Just in from our Wharton Conference Correspondent:
The event has been taken over by protesters. For real. The police are coming. They are protesting the speaker from Carlyle Group - Its amazing really - The room is out of control...becoming violent. Wharton staff not prepared for the demonstration. Literally just watching them take over the room .... Rubinstein is speechless and standing there alone on the stage facing it ..... Carlyle bought manor care a few weeks ago and layoffs are coming. Its like - France. Pushing, shoving, punching - everywhere. No sign of Bowie still. Rubenstein just told a protester on a bullhorn to "take a remedial course in English before you go any further."
Posted by Lowly Assistant , Jan 18, 2008 10:40AM
Hah hah hah!
"It's like - France."
C'est moi!
Posted by chad , Jan 18, 2008 10:48AM
if we could somehow get a picture of Rubinstein fighting off protesters with crab hands I'd probably eat my keyboard in joy.
Posted by The City of Los Angeles , Jan 18, 2008 10:49AM
You call that a riot? That ain't no riot.
Posted by AJ , Jan 18, 2008 10:50AM
Amazing, poor people are entertaining
Posted by counsel , Jan 18, 2008 10:55AM
wharton staff probably gave them nametags and offered to check their coats
Posted by girl , Jan 18, 2008 10:55AM
Is Carlyle being shut down or are they just trimming the fat? I'm curious as to what they are protesting...
Posted by Flashdancers , Jan 18, 2008 10:56AM
Apparently, this lady thinks Manor Care is a terrible place to work. And since Carlyle bought the place 3 weeks ago, it's obviously all their fault.
Posted by , Jan 18, 2008 10:58AM
layoffs at manor you donk
Posted by Flashdancers , Jan 18, 2008 10:59AM
Apparently, this lady thinks Manor Care is a terrible place to work. And since Carlyle bought the place 3 weeks ago, it's obviously all their fault.
Posted by schwabing , Jan 18, 2008 11:00AM
if all the nurses are protesting, who's taking care of my grandma? she's thirsty for some warm milk
Posted by , Jan 18, 2008 11:03AM
I would have missed the protest if you would have sent me to cover the conference. You see, me, the escorts, and the free room service (and drinks of course) and XXX TV would've already started.
Posted by ben stiller , Jan 18, 2008 11:05AM
maybe your grandma would like a warm glass of shut the hell up? Now, she will go to sleep or I will put her to sleep. Check out the name tag. You're in my world now, grandma.
Posted by Ha , Jan 18, 2008 11:05AM
AJ-
So true. If the serfs ever re-dedicated even half the physical energy they so commonly waste picketing and trying to slap-box their oppressors to fundraising with their hemp accessories maybe Manor Care nursing homes wouldn't be a place where hopes and memories go to die...
Posted by Flashdancers , Jan 18, 2008 11:06AM
Apparently, this lady thinks Manor Care is a terrible place to work. And since Carlyle bought the place 3 weeks ago, it's obviously all their fault.
Posted by girl , Jan 18, 2008 11:08AM
I don't know what donk means but your response was fairly obvious per the article. I just don't understand how layoffs correspond to a sign that says fix manor care nursing homes now. seems like they are planning on destroying them given that message...that's what i wanted clarified
Posted by schwabing , Jan 18, 2008 11:14AM
@ben stiller: you just made my week.
seriously how much did that banner cost? maybe they could've spent that money on whatever the hell it is that is so bad with this place.
Posted by Flashdancers , Jan 18, 2008 11:15AM
Curious as to what the source is for the "layoffs are coming" bit. This question was addressed at the bank meeting and Carlyle, along with HCR management repeatedly stated no layoffs.
P.S. Sorry for the multiple posts.
Posted by Abraham Simpson , Jan 18, 2008 11:19AM
Damn you, cloud!
Posted by R. Paul , Jan 18, 2008 11:24AM
Ben Stiller - Good one. Nice throwback to a timeless classic.
