Excerpt: Robert Baldwin’s return to investment banking Speaking of dealmakers: CEOs of undervalued companies may be getting a call from former Morgan Stanley chairman Robert Baldwin. After five years in semiretirement, Baldwin, 69, is chairman of a year-old investment banking boutique called Lodestar Group. With nearly $300 million provided largely by Japanese investors, Lodestar has […]
Excerpts: “Those Write-Offs At KinderCare” Watching with what must have been some nervousness were the principals of the Lodestar Group, an investment banking boutique that is underwriting an unusual recapitalization and split-up of the two companies. Lodestar could end up on the hook for up to $160 million if KinderCare’s share price falls below $5.75
Excerpts: “A Wall Street Boutique Names a Senior Partner.” The fourth senior partner was announced by Lodestar yesterday. Robert H. B. Baldwin will assume the chairman’s title at Lodestar from Ken Miller, who will remain chief executive. Mr. Baldwin, who is 68 years old, has been semiretired for the last five years since he stepped
Excerpts: A Merchant Banker Starts Own Firm Ken Miller is resigning as vice chairman of Merrill Lynch Capital Markets to start his own firm for buying out companies or taking controlling interests in them. Mr. Miller received his undergraduate degree from the University of Michigan and a master’s degree in Chinese studies from Yale. His
Excerpts: “Rogers’ Tough, Unorthodox Tactics Prevail in Stevens Organizing.” Most recently. Mr. Rogers threatened to contest the election of directors at Metropolitan Life Insurance Co., one of Stevens’ major lenders. That prospect inspired Richard Shinn, chairman of the big mutual insurer, to do some behind-the-scenes maneuvering shortly before the final settlement between Stevens and the
Ray Rogers: “Economic power breeds political power” Read More »
Excerpts: Show ‘Em The Clenched Fist! All that it took was a Sept. 11 press conference announcing that the unionists and their allies in churches and other do-gooder groups intended to nominate two outsiders to run against the administration slate in the April board election unless New York Life severed its interlocking directorates with J.P.
Manning Brown Jr.: “I consider it my duty to protect our policyholders” Read More »
