Blogentary

Employee Stock Options Agreements

Depiction of the Devil via Codex Gigas The allegedly intentional misdirection of language in an employees’ stock options agreement demonstrates the lengths that some firms and managers might go to apparently mislead or gain an advantage over other people, clients,…

Remember The Good Old Days Of LBOs?

Remember the good old days of leveraged buyouts (LBOs)?   You know, buy control of a company by using a pile of debt, firing a lot of employees, and selling some hard assets.  Then, use the cash flow to pay…

Stupid Is As Stupid Does

Cerberus by William Blake (1757-1827) According to Coller Capital, and highlighted by Jason Kelly at Bloomberg, investors’ newfound selectivity will help eliminate 20% of private equity firms. Just one of many reasons is alluded to by the June 13, 2011…