Does anyone else hate liberal cocksuckers as much as I do?
Posted by Bhh , Jan 18, 2008 11:35AM
Hope you like chinese cat food grandma.
Posted by George Orwellian , Jan 18, 2008 11:41AM
It's more like Munich. Brownshirts (or is it Purpleshirts? Telling.) of the fascist left who can't get an audience of their own on the merits of their argument. Beware another Krystallnacht at or around some conference.
Posted by investorcluzo , Jan 18, 2008 11:46AM
damn, damn, damn, James! (did anyone else watch "good times" growing up?) I take back everything I said yesterday about hanging out with a bunch of wharton monkeys. we need more pics, I want to see phily police taking people down with cuffs, not just the campus cops. maybe we could even have another taser incident.
Posted by Gloom and Doom , Jan 18, 2008 11:49AM
Just wait until the really huge layoffs happen at Chrysler. Not good to have after announcing $39 billion in Wall St. bonuses. Hate to say it and love my country, but start working on a foreign passport. Swiss if you can get it.
Posted by Mick , Jan 18, 2008 11:52AM
Don't tase me bro!
Posted by shebebanging , Jan 18, 2008 11:56AM
byyyyaaaaaaaaah! Michigan BYAAAAAH!!!!
Posted by idiocracy , Jan 18, 2008 11:57AM
I love the knee-jerk reaction to blame this on liberals. These are people who are just afraid of losing their jobs. Liberal or conservative, no one likes getting a pink slip.
Also, to George Orwellian: check out Godwin's law and stfu, kthx.
Posted by interesting , Jan 18, 2008 12:05PM
http://www.whartonpeconference.org/sponors.htm#dealB
Posted by AJ , Jan 18, 2008 12:06PM
Orwell: Please, we save our Nazi/Brown shirt references for posts about Deutsche and their enablers at UBS
Posted by , Jan 18, 2008 12:10PM
seems to me that the banners are a ringing endorsement of carlyle's proposed strategy...
Posted by Interesting? , Jan 18, 2008 12:28PM
Hey "interesting"... I see that DealBreaker is a sponsor, what's your theory? I love a good conspiracy theory, but it's so hard to find a good one nowadays. What's yours?
Posted by Down 10% , Jan 18, 2008 12:34PM
Excerpt from Philadelphia Inquirer-
Rubenstein continued his remarks by saying, "How many students still want to be in private equity?
"This is sometimes a combat sport."
Laugh.
Posted by Chris White , Jan 18, 2008 12:40PM
MotherF***er should take a remedial course in ethics before he goes any further.
Posted by Nominate me , Jan 18, 2008 12:43PM
Finance nerds making "combat sport" references in regards to their trading
=
douchebaggery at its finest
Posted by , Jan 18, 2008 12:46PM
can we please get a racy, gossipy story?
Posted by , Jan 18, 2008 12:46PM
can we please get a racy, gossipy story?
Posted by mrpink , Jan 18, 2008 12:52PM
I WANT MORE SETH TOBIAS NEWS
Posted by BSD , Jan 18, 2008 1:19PM
Did anybody else see the gentleman sporting a beret on the left side of the second picture. France, indeed.
Posted by Alan , Jan 18, 2008 1:26PM
Carlyle's LifeCare Hosptials had the highest hospital death toll after Hurricane Katrina. They lost 24 patients after the storm sideswiped New Orleans.
This fact was never mentioned in George W. Bush's Lessons Learned Report. Carlyle has to be grateful to Fran Townsend for altogether leaving LifeCare out of the investigative tome. They enter wrongful death civil suits with the feds silent on the performance of hospital evacuations.
One might expect his fact to arise as Carlyle pursued ManorCare. Nope, not one government representative raised the issue:
If Carlyle/LifeCare can fail patients in one of twenty one LTAC's in a time of crisis. what can they do with ManorCare's 500 mostly nursing homes?
