Antony Currie has more than a decade of experience as a financial journalist, having worked with Euromoney since 1996, most recently as a US editor. He has worked on assignments in the major financial centres of Europe and the US and written stories on capital markets, global economies and the investment banking industry. He holds a bachelor's degree in German language and literature and a master's degree in politics and international relations from the University of Bristol. Follow Antony on Twitter @AntonyMCurrie
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Mary Barra, the automaker’s CEO, has brought in lawyer Anton Valukas to investigate how faulty ignitions became a 10-year saga behind 13 deaths. Valukas unpicked Lehman’s failure and didn’t mince his words. A similar approach at GM could bring the revamp that bankruptcy didn’t.
The boutique adviser wants to leave its founder in control. Evercore, Greenhill and Lazard public offerings raised governance issues as well. But none of those firms was as stingy as Moelis in protecting new shareholders. That could give them an edge when competing for clients.
The investment banker is taking his eponymous 7-year-old firm public. It may be worth some $2 bln. By stretching the limits of corporate governance, Moelis will wield exceptional control. For potential investors this is a chance to grab onto his coattails – and not much more.
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