peHUB First Read

* Steve Rattner took the fifth * KKR backs off CAA investment: "The town is too complex for me." * Om Malik: Google's purchase of Slide "shows that Google not only has no idea what to do about social, but actually lacks the imagination to even think of anything worthwhile on its own." * Morning Call: U.S. futures point lower, London stays static, European shares edge higher and the Nikkei climbs 1.7%. * The SEC gets set to open up the proxy process * Brad Feld: How I think about seed investing as a VC * John Patrick Pullen: How Mafia Wars can fix the media * Keith Hennessey: How Obamanomics really compares to Clintonomics * Tweet of the Day: @timcarville If Barnes & Noble winds up on the auction block, I plan to go to the sale, pretend I'm interested in buying it, use the bathroom, and leave.