Fran left the White House unscathed according to the NYT. She wants to do global risk management for a large bank or financial services company. Fran clearly has a track record managing Carlyle's risk. Fran even hired Bob Barnett for career guidance. The attorney lists senior members of Carlyle amongst his "A list" of clients. Might The Carlyle Group hire her?
Posted by Ha , Jan 18, 2008 1:57PM
Was DB's Wharton correspondent hospitalized, shanked or cuffed by the fuzz in the ensuing melee? This started off so promising but it's been nothing but dead air for hours... where's the follow up?
Posted by , Jan 18, 2008 2:02PM
If you think that is a protest....wait until Mozilla shows up at USD next week.
That will be a protest........
Posted by Trisha , Jan 18, 2008 2:25PM
i am the woman that came at rubenstein, he obviously doesn't care about the residents at manor care, and neither do u people whom are posting nothing but bullshit.. but just remember one day you all will be in there shoes and will need the proper care given.. have a heart!
Posted by Trisha , Jan 18, 2008 2:25PM
i am the woman that came at rubenstein, he obviously doesn't care about the residents at manor care, and neither do u people whom are posting nothing but bullshit.. but just remember one day you all will be in there shoes and will need the proper care given.. have a heart!
Posted by Monroe , Jan 18, 2008 2:33PM
Have a heart??? Have some pudding!
Posted by AJ , Jan 18, 2008 2:37PM
Trisha, if I believed you were actually protesting for adequate care, I'd buy into your argument a bit. Considering the protests are actually to protect jobs disguised as an argument that less jobs equals worse care, I'm not buying it...
Posted by Anonymous , Jan 18, 2008 2:44PM
Woman, the street doesn't have a heart. It's just about money.
What happened to the DB correspondent?
Have the DB staff sent to Wharton to bail him out?
Posted by , Jan 18, 2008 2:47PM
DB clearly left at 11 AM for the holiday.
Posted by , Jan 18, 2008 2:49PM
@2:44 Judging from the Tobias case and being called ANALyst, it's also about the boys on the Street, hon.
Posted by , Jan 18, 2008 3:06PM
I love it when non-financial people come on DB and start posting. So funny.
Posted by chris , Jan 18, 2008 3:06PM
"you all will be in there shoes." As a great man once said "take a remedial course in English before you go any further." Maybe Pinker was wrong about there being a language instinct.
Posted by Dr. Jack , Jan 18, 2008 3:08PM
I have to disagree with you Triscia I won't be in their shoes. I won't require any assisted LIVING, but perhaps some assisted...
Posted by , Jan 18, 2008 3:15PM
god this is so boring.
yeah how do they get here anyway 3:06?
Posted by Ron Paul supporter , Jan 18, 2008 3:16PM
I am non-financial and live on a farm. I married my cousin when we was only 17 year old. As a hardworking and true patriot, i am going to be putting my vote to work by voting for Ron Paul. You NYCers have expense restaurants, all you do is drink and live in fancy expensive houses that are tiny. If you support this country, you would vote for Ron Paul but your prolly to busy counting your money
Posted by , Jan 18, 2008 3:37PM
dammit RP supporter i knew you would be coming out of the woodwork. i bet you are a bot or a hacker, or maybe even *gasp* a truther
Posted by George Orwellian , Jan 18, 2008 3:43PM
Idiocracy:
Godwin's Law concedes: if the shoe fits, wear it.
Disrupting free speech by physical threats or violence is the same, whether wearing a purple shirt or a brown one.
Never again.
Posted by Inquisitor , Jan 18, 2008 3:43PM
Amazing... talk about anger. People are always trying to blame someone or something for their problems, and Carlye is no different.
Posted by OH is a shithole , Jan 18, 2008 3:45PM
These protesters remind me of the stupid fucktards who borrowed too much money with ARMs.
Posted by , Jan 18, 2008 3:48PM
I also intend to vote for Ron Paul
Posted by , Jan 18, 2008 3:56PM
we just got linked to by wsj
Posted by HAM'05 , Jan 18, 2008 4:00PM
oh no, here they come...
