peHUB First Read

* The past decade's top-paid CEOs * David Beisel: Micro-VCs are all BFFs... forever? * Philip Mirowski: The mortifying (and ongoing) response of economists to the financial crisis * Morning Call: U.S. futures point higher, London rises early, European shares hit 5-week high, the Nikkei falls and Shanghai stocks snap win streak. * Henry McCance: Four things great VCs do and four ideas to guide them * CB Insights finds serious shrinkage in the size of seed-stage deals in Boston and New York. * Meeting marker: SEC chair Mary Shapiro will speak this morning on implementing new financial regs * McKinsey & Co.: U.S. multinationals represent less than 1% of all U.S. companies, yet they accounted for 23% of U.S. private sector GDP in 2007 * Peter Morris: “Calculating returns on private equity is not a trivial issue. The most widely used measure, the IRR, is misleading and often overstates realised returns. This creates room for uncertainty, at best, and, at worst, manipulation.”