Youre Addicted to Debt, and You Have a Dysfunctional Congress, Says Sen. Alan Simpson
Every day we borrow $3.6 billion, and for every buck we spend, we borrow 40 cents, says former Sen. Alan Simpson (R-Wyo.) in this video conversation with Mergers & Acquisitions editor-in-chief Mary Kathleen Flynn, shot at ACG InterGrowth 2013. The people who have loaned the money to us will say, Youre addicted to debt, and you have a dysfunctional Congress. We want more money for our money. And when they ask for that, inflation will kick in, and interest rates will go up, and the guy that gets hit right in the chops is the little guy. For more on his keynote with Erskine Bowles, watch the video and read, Erskine Bowles Warns of the Most Predictable, But Avoidable, Economic Crisis in History.
The M&A Scene: CEO Leadership
Dealmakers gathered at the Harvard Club in New York on May 7 as part of ACG NY's CEO Leadership event. Peter Gonye, a co-leader within Spencer Stuart's private equity practice in North America was the keynote speaker. Panelists included M. Tatum Pursell, senior adviser, Unlimited Horizons; Tony Ecock, general partner, Welsh Carson Anderson & Stowe; Jim Follett, former CEO of Authentic Response Inc.; Doron Grosman, operating partner, Court Square Capital; and Joelle Marquis, partner, Arsenal Capital.