This paper will describe the rationale for privatization, the constraints to the process, the reorganization structure and the effect of privatization on Sallie Mae and the student loan market. The key elements of the privatization process and structure will be highlighted with comments offered on the applicability to Housing Government...
NEW YORK (Reuters) - Sallie Mae SLM, the largest U.S. student loan company, said on Wednesday second-quarter net income fell 72 percent, hurt by restructuring expenses, but results were better than analysts had expected. The company managed to post a profit, which was...
Google's rivals are urging regulators to scrutinize its $3.1 billion deal to buy DoubleClick for antitrust infringements. Google beat out Microsoft and Yahoo to buy ad supplier DoubleClick, further securing its dominance in the web advertising business. Microsoft, AT&T, and Time Warner were among the companies that called for regulators...
Sallie Mae, the largest U.S. student-loan company, is talking with private equity firms about a potential leveraged buyout. A LBO would be unusual for a financial company because it would require it to take on more debt, which can cut into the profit margins of a lender like Sallie...
One of the scary things about the Great Credit Crunch of 2008 is that the contagion of lending fear could spread from mortgages to other activities dependent on debt - such as credit cards, home equity loans and even student loans. And now, halfway through April, exactly...
One of my favorite business news stories of the past year was the investor briefing called by Sallie Mae chairman Albert Lord. He was holding the conference to "create some transparency," as he put it. He then he proceeded to stonewall questions about the company's future performance, joked...
Yesterday the Financial Times reported the results of a survey it conducted with Salary.com comparing the compensation of CEOs and their deputies. The results are interesting: The average total compensation for a S&P 500 chief executive was about twice as much as the second most highly paid executive last...
By Jessica Hall and Mark McSherry PHILADELPHIA/NEW YORK (Reuters) - Casino and racetrack operator Penn National Gaming Inc PENN said on Thursday its $6.1 billion takeover pact has been terminated, marking the latest leveraged buyout to crumble amid the tight credit ...
By Wojtek Dabrowski TORONTO (Reuters) - Announcing what it said were "essential milestones" allowing the world's largest leveraged buyout to go ahead, BCE Inc BCEBCE said on Friday that its buyers had finalized funding and were sticking to their C$34.8-billion ($34.1...
By Megan Davies and Jessica Hall NEW YORK/PHILADELPHIA (Reuters) - Spats over the last remaining leveraged takeovers forged during the private equity boom have mostly been resolved, but Wall Street banks, buyout firms and the companies they target have been left more than...
