Archive for the ‘Business’ Category
Early Birds (Dealmaker Apr/May 2008)
Early Birds: At 540 Park, power breakfasters always get the worm.
If breakfast is the most important meal of the day, the power breakfast could prove the most important meal of your career...particularly at 540 Park at the Loews Regency Hotel, the legendary Midtown eatery that gave birth to Manhattan’s morning-meeting tradition.
Seeing Eye to Eye (Dealmaker Apr/May 2008)
Seeing Eye to Eye: Morgan Stanley’s Peter Crnkovich takes up his firm’s charitable legacy.
In 1997, Morgan Stanley’s Peter Crnkovich was faced with a question many parents dread: “Dad, can I have a puppy?” Little did he know the answer to his then-11-year-old daughter’s prayers would lead him to a longstanding role on the board of The Seeing Eye, a Morristown, New Jersey–based nonprofit that trains canine companions for the blind.
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Romancing the Stone (Trader Monthly Apr/May 2008)
Romancing the Stone: For decades, Martin Rapaport has tried to create diamond futures, running afoul of the industry. A study in tenacity.
“We’re at the very beginning of the birth process,” says Martin Rapaport of his crusade to launch a futures contract for diamonds. His tone is strikingly upbeat for someone whose life’s work has been marred by so much failure. “Something has to happen.”
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Biz Bites (Financial Week: Mar 10, 2008)
As the end of yet another merger boom nears, new research indicates some companies could do better by holding off on that purchase sitting in the pipeline. A study by Michigan State University professor Gerry McNamara and his co-authors looked at more than 3,000 public companies involved in industry acquisition waves between 1984 and 2004, and found that acquisition returns bottom out about two-thirds of the way through a cycle. Early birds saw stock gains averaging 4.2% post-deal, while companies that hopped on the bandwagon later experienced an average 3% drop in share price. What gives? Early movers tend to make better-researched choices and buy at more advantageous prices, while latecomers are more likely to lose value because they often act on market hype rather than on rational financial decisions.
Smart Cookie (Dealmaker Feb/Mar 2008)
Smart Cookie: A decade ago, Credit Suisse underwrote one of the more unlikely IPOs of the 1990s.
When Keebler Foods — the cookie-and-cracker company personified by pint-sized creatures who live in a hollow tree — went public in January 1998, it wasn’t elfin magic that whetted the market’s appetite. The $321 million initial offering had all the right ingredients: one venerable brand name, two food-industry veterans and a sweet turnaround story. Read the rest of this entry »
Bringing Home the Bacon (Dealmaker Feb/Mar 2008)
Bringing Home the Bacon: Michael Gordon helps Share Our Strength fight childhood hunger at home.
For Merrill Lynch media/telecom banker Michael Gordon, working with Share Our Strength, a respected charity that tackles world hunger, came almost as naturally as cooking up a deal. As with most of his business transactions, Gordon’s involvement with Share Our Strength stemmed from relationships: A client, veteran entertainment executive Neil Braun (NBC, Viacom, Starz Media), recognized both his pragmatic skill set and interest in the issue and recruited Gordon to join him on the charity’s board two years ago. Read the rest of this entry »
NYMag.com – Company Town (Feb 8, 2008)
Click here to read the round-up.
NYMag.com – Company Town (Feb 7, 2008)
Delta and Northwest to Fly in Formation and more…
