peHUB Second Opinion 10.27.08
Joe Nocera: Pointing out the dirty little secret of the banking industry. Hint-it has to do with bailout money. A Guide: A new Dealbreaker lesson on how to endure the inevitable implosion of your hedge fund. The first edition: keep up appearances. Speaking of Guides: Jack Flack, the PR pro, writes six steps for becoming a corporate villain. Best one is "Say one thing; ooze another." 20/20 Retrospect: Shoulda, Woulda, Coulda. Companies like Yahoo, Take-Two, and Diebold should've taken their buyout offers when they got 'em because their rebuffs may well have cost them half of their value. If any PE firms have the capacity and desire to go hostile, this may well be a convincing argument. WSJ reports.
27 October 2008•2 mins read
