peHUB Second Opinion 8.4
This year the bonuses will be distributed in blood diamonds: I love it when satire becomes reality. Weeks ago the New Yorker published a mock internal letter from Lloyd Blankfein to Goldman Sachs employees, asking them to cut down on conspicuous consumption in light of the firms egregious bonuses. This week Blankfein does just that, according to the New York Post. At It Again: That eternal thorn in private equity's side, Andy Stern, has filed a big private equity diss in the Wall Street Journal's op-ed pages, focusing on bank investments.(WSJ) They're Already Longer Than Most: "Fundraising cycles for large private equity houses are likely to lengthen as the slow pace of investment leaves many with unspent capital from previous funds, said the head of HarbourVest's fund of funds business in Europe." (Reuters) Pundit War: Its blogger versus talking head. Charlie Gasparino of CNBC says Felix Salmon (of Reuters) has a "bizarre, on-again, off-again obsession" with him. Appalling that Salmon can't even be consistently obsessed with a CNBC anchor. (Business Insider)
