• 17 Apr 2009 at 2:06 PM

Those Were The Days

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CNBC had Patriarch Partners founder Lynn Tilton on earlier to discuss the battle (30 bids and counterbids) over Polaroid. Tilton says, despite making a higher offer than liquidators by a few million to buy the company out of Chapter 11, her firm lost because she “wasn’t liked.” Patriarch will be in court on Monday, filing a temporary restraining order to stop the deal from closing, and Tilton has vowed to “fight” this thing to the death. Will she bring her whip and ass-kicking boots is the question.
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[Lynn, pre-blonde, in a Christmas card she sent to clients while working as a salesgirl at AMROC, circa 1989. Via a friend o' DB.]


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Comments (83)

  1. Posted by guest | April 17, 2009 at 2:08 PM

    Yeah, she needs to keep that blonde hair.

  2. Posted by guest | April 17, 2009 at 2:10 PM

    Ah, the 80s… Hell of a six pack on that dame…

  3. Posted by guest | April 17, 2009 at 2:10 PM

    that $hit comes back 20 years later to haunt you.

  4. Posted by guest | April 17, 2009 at 2:11 PM

    and someone needs to upload cramer going crazy – again

  5. Posted by Investorcluzo | April 17, 2009 at 2:12 PM

    yeah, keep the blonde hair. who sends those kind of pictures to clients?!? or any mass distribution? wtf? oh, shouldn’t those animals be cougars – not tigers?

  6. Posted by guest | April 17, 2009 at 2:13 PM

    that $hit comes back 20 years later to haunt you.

  7. Posted by NAS Keflavik boi | April 17, 2009 at 2:13 PM
  8. Posted by Investorcluzo | April 17, 2009 at 2:14 PM

    @4 – yeah, wtf was that? he was visibly spitting…did he forget to take his meds again?

  9. Posted by guest | April 17, 2009 at 2:14 PM

    what was she selling abstinence?

  10. Posted by guest | April 17, 2009 at 2:15 PM

    she can tame my tiger anytime

  11. Posted by guest | April 17, 2009 at 2:17 PM

    She looks very professional wrestler.

  12. Posted by guest | April 17, 2009 at 2:17 PM
  13. Posted by guest | April 17, 2009 at 2:20 PM

    @9 nailed it

  14. Posted by guest | April 17, 2009 at 2:21 PM

    Hahahaha! I have the same cards, and several more from other years. She sent them out to all of her accounts. They are legendary, and have been passed far and wide. I saw them on another site awhile back, but they’ve since been taken down. I wonder if Lynn went after them. Trust me, she’s not shy about suing, or much else for that matter.

  15. Posted by guest | April 17, 2009 at 2:21 PM

    @13 – …or didn’t

  16. Posted by guest | April 17, 2009 at 2:23 PM

    not a jewish name, but that is a wej-schnoz, no? also, those wide black panties are wider than granny’s. and why go with the ‘chicken cutlets’ version of the red?

  17. Posted by guest | April 17, 2009 at 2:24 PM

    Stop toying with my emotions. You know how much I love chicks in lingerie and stuffed animals. Now I can’t stand up for a little while.

  18. Posted by Anal_yst | April 17, 2009 at 2:25 PM

    Looks Jersey-tastic as a blonde, I think I saw her down in Belmar last summer come to think about it…

  19. Posted by guest | April 17, 2009 at 2:25 PM
  20. Posted by guest | April 17, 2009 at 2:27 PM

    I’m very discreet… but I will haunt your dreams.

  21. Posted by guest | April 17, 2009 at 2:29 PM

    I developed early. By the time I was 14 I had this body you’re looking at.

  22. Posted by guest | April 17, 2009 at 2:30 PM

    OMG Lindsay Campbell has really let herself go.

  23. Posted by guest | April 17, 2009 at 2:35 PM

    What does a typical vulture investor look or sound like?

  24. Posted by guest | April 17, 2009 at 2:36 PM

    First one to make a comment about AMROC bid/ask spreads earns DB points.

  25. Posted by guest | April 17, 2009 at 2:41 PM
  26. Posted by guest | April 17, 2009 at 2:41 PM

    Maybe when she went blond she got dumber, and thinks if she owns Polaroid she’ll control all the negatives.

