Friday, October 01, 2010
As White House Chief of Staff Rahm Emanuel departed, he cited the changing nature of the relationship between business and government. Emanuel wants to be Chicago's Mayor. The Windy City experimented with this new relationship by leasing its parking concession to Morgan Stanley & LAZ Parking for 75 years. Mayor Richard Daley went through the $1.15 billion in four short years.
What public assets or revenue streams will Emanuel sell on the cheap to private equity underwriters (PEU's)? Will his mentor at GTCR Golder Rauner get a piece of the action? Will Rahm binge through the proceeds like Terrance Watanabe in a Harrah's Casino?
After the Chicago Mayorship will Emauel pursue the Presidency or cash-in like his predecessors, Ken Duberstein and Mac McLarty? Don't cry for Rahm. He'll be just fine.
by PEU Report/State of the Division at 12:55 PM