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What to make of the KKR move?

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Kohlberg Kravis Roberts (KKR)
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The poor performance of the Blackstone Group in the IPO aftermarket doesn't seem to be slowing the rush of private equity firms heading for similar offerings. Kohlberg Kravis Roberts, as expected, has signaled that it will hit the trough fairly soon. Some interesting tidbits emerged from its filing: The firm has returned 20.2 percent (net of fees) since 1976, and it has $9.3 billion out of $53.4 billion in credit funds. For contrast, Blackstone has about $80 billion under management. Neither potential legislation nor choppy markets are affecting these decisions. You get the sense that the window is closing. It's now or possibly five or ten years from now (never say never). Others will likely follow. You have to wonder what people in Congress are thinking.

For more:
- here's the New York Times article

Comments

Every tax seasom there is a gullible CEO, whom operates on emotions and more than likely has too, many family members on the payroll, who can not comprehend the organizations mission statement.
For instance, fantasy soda, a soda distribution and manufacturer for cheaper soft drinks in the impoverished communities. The family did not like the roles he and she was playing in the organization and began slandering the corp. Second, the funds were mismanaged. This goes on for years, because some poor sap is still remembering what his or her mother told them over 40 years ago.
I am not a family hater, but come on you are the keeper of grown folks till he or she dies. Mama wanted it that way. No, this cliche was made up by thefamily member who is going to do the drugs or sell the drugs and then after the travesty and trauma, returns and says, "I remember when we were little.." and whatever heart clenching aria afterwards.

Bottomline if the family members have no job skills why hire them? You can go in your pocket and give them change; you do not have to have him or her destroying your hard work in an organization.

The topic is really I went bankrupt hiring people whom had no idea what a general ledger was and had no intentions of finding out. It absolutely makes my skin crawl to watch innocent CEO's get duped into situations which do not assist the community, there is no lesson learned. A CEO discriminates against the knowledgeable so he or she will not get hurt by the poor. This decision has everyone with poor health, no health care, and dental caries. Why? because the CEO, refuses to change. Terminate, cut the damn fat, and get rid of the losers, send him or her to counseling, better yet remove codependant people out of your life.

The church does not say allow sick people to become a growth on you. The bible does not state to allow derelicts to eat off of you, no where is it written that you have to ruin a sloth's life.

In essence this is what is happening,the payroll is ruining the sloth's life, he or she or them live lascivious and have no idea how to swim for themselves.

The president has stopped helping souls like this, mental health care is cutting the fat, homeless shelter is cutting the fat, welfare has a system for workreform, there is no free lunch in America. Everyone's life begins frivoulous, then with constant repetition of living for yourself and relearning ideologies, you become graceful. It is good that the stocks are being issued out to the public. Now experienced stake holders can make decisions, because rewarding a derelict for not completing a vital task at the work place is deplorable. Democracy works for this organization, because you tried it the democrats way, help the lost sheep. and the sheep turned into an impromptu costly lamb who has no work ethics, is violent, and untrustworthy. But the family stayed together.

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