Excerpts: “Robert H.B. Baldwin, Transformer of Morgan Stanley, Dies at 95” Robert H.B. Baldwin, a Wall Street maverick who presided over the transformation of Morgan Stanley from a prestigious but staid old investment bank into a modern, competitive financial services corporation in the 1970s and early ’80s, died on Sunday at a nursing home in […]
Excerpts: John Stevens Sheldon recommends Deepak Moorjani In my seven years at The Lodestar Group/LSG Advisors and my eight years at Goldman Sachs, I have had the pleasure of working with many exceptional bankers. Of all the MBA candidates for whom I have chosen to write recommendations, Deepak stands among the top candidates in terms
Excerpts: “Kemper Agrees To $2 Billion Takeover Led by Zurich Group.” The Kemper Corporation, ending a yearlong effort to sell itself, said yesterday that it had agreed to be acquired by the Zurich Insurance Group and a group of American investors for $2 billion. As an independent company, Kemper failed to produce the profit that
Excerpts: “Executive Changes: The Lodestar Group” Lodestar Group, an investment banking firm formed by Ken Miller, appointed Wayne Thornbrough, formerly of State Street Research and Management Co., chief investment officer. In addition, John Sheldon from Goldman, Sachs and six Merrill Lynch Capital Markets executives, plus one from Merrill Lynch Japan were hired as vice presidents.
Excerpts: “The Battle Over ‘Going Private’” When a public company goes private—that is, eliminates its outside stockholders by one of several means such as merger, reverse stock splits or buying back shares—who should regulate the substance of the transaction? Should it be the Federal Government, through the Securities & Exchange Commission which watches over the
Excerpts: “Market Place.” In a recent article in the New York University Law Review, Arthur M. Borden argued that going‐private transactions are not only legal but also desirable—in certain circumstances. Mr. Borden, a member of the New York bar and adjunct associate professor of law of the New York Law School, believes, however, that there