Remove Conglomerates Remove Due Diligence Remove Pension Funds
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Transcript: David Layton

The Big Picture

And we looked more like an industrial conglomerate than — RITHOLTZ: That’s where I was going to go. When I came up in the industry, when a company would come up for sale, we would have four or five months to research that business, and to do due diligence, and to meet the management team, to build our models.

Assets 59
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Transcript: Steven Klinsky

The Big Picture

KLINSKY: — that, you know, when we found it, it was a very messed-up conglomerate doing race track tote boards and defense electronics. And the investment bankers at that time were just — every time we went to a meeting on due diligence, is this a good company or not, all they wanted to do was talk about the fee splits.

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Transcript: Aswath Damodaran

The Big Picture

DAMODARAN: Or it could be some unique characteristic, pension funds pay no taxes. DAMODARAN: We’re going to do our due diligence. We also tell them to do due diligence. This is a conglomerate in the 1970s. RITHOLTZ: Right. DAMODARAN: — subsets to the market. RITHOLTZ: Right.

Education 119
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CDPQ Rocked by Major Indian Bribery Scheme

Pension Pulse

officials allege: Senior executives at Quebec’s provincial pension fund manager tried to win contracts by paying Indian officials hundreds of millions of dollars in bribes and interfered with corruption investigations in the United States, American prosecutors allege. In 2019, his company, Adani Green Energy Ltd.,