Private equity investors will soon get word about recent mark-downs to their holdings, losses that probably won't reflect the 60 cents on the dollar bids--which are, on average, the high bids--now seen in the secondary market, says Colin McGrady, managing director of Cogent Partners, which advises on secondary transactions.
Not long after my last post (October 19), which concerned the tenuous relationship between the Hewlett-Packard board and former CEO Mark Hurd, came word that a group of shareholders have sued current and past H-P board members, including Hurd, alleging that directors allowed and possibly encouraged illegal activities in sales to the U.S. government.
Prof Andrew Graves, head of the University's School of Management, told Li he could resubmit the 12, 000-word essay, appeal against the mark or accept it and withdraw from the course.