Since it’s an award that I made up two minutes ago, I figure I can award it to whomever I darn well please. So this month’s Man of the Year award goes to accused Perot Systems insider trader Reza Saleh. By now you’ve all heard that Dell agreed to purchase services provider Perot Systems for [...]
Entries from September 25th, 2009
Getting Ready For A Societal Nadir, And More
September 24th, 2009 · No Comments · links
The Epicurean Dealmaker tipped me off earlier this week to the impending nadir of Western civilization, which will arrive in the middle of the afternoon tomorrow. Hope you’re ready (we’ll be having cookies at my office to celebrate, though we’ll be telling my coworker JW that it’s for his birthday): An international panel of leading [...]
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Shamu, Meet Your Private Equity Overlord Master
September 23rd, 2009 · 3 Comments · markets
Rumors! Blackstone to acquire Sea World? Soooo – I just got a tip that there are Blackstone peeps hanging out at Sea World right now. It’s consistent with the rumors that InBev wants to offload the theme parks, and Blackstone already owns a big chunk of Universal Orlando, so yes, we hope to soon have [...]
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Bank Wi- Crap. I Can’t Say It.
September 23rd, 2009 · 1 Comment · all ur bankz, regulatin, win
As was inevitable, legislation is working its way through Congress to regulate the overdraft fees that banks charge their customers. Depending on whom you ask, the fees are either an expensive short-term loan given to account holders without their knowledge, or a customer service and just another way for the bank to show you it [...]
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In Soviet Russia, Kalashnikov Bankrupts You
September 23rd, 2009 · 7 Comments · markets
So we heard that Kalashnikov – the makers of the AK-47 and, also, a fine vodka in an even finer rifle-shaped decorative glass bottle – is filing for whatever is the Russian equivalent of chapter 11 bankruptcy. Straight out of Pravda: The Court of Arbitration of the Republic of Udmurtia registered a petition in bankruptcy [...]
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