What's more, after twelve years of
ownership by private equity firm Cerberus, including a 2015 IPO filing that was twisting in the wind, Albertsons had to do something.
Methodology Discovery Data compiled the rankings based on discretionary and nondiscretionary assets under management listed on SEC Form ADV. To capture independent fee - only planning
firms, every effort is made to exclude
firms with broker - dealer and insurance company affiliations and those with substantial outside
ownership stakes held
by private equity firms and some outside investors.
He has argued that failed banks should not be bailed out, Lehman's collapse was not a disaster, AIG should be declared bankrupt, that naked short selling is not a problem, that backdating isn't so bad, insider trading should be legal, many corporate CEOs are underpaid, global solutions are worse than local solutions, Warren Buffett is overrated, Michael Milken is a great American, the collapse of the hedge fund was not a scandal, hedge funds are over-regulated, education is overrated
by the educated, bonuses at successful Wall Street's
firms are deserved and possibly undersized, management buyouts are boons to the economy, Enron's management was victimized
by an over-zealous prosecution, Sarbanes - Oxley should be repealed, corporate compliance culture is a disaster, shareholder democracy is overrated, hostile takeovers ought to be revived, the market is permanently moving away from public
ownership of
equity in corporations,
private partnerships are on the rise, public ignorance is encouraged and manipulated
by governments and corporations, experts overrate expertise, regulatory agencies are controlled
by the businesses they supposedly regulate and Wall Street is much more fun than people give it credit for.