Parents vs. kids

By rickColosimo / February 25, 2008 /

Most people approaching middle age from well-to-do families or with professional careers are looking forward to a time when they can make themselves independently wealthy: having enough money, in your control, to create passive income sufficient to meet your needs. In working with various families through our relationships with businesses of all sizes, we have…

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Math doesn’t lie

By rickColosimo / February 24, 2008 /

The linked article from the New York Times purports to reveal how hedge fund managers are profiting from inside information (the term of art is “material nonpublic information”). In this case, the secrets refer to pending PIPES (private investment in public equities). If, as the article suggests, a pending PIPES deal is likely to cause…

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MSFT-YHOO: what does it mean?

By rickColosimo / February 9, 2008 /

The linked article from the NY Times argues that Microsoft’s offer to buy Yahoo signals Microsoft’s failure in growing a profitable, competitive online business organically. This might be true to the extent that Google is unmistakably the biggest dog in the fight, but it’s not the whole story. A significant problem for companies as large…

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Microsoft – Yahoo: working against the deal

By rickColosimo / February 9, 2008 /

A number of stories since the Microsoft bid have discussed what Yahoo might do to avoid Microsoft’s offer. Too few stories have explored what Yahoo actually has to do: the board’s fiduciary duties require it to maximize shareholder value. Anything less than that opens them up to suit for breach; the business judgment rule will…

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