peHUB First Read

* Louise Story's post-mortem on Cerberus' Chrysler adventure. * Wal-Mart vs. Girl Scouts * Morning Call: U.S. futures point lower, London falls early, Europe down on banks and commodities, the Nikkei hits a 10-month closing high and Chinese shares slip. * Stupid is as stupid does: Wall Street returns to guaranteed bonuses. * Venture capitalist Fred Wilson on doubling-down: "It is also important to recognize that some investments cannot be fixed. And in those cases, painful as it is, the right thing to do is shut the company down or sell it if a buyer can be found. I prefer the latter outcome, even if getting it is more costly to the investors. Finding a 'home' for a company and a team has reputation benefits that accrue to the VC investors over a hard shutdown." * Another week, another PE-backed IPO on tap. This time it's Emdeon Inc., which is backed by General Atlantic and Hellman & Friedman.