peHUB Second Opinion 11.13
Op-Eds: Jamie Dimon writes, "No bank should be too big too fail." (WaPo) Exit Signs: Looking closer at Castle Harlan's exit on United Malt Holdings via BusinessWeek. I'll save you the time if you only care about the return: They made 4.5x on a $90.5 million equity check with an 80% IRR. (BW) TPG's Troubles in Australia are seen as a one time situation. (Background: The Australian Tax Office was seeking to freeze the payment of TPG's proceeds on the IPO of Myers.) (Business Spectator) Up: Dollar General shares traded up on the first day. (AP) Fire Your Superstar CEOs: Paul Kedrosky unearths that "superstar" CEOs, the kind that award-winning CEOs underperform, spend more time on public and private activities outside their companies writing books or on boards, and are paid more. (Infectious Greed)
