The Deal Economy Event Video Archive


Welcome to the video archive of The Deal Economy 2012, held at the New York Stock Exchange on November 30 & December 1, 2011. This year's theme, "Driving Markets, Fueling Growth", sparked a host of compelling discussions around the recent uptick in deal activity and how Washington and Wall Street can continue to promote deals and reap the economic benefits they deliver.


View the candid conversations by clicking on the sessions below.
Table of Contents: The Deal Economy 2012 Sessions
The Deal Economy 2012: Promises, Possibilities and Pitfalls
30-Year Retrospective in Dealmaking with Stephen Pagliuca and Michael Fascitelli
Town Hall: Wall Street: Engine of Growth or Trillion-Dollar Casino
Sealing the Deal--Or Shopping in the Next Bubble?
Regulation: What Have We Wrought?




Session #1:
The Deal Economy 2012: Promises, Possibilities and Pitfalls

The year started promisingly. The economy was growing, interest rates were low and there was liquidity for deals and debt refinancings. Then came the debt ceiling fight, the U.S. credit downgrade and deepening euro-zone problems. By August, markets were tightening again and dealflow slowed. Still, the U.S. economy fared better than many expected and companies are still flush with cash, convincing many that, with a little luck and a lot of skill, better times could lie ahead.

Panelists:
Donald G. Drapkin, Chairman, Casablanca Capital LLC
Richard M. Jeanneret, Americas Vice Chair, Transaction Advisory Services, Ernst & Young LLP
Robert A. Profusek, Partner, Jones Day
David Mussafer, Managing Partner & Co-Chairman, Executive Committee, Advent International
Mark Shafir, Head of Global M&A, Citigroup
Leo E. Strine Jr., Chancellor, Delaware Court of Chancery

Moderator:
Tyler Mathisen, "Power Lunch" Co-Anchor, Vice President,Strategic Editorial Initiatives, CNBC




Session #2:
30-Year Retrospective

Contributors:
Michael D. Fascitelli, President, CEO and Trustee, Vornado Realty Trust
Steve Pagliuca, Managing Director, Bain Capital

Moderator:
Kayla Tausche, Reporter, CNBC




Session #3:
Town Hall: Wall Street: Engine of Growth or Trillion-Dollar Casino

Wall Street still struggles to recover from the worst meltdown in 80 years--and the rest of America can't rebound without it. As bankers spark the ire of the Occupy Wall Street protests, they must figure out what went wrong, whether the fixes now underway are the right ones, and how to rebuild business in a newly restricted, re-regulated world.

Contributors:
Douglas A. Dachille, CEO, First Principles Capital Management
Laurence Grafstein, Managing Director and Co-Head of M&A, Rothschild
David A. Levy, Chairman, The Jerome Levy Forecasting Center LLC

Facilitator:
Jeffrey A. Sonnenfeld, Senior Associate Dean for Executive Programs, and Lester Crown Professor in the Practice of Management, Yale School of Management




Session #4:
Sealing the Deal--Or Shopping in the Next Bubble?

For the new pillars of the Social/Mobile Economy -- Facebook, Google, Groupon and Zynga -- making the right acquisition can be as important as building the right product. The good news for these titans is that their own valuations have soared since the meltdown bottomed in March 2009. The bad news is that the valuations of the upstarts they want to buy have skyrocketed. How do you know you're buying the next Facebook -- and NOT the next MySpace?

Panelists:
Mike Brown, Director, Corporate Development, Twitter
Aaron Crum, Principal, Corporate Development, Google

Moderator:
David Kirkpatrick, Author, The Facebook Effect, and CEO, Techonomy Media




Session #5:
Regulation: What Have We Wrought?

A torrent of new rules for Wall Street and U.S. banks has been unleashed. From hedge fund and investment adviser registration to proprietary trading, consumer protection and capital reserve limits, almost every business of financial services firms is subject to new restrictions under Dodd-Frank. This session examines the regulatory impact and effects on commercial and investment banks, derivatives traders and more -- and whether the new order will serve its intended purpose.

Panelists:
Richard Feinstein, Director, Bureau of Competition, Federal Trade Commission
Hal S. Scott, Nomura Professor and Director, Program on International Financial Systems, Harvard Law School; Director, Committee on Capital Markets Regulation
Leo E. Strine Jr., Chancellor, Delaware Court of Chancery

Moderator:
Bill McConnell, Bureau Chief, Washington DC, The Deal




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