Matt Waters

@mwwaters.bsky.social

382 Followers 307 Following

FRED graph
Crazy Bearded Man
If pressure tactics and payoffs didn’t work, there was always sex. Some of Drexel’s salesmen regarded every tycoon as a playboy at heart, and this led them to believe that Drexel could sell more bonds if it catered to prurient desires. A frequent New York lender to KKR described one visit to Beverly Hills, at which he expected to have a working dinner with a Drexel representative. “Instead, we went to see three hours of these girls mud-wrestling,” the lender recalled in astonishment. The lurid nature of Drexel’s biggest gathering—an annual spring “research” conference better known as the Predators’ Ball—was later made famous by author Connie Bruck. At the 1985 conference, Bruck wrote, Drexel invited its top sixty clients to a private party at Bungalow 8 of the Beverly Hills Hotel, where America’s top raiders and entrepreneurs were surrounded by “extremely attractive” young women. Kravis, Roberts, and Kohlberg were too new as Drexel clients to attend the 1985 affair, but chatter soon spread on Wall Street that the women at the parties were, if not prostitutes, then models and secretaries selected for their looks and agreeable nature rather than for their financial insights. Don Engel, the Drexel consultant who arranged these parties, regarded them as the right way to do business. He once told a corporate CEO: “How could I get all these guys to come if I didn’t have the girls?” In April 1986, Kravis, Roberts, and Kohlberg attended their first Predator’s Ball. They were the heroes of the legitimate side of the conference—the men who had put together the giant Beatrice buyout that was being concluded even as the conference took place. And, inevitably, the three KKR partners were shown the seamy side of Drexel, too. The second evening of the conference, Drexel invited Kravis, Roberts, and Kohlberg to a private dinner at Chasen’s, an upscale Beverly Hills restaurant. As the KKR partners walked into the upstairs dining room, their
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15% for 2 Trump judges.
Lash finding and then I finding the guy.
THOM: No. Not necessarily. As far as your own energy bill use goes, you can actually save money by leaving your air conditioner on. I did a piece last year. I set up air conditioners in three units stacked in my building across the course of several days during a heat wave. And for some of the days I turned the ACs off during work hours, air quotes, and then turned them back on around four PM before people got home from work. And then the other days I left them running all day at a higher temperature. And when I left it running all day, it used a lot less energy and it was ultimately more comfortable. So if you really want to save the energy and be more comfortable, you want to just turn your AC up a little bit when you're not home.
$46 billion of reserves in July 2008.
A lot of birds from The Birds.
Disney book saying a good pirate doesn’t steal
“Carl Schmidt is too important to be left to the Schmidt specialists.”
VLC Clothing coming soon