peHUB First Read

* Is Fortress Investment Group on the edge of insolvency? * Don't blame CEOs for coveting perks. It's just in their DNA. * Morning Call: U.S. futures point lower, Europe heads higher on pharmas, the Nikkei falls on yen and Hong Kong jumps on China rate cut talk. * I'll be at the Columbia PE/VC Conference this morning, to moderate a panel on the "broken" venture capital model. Too bad I'll need to drive back to Boston before Chris Flowers speaks, although I don't think there will be a lack of other hacks trying to get a piece of him. * New IRS data from 2006 shows that the rich got richer, but paid less.

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