peHUB Second Opinion 10.20
Who's Powerful in New York? Not buyout pros! At least according to New York Mag's "power dozen" list, which includes private equity reformer Andrew Cuomo, and Mike Fishman, a chapter president of another private equity enemy, the SEIU. (NY Mag) What, No Thanks? The Wall Street giants that received a financial lifeline from Washington may have no compunction about paying big bonuses to their dealmakers and traders. (Dealbook) Lehman's Collapse Unveiled: Recently unsealed court documents show some interesting email exchanges in the hours before the Lehman/Barclays deal. The Wall Street Journal's Bankruptcy Beat has the best line from an email from Alex Kirk, Lehman's key negotiator: "Rich Ricci just told me he won't blow up this trade by being a pig."