  27. Posted by guest | April 17, 2009 at 2:47 PM

    @27: FTW

  28. Posted by guest | April 17, 2009 at 2:48 PM

    @27….stop it. You’re killin’ me……
    Shecky Buffett

  29. Posted by guest | April 17, 2009 at 2:49 PM

    I’d like to be ynn Tilton.

  30. Posted by guest | April 17, 2009 at 2:52 PM

    @26. Yea, yea.

  31. Posted by guest | April 17, 2009 at 2:53 PM
  32. Posted by guest | April 17, 2009 at 2:58 PM

    Man she’s come a long way since starring on the TV show “Dallas”…..Never would have thought such a cute blonde actress would be a success in business! I went and asked the quants if they ever saw her on Dallas but they are all too young to remember.

  33. Posted by guest | April 17, 2009 at 2:58 PM

    Commenter 14 again (first guest @ 2:21)…
    Those pictures actually look way better than she did at the time. There’s significant air brushing and sucking in of her her gut going on. Marc Lasry and his sister Sonia (AMROC heads who now run Avenue Capital) were not very pleased that she was sending the cards out; they considered them to be very embarrassing. But she was a big producer there (no doubt due to the length of her skirts & always in your face cleavage not to mention how she “took care” of her accounts), and they didn’t have a whole lot of control over her.

  34. Posted by guest | April 17, 2009 at 3:01 PM

    FOR THE RECORD – IT WAS A 1997 CHRISTMAS CARD SENT TO 10 ACCOUNTS AS A RETIREMENT GIFT – GO FIGURE. IT WAS A ONCE IN A CAREER OPPORTUNITY – LUCKY FOR THOSE OF YOU WHO ARE GETTING A SECOND LOOK. I WAS AN INSIDER TO THE TRANSACTION – UNLIKE THE “FRIEND O’ DB”.

  35. Posted by guest | April 17, 2009 at 3:04 PM

    I sent a pic of me in a sequined yellow banana hammock to a retiring client and she had a heart attack.

  36. Posted by guest | April 17, 2009 at 3:08 PM

    all caps crazy @36- considering DB didn’t list the friend’s name, how exactly would you know that, champ?

  37. Posted by guest | April 17, 2009 at 3:17 PM

    always wondered what happened to Dee Snyder

  38. Posted by Investorcluzo | April 17, 2009 at 3:18 PM

    @36 – that you lynn?

  39. Posted by guest | April 17, 2009 at 3:28 PM

    I had sex with a girl that looked like that on Fire Island two years ago. She said she was from Merrick but I didn’t believe her.

  40. Posted by guest | April 17, 2009 at 3:32 PM

    HMMM…BECAUSE I WAS THERE? APPLE DOESN’T FALL FAR FROM THE TREE…NOR DOES SHE ALLOW FOR AIRBRUSHING…

  41. Posted by guest | April 17, 2009 at 3:34 PM

    @42- so you’ve contacted everyone else who was there (you said there were ten people who got it) and asked them if they were the person who sent it to DB? yeah, that’s what I thought. Lynn.

  42. Posted by guest | April 17, 2009 at 3:35 PM

    42 and 36 definitely = lynn. who thinks we’re head for a cliff assnes-style meltdown?

  43. Posted by guest | April 17, 2009 at 3:37 PM

    @44
    I already bought the popcorn

  44. Posted by guest | April 17, 2009 at 3:39 PM

    Lynn, I think you should sue.

  45. Posted by guest | April 17, 2009 at 3:40 PM

    The Patriarch platform is a vertically integrated distressed private equity firm with *robust* in-house operational turnaround expertise.
    http://www.patriarchpartners.com/about.html

  46. Posted by guest | April 17, 2009 at 3:41 PM

    @46- why would she sue? she loves putting this image of herself as a “sexpot” out there. look at the pic she put on her own website @47. stripper hair much?

  47. Posted by guest | April 17, 2009 at 3:43 PM

    Are there any hot analysts at Barclays?

  48. Posted by guest | April 17, 2009 at 3:45 PM

    @47
    My dick is always *robust* around distressed, fake, blonds.

