peHUB First Read

* Mark Suster: Are business plans still necessary? * Will Jon Corzine return to Wall Street? (my bet is a private equity firm, but I'm thematically biased) * Microsoft lays off Don Dodge, who was basically the software giant's flesh-and-blood ambassador to startups big and small. Arrington nails it. * Morning Call: U.S. futures point lower, London falls early, European shares drop in anticipation of BoE and ECB decisions, the Nikkei loses 1.3% and China shares hit one-month high. * CNBC's 15 most embarrassing bloopers * Recession's Dividend: A bumper crop of corporate tax credits * Does the Yankees' victory portend a stock market rally? Well, maybe not. * What's a few million between cronies? WSJ discovers that private equity firms paid ARVCO $65 million to secure business with CalPERS, rather than the originally-reported $50 million.