Photograph by Ethan Miller/Getty Image
A Bushmaster Firearms rep, right, shows an attendee a semi-auotmatic Bushmaster Enhanced Adaptive Combat Rifle (ACR) at the Bushmaster Firearms booth at the National Shooting Sports Foundation's 34th annual Shooting, Hunting, Outdoor Trade (SHOT) Show.
Guns and Private Equity – Cerberus: Teacher-Clients’ Interests in Mind
It didn’t take long for Cerberus to remember who its masters are. The New York-based private equity firm, which takes its name from the mythical three-headed dog that guards the gates of Hell, said late yesterday it would sell Freedom...
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Photograph by David L Ryan/The Boston Globe via Getty Images
Mitt Romney, head of Bain & Company, Inc.
Bain (The Man) Speaks Out
We’ve heard from Bain, the Firm. Now there’s something (a little something) from Bain, the Man. The Daily Beast coaxed the hyper-private Bill Bain into addressing the criticism directed at his namesake firm and his protégé Mitt Romney’s tenure there...
Read more »From a KKR Perch, More Scrutiny Ahead for Wall Street
Vikram Pandit’s abrupt departure from Citigroup today is yet another reminder that Wall Street, while healing, is still in a state of existential crisis. Big questions abound about the future of the big banks in the face of a sluggish...
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Photograph by Victor J. Blue/Bloomberg
Stephen Schwarzman, chairman and chief executive officer of Blackstone Group LP.
Private Equity’s Election Bounce?
Could all this madness actually be good for business? After enduring almost a year of attacks on private equity, one of its chief practitioners seems to think the industry could come out ahead when the November dust settles. Steve Schwarzman,...
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Photograph by Nicholas Kamm/AFP/Getty Images
Mitt Romney at a town hall meeting in Grand Junction, Colorado.
Romney Transcends Private Equity… Until He Doesn’t
So just how big a drag is Mitt Romney’s history in private equity? Not much, if you believe the latest NBC News Wall Street Journal Poll, which involved interviews from Sept. 12 to 16 with 900 registered voters. Voters ranked...
Read more »Bain Meets Bane
Protests outside office buildings featuring oversized characters are not startling to midtown Manhattan workers on lunch break, but few combine the GOP presidential nominee and a summer blockbuster villain. United NY, an organization that advocates for higher wages and has...
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Photograph by Tony Dejak/AP Photo
A union rally in Cleveland where organized labor was rallying for public employee collective bargaining rights.
Bain Hits the Road, Spirit of Mitt in Tow
Bain is squeezing past the elephant in the room to get back on the road. Despite a blizzard of publicity sparked by its famous founder’s candidacy, Bain Capital is officially pitching investors on its new fund, formally known as Bain Capital Fund XI. While...
Read more »A Governor, Mayor and Steelworker Walk into a Private Equity Event…
With apologies to those in the public relations profession, press releases tend toward the mundane, even in the high-stakes world of mergers and acquisitions. Numbers, anodyne quotes and lists of high-paid advisers are the norm. However, today’s announcement from private equity...
Read more »Loving the Game, Hating the Player
Another day, another Dem defending private equity. Steve Rattner, a former Obama administration official, stepped into the election debate around buyouts in this morning’s New York Times, navigating a delicate argument that simultaneously supports the industry (of which he’s a...
Read more »Why Cory Booker is Private Equity’s Unlikely BFF
Henry Kravis and Steve Schwarzman should be scribbling thank you notes to Cory Booker today. The Newark mayor ignited a campaign firestorm over the weekend, calling for a stop to attacks on private equity, going so far as to call them “nauseating” and...
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