Value added in investment banking

Monday, July 30, 2007

Value added in investment banking

Working for a client on the buyside is always fun. You’re in a kickoff meeting you’re your client, for whom the firm is a house bank, and you’ve just been handed a presentation the client received from an investment bank hired to sell the company your client wants to buy. The first thing you can think of, is trying to pick at little bits and bulbs that don’t add up in their numbers, spelling errors, bad formatting, and other high value added remarks.

Having spent some fifteen minutes on the slides, one particular page looked like this halfway through the meeting.

1 comment:

Gina said...

That page of the presentation looked pretty bad. I don't see what's funny about picking on mistakes and carelessness.