peHUB Second Opinion 3.10.2009
Slow News Day: So yesterday there was an Economist story that mentioned Henry Kravis paid $22 million for this ugly chair. Of course, snark-tastic blogs Gawker and Dealbreaker picked up on it. Well, this info, which is apparently untrue, annoyed the folks at KKR enough to send out very prompt and categorical denials of such an instance. Even Kravis himself emailed Gawker. (So that's what I have to do to get in contact with him?) Capping off the zany gossip hijinks now known as "Chairgate" (thanks, Dealzone), we can rest in peace, as The Economist has issued a correction. I consider this entire trivial thing further proof that (A) there is seriously nothing going on in private equity these days and (B) PE pros will forever be sensitive about their post-Schwarzman Birthday lavishness. Whew. In Other News: Bankers are starting to think they'd be better off at a smaller, nimbler firms. (Dealbook) B-Schools and the Almighty Dollar: "A business school dean argues that students should be taught the societal value of business, not profit at any cost." Sounds nice in theory. (BusinessWeek) No Surprise Here: Michael Moore is looking for "Streeters" to have a "casual chat" with about Wall Street for his upcoming unnamed project. Wall Street Folly calls it a "Career Death Wish." (Wall Street Folly)
