Sallie Mae

  • Sallie Mae

    The Hits Just KEEP ON COMING

    Oh hey, more terrible news. Unofficial DealBreaker mascot and my personal Jesus, Albert Lord, has been demoted; effective I don’t know when, Anthony Terracciano is Chairman of the Board. Insiders says that Tony previously worked at a bunch of banks, and doesn’t curse on analyst calls. Coming right out and saying it is me- this […]

    / Jan 7, 2008 at 11:04 AM
  • Sallie Mae

    Merry Christmas, Dad

    Since his little performance during Wednesday’s conference call, a lot of people have been taking bets on how long it’ll be before Sallie Mae Chief Executive Albert Lord is fired or involuntarily resigns. At Dealbreaker, we think this is ridiculous. This man shouldn’t be fired, he should be promoted, and this might seem excessive to […]

    / Dec 21, 2007 at 1:42 PM
  • Sallie Mae

    “And I’ll Just Leave It At That”

    I like to think I live without regrets but I more or less want to kill myself for not listening to Sallie Mae’s call this morning (a replay is not the same as hearing it live), for two reasons: a. CEO Albert Lord’s comment that although he sold 97 percent of his stock, “that doesn’t […]

    / Dec 19, 2007 at 12:25 PM
  • Sallie Mae

    Sallie Mae Didn’t Know How To Take No For An Answer

    Sallie Mae sounded almost melancholy today when it announced that it had finally given up its attempt to sell itself to a group of investors led by JC Flowers. Like some desperate girl who had fallen under the delusion that she was being courted by a wealthy young man who actually wanted nothing to do […]

    / Dec 12, 2007 at 10:38 AM
  • Sallie Mae

    Sallie Mae Will See JC Flowers & Co In Court!

    When JC Flowers and the other buyers declared a MAC gave them the right to walk away or change the terms of their bid to acquire Sallie Mae, we said that it was “highly unlikely” the deal would ever close. This put us in dissent to most observers, who thought the talk of lawsuits and […]

    / Oct 9, 2007 at 9:08 AM
  • Sallie Mae

    Sallie Mae LBO: It’s Over, Done, Not Happening!

    It is over. Sallie Mae has just said that JC Flowers is pulling the plug. A representative of the buyout group led by Flowers apparently informed them of the news today. The buyers have told Sallie Mae that they won’t close the deal under the terms of the merger agreement. But it’s never really over […]

    / Sep 26, 2007 at 3:48 PM
  • Bank of America, Banks, Sallie Mae

    Will Sallie Mae Eat The Big Mac?

    Update: Yep. It’s over. This post has the honor of almost certainly being the last thing ever published on this deal before the world learned that it wasn’t happening. That’s special. That’s what folks are wondering today. Now that First Data has closed and Harman International Industries and Genesco have fallen apart, eyes are on […]

    / Sep 26, 2007 at 3:31 PM

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