Victor Boyajian, the partner who heads up the venture capital group of New York law firm Sonnenschein Nath & Rosenthal LLP, outlines what it will take for the IPO market to open up for VC-backed companies in this episode of our series on initial public offerings, shot on location at the New York Stock Exchange. Only 10 venture-backed companies have braved a public debut this year. Boyajian says companies must weigh coming out against shortening their runway in an era of less available capital from venture capital and private equity sources. - Mary Kathleen Flynn
Sullivan & Cromwell LLP managing partner Rodgin Cohen says that one of the great myths of The Great Recession is that the abolition of Glass-Steagall was responsible for the financial crisis. Cohen says the origin of the financial crisis was actually unregulated mortgage bankers and brokers. See the video below or download it at iTunes
Sullivan & Cromwell LLP managing partner Rodgin Cohen says the steps that had been taken after the failure of Bear Stearns & Cos. may not have been aggressive enough, but the fallout after the failure of Lehman Brothers was, "just unpredictable." "I just assume and don't know that it was thought that with that period of time that the impact of a failure of a major institution could be understood, to me if that was the view, it was a major mistake," Cohen states.
The approval by U.S. antitrust regulators of Pfizer Inc.'s (NYSE:PFE) acquisition of Wyeth is an outlier of how merger reviews will be conducted under the Obama administration. That's according to Jeffrey Schmidt, a partner with Linklaters and a former director of the Federal Trade Commission's office of competition under Pres. George W. Bush. Schmidt, who will be discussing the antitrust landscape at The Deal Economy 2010 conference Nov. 18 and 19, says based on reports about the review, it seems regulators expanded their investigation beyond what would have taken place under the previous administration. See the video below or download it at iTunes. - Suzanne Stevens
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