Teak

Wasserstein Death to Have Minimal Impact on Kraft-Cadbury Deal

Just as I thought all along: Wasserstein's death means that he wasn't *that* important. Investment bankers are WAY overpaid. Massive egos and aggressive behaviour is what allows them to get those ridiculous pay packages. Read "The Last Tycoons" by William Cohan and you will see what Wasserstein was about. Hell just received yet another investment banker, methinks.

Raw Deal for Kraft Shareholders

KFT was spun out of MO at $31.66 a share by my calculations (it was never stated what the price was) on 31 March 2007. Now it hovers around mid-$26 price range.

I bought more shares of KFT one year after spinoff hoping that it would continue as a divdend-payer. Author makes strong points, however, that maybe Ms. Irene has empire-building plans so need to rethink my investment with this company.