Steve Schwarzman: PR Nightmare

Hamilton Nolan · 08/17/10 09:06AM

Billionaire plutocrat Steve Schwarzman committed a "gaffe" recently when he said that Obama's effort to raise taxes on private equity firms is "a when Hitler invaded Poland in 1939." Steve! We are shocked you'd say (or do!) something stupid.

BP Has a Friend In Goldman Sachs

Jeff Neumann · 06/15/10 05:12AM

Grab your pitchforks! Multinational oil company BP has reportedly hired financial advisors from Goldman Sachs to help with the "mounting liabilities" the firm is facing from the Gulf oil spill. BP has denied rumors it is going bankrupt.

NBC Universal buys Weather Channel

Nicholas Carlson · 07/07/08 10:20AM

NBC Universal and two private equity firms, Bain Capital and the Blackstone Group, acquired the Weather Channel and from Landmark Communications over the weekend for a rumored $3.5 billion. Yes, we're not shocked either that NBC figured out Weather Plus wasn't taking over the meteorological universe. [PaidContent]

Microsoft hires Sue Decker's gal pal

Owen Thomas · 02/14/08 05:40PM

The management of Yahoo, burdened by a culture of niceness, does not begin to understand what it means to be mean. Take Microsoft's hiring of Blackstone Group investment banker Jill Greenthal as an advisor. Greenthal, pictured here, is a respected dealmaker. But more importantly, she's best buds with Yahoo president Sue Decker, who worked with her at Donaldson Lufkin & Jenrette. Kara Swisher says that the two haven't spoken since Microsoft launched its $44.6 billion offer to buy Yahoo. Would Microsoft hire a banker just to rob Decker of a trusted friend's advice? Of course not, but it seems like a useful fringe benefit.