  49. Posted by guest | April 17, 2009 at 3:46 PM

    http://money.cnn.com/2009/04/14/news/newsmakers/demos_tilton.fortune/index.htm
    (Fortune Magazine) — Lynn Tilton does not look or sound like your typical vulture investor. But that could be because the sometimes provocatively attired (and always outspoken) founder of Patriarch Partners sees the buying and reengineering of broken companies as a calling. “I save companies others throw away,” she says, “bringing light into the gathering darkness. This is why I was put on this earth.” (Okay, then.)
    Her firm manages $6 billion in assets and invests in 70 mid-market companies, from Arizona Iced Tea to Rand McNally. She has TV offers – six so far, including a reality show. Her opinions about the bailout (she thinks banks are getting off easy) have appeared in the Financial Times. Friends like Indian mogul Ratan Tata consult her almost as frequently as she does the Mayan sorcerer who once was her spiritual guide.
    Recently Fortune accompanied her to St. Paul on such a rescue mission – an auction for Polaroid, no longer the camera giant of yesteryear but mostly a licensing business. She offered $59 million to buy it out of Chapter 11, keep its 80 workers, put its name on solar panels, and invest in a new digital instant camera. Polaroid accepted the bid, but creditors pressured the company to reopen the auction for a higher offer from liquidators, which would sell off its assets and probably fire employees.
    Tilton was furious at first – she told the creditors they were “scum in suits” – and refused to re-bid. But flying back to New York on her Gulfstream jet, e-mails poured in from Polaroid workers begging her to save them. She couldn’t say no. “We will fight in the name of American renewal,” she told Fortune, and started work on a higher bid.

  50. Posted by american bandersnatch | April 17, 2009 at 3:47 PM

    Funny that on the web site she is Ms. Tilton and the rest of the team goes by their first name. Still, I would have returned her calls back in the 80s

  51. Posted by guest | April 17, 2009 at 3:49 PM

    @american bandersnatch- really?

  52. Posted by guest | April 17, 2009 at 3:51 PM

    @48 Looks like one of those ‘chicks’ on brazzers. She doesn’t have a snatch to stand on.

  53. Posted by guest | April 17, 2009 at 4:11 PM

    Klassy girl.

  54. Posted by Investorcluzo | April 17, 2009 at 4:25 PM

    @47 – thanks for the link. I call weave on that “stripper” hair of hers. question for her co-workers: how can you take yourselves seriously working for that woman? I mean, do you think your clients look at the website or just horny dudes late at night?

  55. Posted by guest | April 17, 2009 at 4:26 PM

    @36 Last night I brought home this Ukrainian girl. She said she doesn’t usually go for the finance type, but she said that I was special.
    …I mean I still paid her, but by the judging by the twinkle in her eye, I could tell she really loved me.
    Btw. What’s with the flabby tits?

  56. Posted by guest | April 17, 2009 at 4:37 PM

    @15 i didnt nail her but lets be honest…I nailed it.
    -9

  57. Posted by guest | April 17, 2009 at 4:41 PM

    @57 – I think our clients look at their returns, which are superb…
    Lynn is brilliant – you don’t create this kind of success by accident, and certainly not when you’re building value at distressed companies brick by brick.
    If she’s also a bit of an extravert, that just adds to the fun.
    Hey, I’ll take a boss who can look like this over a paunchy balding man any day…

  58. Posted by guest | April 17, 2009 at 4:41 PM

    those thighs and gut are disturbing

  59. Posted by guest | April 17, 2009 at 4:43 PM

    DOES NOT WANT

  60. Posted by guest | April 17, 2009 at 4:43 PM

    @57 – I think our clients look at their returns, which are superb…
    Lynn is brilliant – you don’t create this kind of success by accident, and certainly not when you’re building value at distressed companies brick by brick.
    If she’s also a bit of an extravert, that just adds to the fun.
    Hey, I’ll take a boss who can look like this over a paunchy balding man any day…

  61. Posted by Investorcluzo | April 17, 2009 at 4:48 PM

    @60/63 – double post much? as for returns, please provide link for verification…

  62. Posted by guest | April 17, 2009 at 4:56 PM

    @57 you have the tone of a bitter unemployed ibanker/iwanker
    jealous much?
    Speaking of jealous, has anyone seen a pic of bess levin? must hurt to sit as a critic on the sideline, and look for 20 year old pics since there is no pithy punch for present performance.

