Today, the SEC announced that Brian Breheny has been promoted to be Corp Fin’s Deputy Director for Legal and Regulatory Policy (which was Marty Dunn’s former job). Brian has been Chief of Corp Fin’s Office of Mergers and Acquisitions since 2003. A new Chief of OMA will be forthcoming, but not likely for at least several months.
Corp Fin also announced that Wayne Carnall will rejoin the SEC to serve as the Division’s Chief Accountant (a job that has been vacant for six months since Carol Stacey left). Wayne has been working in the National Office of PricewaterhouseCoopers since he left the SEC in 1997.
On the “D&O Diary Blog,” Kevin LaCroix fleshes out a recent NY Times article on how buyout firms are walking away from deals. And yesterday, United Rentals sued in Delaware to compel Cerberus Capital Management to complete their deal (see this WSJ article).
Compensation Arrangements for Private Equity Deals
We have posted the transcript from our recent webcast: “Compensation Arrangements for Private Equity Deals.”