Recession Thinking For Private Equity
When times are good everyone wants a piece of highly successful companies that churn out steady profits with unshakable consistency. But what happens when the skies darken and making hard choices become a matter of survival?
During these difficult times it remains to be seen whether private equity and venture capital firms will emerge as good [...]
Branding for the new economy
As I endlessly reword my Bernie Madoff story (surely the 8,756th of its kind written in the past month), I looked over at a folder on my desk labeled “Branding.” It refers to hedge fund branding, a feature story I planned to write six months ago in a different world.
How quaint it now seems. [...]
Economic-related suicides
Reuter’s says the increasing number of suicides is related to shame more than loss.
Thierry Magon de la Villehuchet (December 23, 2008)
Co-founder and chief executive officer of Access International Advisors. Duped by Bernard Madoff.
Adolf Merckle (January 6, 2009)
German billionaire who made a bad bet on Volkswagen.
Steven L. Good (January 7, 2009)
Real estate power broker.
American Bankers have no shame
The Moral Stage of Wall Street from The New Yorker. Thanks, Ben.
Swiss bankers are not known as paragons of transparency and moral accountability, so it’s a nice surprise to read that the top officials of UBS, the foundering financial institution recently bailed out by the Swiss government, will forgo twenty-seven million dollars in compensation and [...]
Recession starts to hit home
Message sent to a friend from his CEO. There are lots of messages like this going around:
I’m sorry to say that in light of deteriorating market conditions, senior management has deemed it prudent to institute a salary freeze. What I said last week still goes–we are widely diversified in our revenue streams and are in [...]
Trust us
As with Anna Karina, we prefer to remember the U.S.A as she was in the 1960s.
Seek and ye shall find
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Josh Friedlander’s Twitter Feed
- JoshFriedlander: RT @realrobcopeland: The indices involved declined to comment, choosing to express themselves instead as line graphs.
- JoshFriedlander: You should be reading @kanyewest right now. Is this guy Andy Kaufman back from the grave or is this sh@t serious?
- JoshFriedlander: RT @askanyone: ‘We do not talk, we bludgeon one another w/ facts & theories gleaned from cursory readings of newspapers, magazines & dig ...
- JoshFriedlander: RT @GerryDuggan: Of everything that went away last year I'll miss due process the most.
- JoshFriedlander: One of the best people to follow, with consistently good tumblr&twitter updates: @glendaluft http://t.co/8wKHUGfk