peHUB Second Opinion 2.2
Must Read: PE "has yet to acknowledge what many of its investments probably are worth: little or nothing," Barons reports. And it's a good argument-PE pros are talking a lot about the buying opportunities, but how honest are they being about their crappy underwater mega-LBOs? (Baron's) Seriously: Kedrosky calls out CEOs ludicrous $1 dollar salary antics, which he says "mostly reminds employees how crazily overpaid the CEO was in the first place." (Daily Beast) PE Consolidation: Again, I disagree that PE firms will ever consolidate amongst themselves, but others seem to think they will. (FT) Good God: WWD reveals Bank of England's ridiculous dress codes, where female employees are required to wear makeup and heels. (The Cut)
2 February 2009•1 min read
