Trajan
conscientia mille testes
well, the grass is always greener they say. I hope Tim gets a better accountant than he had when his taxes were filed 'incorrectly' 
Oh and hey .... if last year was any indicator, the wails regarding Geithner joining a Private Equity firm etc. could make this a barn burner, so please- I would appreciate it if you all kept it civil.
Geithner Heads to Private Equity
Former Treasury Secretary Is Joining Warburg Pincus
Mr. Geithner, who has spent most of his career outside the private sector, said in an interview he plans to start in March at the New York-based firm, known for its role in buyouts of companies including eye-care firm Bausch & Lomb Inc., luxury retailer Neiman Marcus Group Inc. and stadium concessionaire Aramark Corp.
snip-
Executives at private-equity firms pool their money alongside institutional investors such as pension funds and wealthy individuals, then buy companies or pieces of them. The deals are typically done with borrowed money, which can enhance returns, but also can burden companies with debt. The investors aim to resell companies for a profit.
Fund executives can accumulate substantial wealth if the investments perform well. Closely held Warburg Pincus declined to discuss Mr. Geithner's compensation, but it said he would be a partner and invest in its funds.
In the 1970s, Warburg was one of the first buyout funds to raise outside money, and has long ranked as one of the largest. Lately it has been eclipsed in size by rivals including KKR and Blackstone Group BX -0.73% LP, which have expanded into real estate, hedge funds and other businesses as they've gone public. Warburg remains a private firm focused on taking over or taking stakes in companies.
more at-
Geithner Heads to Private Equity - WSJ.com
Oh and hey .... if last year was any indicator, the wails regarding Geithner joining a Private Equity firm etc. could make this a barn burner, so please- I would appreciate it if you all kept it civil.
Geithner Heads to Private Equity
Former Treasury Secretary Is Joining Warburg Pincus
Mr. Geithner, who has spent most of his career outside the private sector, said in an interview he plans to start in March at the New York-based firm, known for its role in buyouts of companies including eye-care firm Bausch & Lomb Inc., luxury retailer Neiman Marcus Group Inc. and stadium concessionaire Aramark Corp.
snip-
Executives at private-equity firms pool their money alongside institutional investors such as pension funds and wealthy individuals, then buy companies or pieces of them. The deals are typically done with borrowed money, which can enhance returns, but also can burden companies with debt. The investors aim to resell companies for a profit.
Fund executives can accumulate substantial wealth if the investments perform well. Closely held Warburg Pincus declined to discuss Mr. Geithner's compensation, but it said he would be a partner and invest in its funds.
In the 1970s, Warburg was one of the first buyout funds to raise outside money, and has long ranked as one of the largest. Lately it has been eclipsed in size by rivals including KKR and Blackstone Group BX -0.73% LP, which have expanded into real estate, hedge funds and other businesses as they've gone public. Warburg remains a private firm focused on taking over or taking stakes in companies.
more at-
Geithner Heads to Private Equity - WSJ.com
