The Deal
Tuesday, November 24, 
6:37 pm

— Sept. 7, 2009 —

Cover story

As good as it gets?

The IPO market has been flattened. VCs are timid and possibly disappearing. Boutique advisories continue to do poorly. Will Silicon Valley's vaunted culture of innovation save the day, or are these doldrums a taste of what's to come?

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Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


Regulatory

Of politics and pay

How to fix executive compensation rules without breaking the companies.


Industry Insight

Before the honeymoon ends

Thinking differently about conflict resolution.


Judgment Call

The price of R&D

FAS 141(R): A new source of shareholder litigation against innovation-driven companies?



Table of contents

Analysis

How green is the Valley?

From the local legends to the East Coast interlopers, law firms await better days in the mecca of technology.


Cover Story

Not your father's ivory tower

Biotech powerhouse University of California, San Francisco, explores the frontiers of academic and corporate friendship.


Deals

Midlife crisis

Cross-border European dealmaking came of age under an Anglo-Saxon model. What happens if it's scrapped?


Dynegy's sale of nine of its U.S. power plants to LS Power Associates brought back some old faces and some new ones as well.


Deal Diary

Shearman hustles for BB&T-Colonial deal

BB&T turned to advisers to navigate through the deal. Credit Suisse's Doug Simons and Neil Carragher led the BB&T advisory team.


Deal Diary

Covington helps P&G say no to drugs

For legal advice, P&G used Scott Smith and Andrew Ment at Covington & Burling LLP.


Movers and Shakers

Jacked up in Texas

Nancy Huggins, most recently with Bear Stearns Cos., joined New York investment bank Morgan Joseph & Co.


Movers and Shakers

Changing places in Silicon Valley

Jane Ross and John Brockland joined Dewey.


Analysis

The question of Chairman Ben

Praise pours in for the renominated Bernanke even as doubts mount about the power of the central bank he runs.


View from the City

The old switcheroo

Denham Capital seemed like the perfect partner for Vulcan Power founder Stephen Munson. He's since been ousted from the company, and now he and other investors are suing the private equity firm and others for fraud.


Dealmakers

Management skills required

Richard Feinstein takes over as head of the FTC's competition unit.


View from the City

Dead man talking

The FSA's Adair Turner revives a tax scheme from the late James Tobin to restrain bonuses. It's not making him very popular.


Capital Calls

Out of register

A private equity solution for family-owned newspapers goes sour, and slumping secondaries.


Deals

The fast lane

With the auto sector awash in deals, which ones look like milestones? Maybe not the ones you think.


Arbitrage

Risk arbitrage: Sept. 7, 2009

The outcome of the regulatory process weighs on the AT&T Inc. $8.50 per share cash offer for Centennial Communications Corp.


Media Maneuvers

Editor's note: Sept. 7, 2009

There are many roads into the forest and only one road out. And that road -- Lehman's failure -- shapes both the future and the remembered past.


Analysis

2007: The end is near

With markets soaring and subprime cratering, the race to get deals done before the cycle ended ensued. By summer, the retreat began.


Media Maneuvers

Soldier of fortune

International man of management mystery Ram Charan interviews a few of his favorite CEOs. Is there a conflict lurking there somewhere?


Rules of the Road

Uptick delay

Addressing Wall Street's concerns, the SEC lengthens debate over reinstating short-sale restrictions.


Analysis

Bank shots

Aligning the stars for investments by private equity funds in banks.


Industry Insight

In search of true value

M&A valuations: What goes down must go up?


Judgment Call

Scoring

Ways to improve the odds for making a deal.


Safe Harbor

Don't cry for Big Law

Even in tough economic times, law remains a very profitable business. Just look at Silicon Valley.


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