  63. Posted by guest | April 17, 2009 at 5:00 PM

    @65
    Cliff, is that you? How’s AQR doing?
    We’ve missed you…

  64. Posted by guest | April 17, 2009 at 5:08 PM

    lynn@65- “look for 20 year old pics”? girlfriend, please. you sent this to your clients, and being disgusted with it, one of them sent it to dealbreaker.

  65. Posted by guest | April 17, 2009 at 5:12 PM

    oh lynn. defensive much? notice bess said nothing negative about your appearance (or any commentary on your appearance at all?). maybe think before you send out absurd pictures of yourself to fucking clients, or anyone else in your professional life.
    ridiculous.

  66. Posted by Investorcluzo | April 17, 2009 at 5:39 PM

    @65 – you have the tone of a bitter 4th tier “advisory” shop. work much? as for bess, having met her (finally) I can safely say, your boss (lynn) is no match…but that’s not saying much.

  67. Posted by guest | April 17, 2009 at 5:44 PM

    Wait, this is the same woman who fired a guy for appearing on the real housewives of new york?
    http://www.nypost.com/seven/04052008/gossip/pagesix/housewives_costs_exec_his_job_105032.htm
    Really?

  68. Posted by Investorcluzo | April 17, 2009 at 5:48 PM

    @70 – cluzo applauds your work. well done.

  69. Posted by guest | April 17, 2009 at 5:52 PM

    I interviewed with this firm. Patriarch is in so much trouble, it’s not even worth discussing.

  70. Posted by guest | April 17, 2009 at 5:53 PM

    @49 – not any senior analysts that i’ve seen. a couple of the juniors give good phone. even the girls in equity sales are pretty busted…

  71. Posted by guest | April 17, 2009 at 5:55 PM

    @70 This go too far even for this Russian bear.
    Das Vadanya,
    - Equit Privat

  72. Posted by trojan | April 17, 2009 at 6:27 PM

    Dude, she’s like a moped, fun to ride until your friends see you.

  73. Posted by guest | April 17, 2009 at 6:31 PM

    .

  74. Posted by guest | April 17, 2009 at 9:32 PM

    I would still hit it but the picture on the lower right in the red outfit makes her look like she is taking a shit. For some reason that doesn’t do it for me.
    - Fixed Income

  75. Posted by guest | April 17, 2009 at 11:23 PM

    It’s a damn shame cards like that are frowned upon now. I’ll bet they worked. At least she knew that client was going to take her next call.

  76. Posted by guest | April 18, 2009 at 6:23 AM

    @78
    Please send me cards with pictures of your teenage daughter in a bikini.
    I’ll field your next call if you do.

  77. Posted by guest | April 20, 2009 at 3:19 PM

    Hey @79 – were you up all nite? her teenage daughter is pushing 30 now!

  78. Posted by guest | August 18, 2009 at 2:30 AM

    My 81 year old father thinks she is hot, but then he is half blind. You would think with all of her money she could afford a boob job.
    EZ Money

  79. [...] came from “fond memories of what I had once done with tassels.” Some of you may know what she’s talking about! For those not lucky enough to be a Christmas card-receiving client of Lynn’s when she was a [...]

  80. [...] came from “fond memories of what I had once done with tassels.” Some of you may know what she’s talking about! For those not lucky enough to be a Christmas card-receiving client of Lynn’s when she was a [...]

  81. Posted by Wolfie | July 11, 2010 at 7:27 PM

    Hey, I’ve dated worse. May as well admit it before someone dimes me out, lol. That said, I’ve dated better.

    Distressed companies, huh? I wonder if Miz T ever considered the fact that these “distressed companies” are distressed for a reason. The result of years of mismanagement, for example.

    My father used to say you can’t polish a turd.

  82. Posted by Sludgemonkey | January 28, 2011 at 10:12 PM

    Maybe……..maybe not.

  83. Posted by Guest | September 8, 2011 at 4:55 PM

    Vomit, it's whats for dinner.

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