Fundamental Shifts - Friday, February 8, 2008 15:22 - Comments

Bankers’ cut on YHOO-MSFT deal

From Marketwatch:

The four advisers, Goldman Sachs, Lehman Brothers, Morgan Stanley and Blackstone, stand to make as much as $1.3 billion between them, analysts and experts said.

Even if the dynamics leading to these rip-offs are well understood (financing need, litigation protection for the boards, etc.), this just reinforces Umair’s point. But consider the irony here: Continue…