Hints and tips:
...Smart reads Bull market Dietrich Mateschitz is the unlikely figure behind Red Bull’s rise to become the dominant force in Formula One. Why did he do it?...
...Many of the world’s largest hedge funds, which today control about $4tn in assets, are grappling with what life looks like after their founders move on....
...And one smart listen: The FT’s Myles McCormick joins the FT’s Behind the Money podcast to discuss why Big Oil is betting on a dealmaking frenzy. Listen here....
...In today’s newsletter: Life for Berkshire after Munger Silver Lake’s huge VMware windfall KKR strikes a $2.7bn deal The power shifts within Berkshire as Buffett leans on a new generation Charlie Munger...
...Job moves Imran Siddiqui has been named chief executive officer of Talcott Financial Group, a life insurer affiliated with Sixth Street....
...The mood is relaxed, and there’s a smart-casual vibe in the lobby lounge area. There are small touches that make it special....
...Inbox: The Securities and Exchange Commission today charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs...
...Smart reads Playing down the facts ExxonMobil began its public acceptance of climate change in 2006 under then-CEO Rex Tillerson....
...Sink or swim Thames Water is treading for its life. FT Alphaville dives into its murky finances....
...However, a string of profit warnings and concerns over its corporate governance have blighted its life as a public company....
...Scores of Wall Street bankers and lawyers have been spending their time drawing up wacky structures to keep troubled companies on life support....
...“I said, I’m with you . . . let’s do it, this is going to make life much, much better for all AI researchers,” Shazeer says....
...Smart reads Succession IRL Rupert Mudoch’s legal troubles, health issues and tumultuous personal life are threatening to unravel his media empire as it enters its next chapter, Vanity Fair writes....
...It is a smart idea, even if it is hard to imagine how such an international agency could be rapidly created....
...Smart reads The financier and the titan For nearly half a century, the mere mention of Carl Icahn struck terror in the hearts of corporate chieftains and moved markets....
...Smart reads Hindsight hurts Former Bank of America executive Craig Coben examines how Goldman Sachs fumbled SVB’s $2.25bn equity sale in an Alphaville post....
...Retail was not smart money....
...In 1988, she published In the Age of the Smart Machine, which argued that computers would change companies in a way that previous technologies had not....
...The first thing is that the gaming industry, during new console launches in the last 30 years, has taken a very smart approach to bringing new platforms to market....
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...I’m hugely fascinated by octopi and squid, because they’re so smart and they have this colour morphing thing and brains that scientists are totally fascinated by....
...Of course, this is dragged up by outliers in the portfolio such as autonomous trucking play TuSimple (trading at 247 times). Still it’s eye-wateringly pricey....
...These two-tier partnerships would once have been unthinkable at so-called “white shoe” New York law firms, where being a partner was a job for life....
...Smart reads Coup on the course Before the controversial Super League, there was a Saudi golf incursion courting the sport’s top players and stirring up geopolitical drama on the green, the Wall Street Journal...
...The speculative trading bonanza may now be on life support, making it a good time for Griffin to consider his options....
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