Posted by , Jan 18, 2008 4:07PM
Any updates on the Epstein case (and the sexiest trannie I have ever seen)?
Posted by Reader, I Married Myron Scholes , Jan 18, 2008 4:42PM
This is kind of like preaching nonviolence to cage fighters, but the level of discourse on this site sometimes makes me sad. Especially when I consider how many incredibly smart, kind people take jobs in finance out of college and then are slowly socialized into thinking this way about the rest of society. I understand that this is a cynical website, but usually the cynicism is directed at powerful businesspeople who display incompetence or idiocy in their judgment.
I guess I should be hardened enough in life to expect it, but it still frustrates me to read anonymous comments that make fun of elderly people who require the care of others to live their lives and poor people who are struggling to deal with the layoffs and salary cuts that come with Carlyle's creative destruction. We don't need to be socialists to believe in duty to care for those who cannot care for themselves. (Or at least a duty not to laugh at their troubles as we go about our business.)
Posted by Sebastian Benedict , Jan 18, 2008 10:47PM
Young, invulnerable, unimaginative, arrogant assholes. When you're old, bedridden and lying in your own shit all day because Carlyle fired half the nurses, you might have a different idea.
Meanwhile, imagine it's your own grandmother in one of their nursing homes. Assuming, of course, your parents knew each other's names the night you were conceived.
Posted by Stupid hippies , Jan 19, 2008 2:17AM
I hate hippies. This had noting to do with Manor Care but everything to do with these stupid hippies hating Carlyle!!
Posted by Alan , Jan 19, 2008 11:41AM
Rubenstein defended his firm by saying, "We've only owned the company two weeks." Maybe next time the media can ask about another health care acquisition, LifeCare Hosptials. Carlyle owned that LTAC hospital firm "two weeks" when Katrina struck. Their LifeCare unit in Memorial Hospital had the highest patient death toll. Yet, this fact was not mentioned once in Fran Townsend's "Lessons Learned" report.
It also didn't arise during government consideration of the ManorCare purchase. If Carlyle could fail patients in one of twenty one LTAC's in a time of crisis, what can they do with 500 mostly nursing homes?
As for the caregiver, she may be sincere, but her union is not. How can the President of a health care workers union say "employer sponsored health insurance is dead and not coming back"? He's selling out his own people so his union can become relevant in today's world, other than doing theater.
Unions want to be a huge group purchaser for health insurance. But guess who pays the freight? That's the individual, now responsible for his/her retirement, health insurance, and long term care. The healthcare part is courtesy of a bipartisan effort in Congress (see the Wyden Plan), large employers shifting health care to VEBA's, and unions (glad to take the money to invest in Carlyle like fashion).
Posted by , Jan 20, 2008 3:17PM
Poor people suck donkey dick
Posted by Elayssa , Jan 20, 2008 5:38PM
Few things:
This raises something bigger about the Health Care industry in U.S. Staffing and supplies are cut to save money, but as a result you end up paying a shit load for some really narley cost saving services. Thats going to end up being a fight to figure out.
Alan, I've heart about that big group purchaser plan. I've also heard of a push for universal health care. (Give some inteligent responses).
The reference to "hippie protesters" is kinda rediculous and trite. Get out of your bubble.
Posted by , Jan 24, 2008 8:30AM
@ Sebastian Benedict
I don't know about you kido, but the day I find myself bedridden and bathing in my own shit, saliva and various other sweet smelling matter re-purposings is about the same time I get Kevorkian on the horn. This in turn keeps Carlyle from having to continue staffing various incompetent canadians to take care of my 'black' a$$ (because remember, its covered in geriatric dukie).
Or how about I just imagine you as both of my grandmothers, as lesbians, 69ing and of course dead to boot. But in your case that would probably be far to humane. I offer to you a bathtub full of turds and as many nurses as you want to help you bath in it for eternity.
The End.