Deposed SemGroup chief executive and president Tom Kivisto told employees of the (voluntarily) bankrupt company on Saturday that things are going to be okay, though he refused to take questions from the media, only stating that "as the facts and truths surrounding this chain of events are revealed, the SemGroup employees will regain their trust in what they initially believed." This is obviously going to take years and a lot of red tape to sort through so I'm just going to ruin the surprise for you now-- it all leads back to Hooters. Though where the funeral homes come into play, I do not know.
Earlier: SemGroup: It Gets So Much Worse
SemGroup co - founder reassures employees amid probe [AP via NYT]
Posted by guest , Jul 28, 2008 10:11AM
Go for the gusto, go for Mayo!
Posted by guest , Jul 28, 2008 10:11AM
Suddenly buffalo wings and beer for lunch seem like a really good idea.
Posted by guest , Jul 28, 2008 10:13AM
what's all this talk about Mayo?
Posted by guest , Jul 28, 2008 10:22AM
#3
No you didn't.........
Posted by guest , Jul 28, 2008 10:27AM
#3 is TGFD
Posted by Judson_Clark , Jul 28, 2008 10:34AM
Oh jeez snarf snarf
Posted by guest , Jul 28, 2008 10:44AM
TGFD is on vacation.
Posted by Anal_yst , Jul 28, 2008 11:22AM
I think if you probe the LoSC archives (see: Verizontal Consolidation), I think you'll find the answer...
Posted by guest , Jul 28, 2008 11:52AM
not sure what vertizontal consolidation has to do with who i can only assume is mike mayo...
Posted by Anal_yst , Jul 28, 2008 12:28PM
http://longorshortcapital.com/vertizontal-consolidation.htm
Posted by Anal_yst , Jul 28, 2008 12:30PM
...explaining the semgroup/hooters/funeral home connection...
Posted by guest , Jul 28, 2008 1:03PM
so let me get this straight: mike mayo is popular because he a) makes contrarian calls b) downgraded C before Whitney did, and c) sarcastically told Thain on a confernece call that none of MER's peers did $8 billion of writedowns?
Posted by mrpink , Jul 28, 2008 1:47PM
I believe Mayo told Stan O'Neal that.. I could be wrong though.
-mrp
PS: Where can we get archives of all these fun conference calls? I miss listening to The Mayo.