Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Breakingviews: Ken Moelis' coattail equity

Wednesday, Mar 05, 2014 - 03:30

March 5 - Jeffrey Goldfarb and Breakingviews editors discuss the investment banker's decision to take his eponymous firm public and the questionable corporate governance involved.

▲ Hide Transcript

View Transcript

And -- and investment banker has helped our numbers client to pretty good deal we've saved his best deal for himself. He's taking his investment bank public. And -- but a lot of spoils from software I think -- of that -- -- -- this -- set this -- back in 2007 option. A pretty pretty -- and before and the UBS before that -- think basically it at. DOJ got here is coming out of the deal hit my offensively great revenues -- up and up and up I'm getting decent returns. The -- F mind managing director -- -- honest here. But hey what once -- sell a bit my company buying and have maintained base of people. Exactly what I'm sure his client would love to get this kind of -- -- -- popularity he's acting in the best interest of himself and his partners I don't fault him for that. I mean -- it's unfortunate that the capital markets are so forgiving these days this is this is the kind of government that would make Silicon Valley -- us. You know it's like FaceBook it's sort of at the elements of -- well aren't you afraid that he shares with a B shares carry ten times but it is the ups and you'll hear from so. All of the the partners shares are going to be put into a group called -- apart and holding part all the which he will. -- -- -- you don't show that he had only 50% control there's also other goodies in there there's stuff like he has a nine day non compete which is. Would think if you get back to other predators this week we've -- big illness. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- The one point three billion mean Upton Upton left and and -- what is out as names to them. I'll let you know whether we're only about this is it's you know it's like so much of the -- it's coming out from. People like -- and policy is a founder you can argue it's got a pretty strong vision. Very charismatic has built something pretty amazing -- just you know punch in seven years he's big and so I figured you know you're getting a chance not unlike Steve -- when you've got to buy the -- not not actual equity. In Blackstone. It's coat -- equity. You get to ride -- coat -- And you don't want it might actually be a pretty good -- and if you look at these -- numbers the operating numbers for Melissa mean they're they're not a -- eleven million of revenue yeah you know it's grown pretty it's the nationalist elements are furious that so you're getting -- an opportunity to it to. To drag on this could just look at relative to -- which cannot whatever five or like that you know that the difference in what the markets would support. Or shareholders willing directed to pony up forest completely changed but I do expect a lot of what. I'm in the Utica also doesn't have to have a majority of independent directors in the book. Thank you could Greenhill medical setting great and I think said within a year we'll have a majority of independent directors. These guys -- -- three out seven so they getting somewhere that just means there's there's no it is very recalls the shareholders knuckles tilt he'll say we're the majority -- by the -- fair enough. But the model to support it yeah you know look he's he's that shrewd. You know all of us on holding out of the market to support them or revenue stayed decently in theory they traded at discount to agree Nolan and announced they just on -- we get a second element. I don't think investors will -- art we will plenty more to talk about a short with -- more -- you know we'll be back with more breaking news.

Breakingviews: Ken Moelis' coattail equity

Wednesday, Mar 05, 2014 - 03:30

Money »

S&P 500 closes at new high S&P 500 closes at new high

4:55pm EDT - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

Markets cheer Russia's Ukraine exit Markets cheer Russia's Ukraine exit

Fri, Aug 08, 2014 - (1:50)

Russia, Iraq push Dow to three-month low Russia, Iraq push Dow to three-month low

Thu, Aug 07, 2014 - (2:27)

Wall Street gains but telecom disconnected Wall Street gains but telecom disconnected

Wed, Aug 06, 2014 - (2:28)

Stocks zapped by energy weakness Stocks zapped by energy weakness

Tue, Aug 05, 2014 - (2:46)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)