Elon Musk
WALL STREET June 22, 2022
Notes on Musk’s latest head-scratching monkey wrench in the Twitter saga, and the unveiling of a grim reality: inflation may be roiling the nation, but senior bankers are worried about what the stagnating deal flow will mean for their seven-figure bonuses.
Elon Musk
WALL STREET June 19, 2022
Notes on the Musk-Twitter town hall and Wall Street’s evolving arbitrage opportunity, and some hard truths about the crypto crash.
Shari Redstone
HOLLYWOOD June 19, 2022
The inside conversation in Hollywood and Wall Street about Chapek’s future at Disney and Redstone’s M&A itch amid a looming recession.
Larry Summers
WALL STREET June 15, 2022
In an alternate universe, Obama would have picked Larry Summers to run the Fed in 2013. And we probably wouldn’t be in our economic fix if he had made good on his promise.
Elon Musk
WALL STREET June 12, 2022
There are a lot of losers in Elon Musk’s hostile, weird, off-the-rails takeover/walk-away from Twitter—the company’s employees and board, chief among them. But the most vulnerable players may be the arbitrageurs.
joanna coles and bill ackman
WALL STREET June 8, 2022
The pandemic will forever be remembered on Wall Street as the height of SPAC-mania, a consensual hallucination in which everyone, from Ackman to A-Rod, got in on the SPAC craze. It may have been easy to raise all those billions, but it turned out to be much harder to put them to work.
Jamie Dimon
WALL STREET June 5, 2022
Wall Street and business gossips are already speculating about Jamie and Sheryl’s next moves. Plus: How Elon shot himself in the foot.
Powell and Biden
WALL STREET June 1, 2022
Biden has wholeheartedly endorsed Fed chairman Jerome Powell’s painful decision to take the punchbowl—ZIRP, Q.E., etc—away after 14 years. Does the political calculus suggest a short-term recession and midterm bloodbath followed by a rebound in ‘24?
The simplest explanation for Elon’s recent moves is that he still intends to buy Twitter. But his new financing plan, restructured to protect Tesla, will require friends to share the risk. And with a purchase price this high, and leverage so low, who else would want it, anyway?
Jack Dorsey
The Twitter proxy statement is a veritable telenovela of all the dealmaking foreplay surrounding Musk’s $44 billion Twitter blockbuster.
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