Cerberus Capital, a well-known private equity fund, recently won a short trial in the Delaware Chancery Court allowing it to terminate its acquisition agreement with United Rentals and pay the $100 million termination fee set forth in the contract. The WSJ article spells out the details and the background well, referencing the actual parties and…
Read MoreMichael Princi and Rick Colosimo announce the founding of The Wolfhound Fund, a nonprofit entity, whose mission is to help nonprofits and their officers and directors with increasing the returns on the social capital invested in and by the organization. This ROSC measure corresponds to the use of ROIC for for-profit entities. In general, ROSC…
Read MoreWe see (and get) emails like this all the time (NB: one of us is a former practicing corporate lawyer): Subject: Looking for good business attorneyI just started at a small XYZ firm/company and am looking for a referral to a good business attorney for general legal matters. We’re looking for a good balance of…
Read MoreWe recently came across this brief interview from a “political philosopher.” Of course, that’s not going to mix well with our nothing-but-the-fundamentals view of business and achieving goals. (We tend to leave the philosophy for the goal-setting.) In brief, the gentleman says that Warren Buffett’s generous gift to charity, rivaling the US’s most revered benefactors,…
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