road to becoming another Blockbuster or TWA.

Eleazar David Melendez

Billionaire Drama Over Dell As Corporate Raider Carl Icahn Threatens Company's Management | Eleazar David Melendez | Posted 03.07.2013 | Home

Until Wednesday, troubled computer maker Dell Inc. seemed headed for a buyout that would have allowed a corporate restructuring. The deal would have g...

Eleazar David Melendez

New Era Of Big Deals Should Concern Consumers, Workers | Eleazar David Melendez | Posted 02.15.2013 | Home

A recent spate of mega-mergers is leading some on Wall Street to declare the era of big deals is back. Large transactions involving household-name com...

How Dell Could Become The Tech Success Story Of The Decade

Quartz | Posted 01.16.2013 | Home

Tarkan Maner, Dell’s vice president of cloud operations, is shouting into the phone at me: “Investors are giving us some runway. We’ve got about...

'The New Tycoons': Prologue

Jason O. Kelly | Posted 12.11.2012 | Home
Jason O. Kelly

Standing in Legoland in 2011, fulfilling a promise to my then eight-year-old son William, it hit me. Practically every time I'd opened my wallet that day, it had been to a company owned by private equity. Even on vacation, I couldn't escape.

Obama vs. The Robber Baron: The Gloves Must Come Off

Sanjay Sanghoee | Posted 07.31.2012 | Home
Sanjay Sanghoee

The business model that Romney oversaw at Bain, especially the Leveraged Buyout, was questionable at best and destructive at worst, and he cannot pretend that the dangers of Bain's investment methods were unknown to him.

Romney's Bain Record: Playing By a Different Set of Rules Than Ordinary Americans

Robert Creamer | Posted 07.18.2012 | Home
Robert Creamer

Mitt Romney and Bain helped to create a new rulebook for the American economy -- one that ultimately helped lead to the economic disaster that came to a head in September 2008.

Romney's 'Business Model' Is Bad for America

Sanjay Sanghoee | Posted 07.06.2012 | Home
Sanjay Sanghoee

If you relish the idea of electing someone who has made money through a business model that, in many instances, destroys value and has negative repercussions for our economy, then Romney is your man.

Romney's Central Claim Questioned

The Huffington Post | Luke Johnson | Posted 01.09.2012 | Home

Republican presidential candidate Mitt Romney has staked his presidential campaign on his time at the private equity firm Bain Capital, arguing that t...

How Did Donahue Score That Interview? And What Is the Newest Crony Capitalism Outrage?

Cliff Schecter | Posted 05.25.2011 | Home
Cliff Schecter

In the tradition of others who have looked at the bleak social conditions that surround them and the corrupt institutions that seek not to improve things, I give you good satire.

Donahue Lands Exclusive Interview With Sacked Santa!

Bruce Kluger & David Slavin | Posted 05.25.2011 | Home
Bruce Kluger & David Slavin

2010-12-14-p.jpgSince the shocking news that a giant private equity firm had seized control of Santa's Workshop media organizations worldwide have been clamoring to land an interview with Father Christmas.

Fox News' 2010 War on Christmas!

Bruce Kluger & David Slavin | Posted 05.25.2011 | Home
Bruce Kluger & David Slavin


HuffPo Scoop: Santa Claus Sacked!

Bruce Kluger & David Slavin | Posted 05.25.2011 | Home
Bruce Kluger & David Slavin

Early this morning, Santa Claus, the jolly icon of the holidays and legendary symbol of Christmas for more than 970 years, was asked to step down from his position as chief manufacturer and distributor of holiday toys and merriment.

Christmas Crisis: Santa Laid Off!

Bruce Kluger & David Slavin | Posted 05.25.2011 | Home
Bruce Kluger & David Slavin

"Hi, I'm Santa Claus. No, not some smelly saucehead ringing a bell for the Salvation Army: I'm the Real McKringle. You know, red suit, white beard, ma...

Pre-Christmas Shocker! Heads Roll at the Pole--Wall Street Takes Over Santa's Workshop!

Bruce Kluger & David Slavin | Posted 05.25.2011 | Home
Bruce Kluger & David Slavin

NORTH POLE -- In a move that shocked analysts, delighted tinsel manufacturers and brought trading at global exchanges to a brief if stunned silence, G...

Joshua Cooper Ramo: Surprise! Global Financial Crisis Could Turn China Into A Superpower

Diane Tucker | Posted 05.25.2011 | Home
Diane Tucker

The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.

Leon Black Target Of $3 Billion Lawsuit Over Broken Huntsman LBO | Jason Kelly and Jack Kaskey | Posted 05.25.2011 | Home

June 23 (Bloomberg) -- Leon Black, founder of Apollo Management LP, was sued for more than $3 billion by Huntsman Corp., escalating the fight over his...

LBO Debt Weighs Heavily On Newly Private Companies

The New York Times | Andrew Ross Sorkin | Posted 05.25.2011 | Home

The credit quality of firms taken private in the last few years has "visibly eroded" since the credit crunch began last summer, analysts at Fitch Rati...

Lewis Black "Rants" Against Henry Kravis, Takeover Giant | Posted 05.25.2011 | Home

Henry Kravis is giving Steve Schwarzman a run for his money -- at least when it comes to public vilification. Henry KravisThe Service Employees Inter...