Tom's of Bling


Tom's of Maine, the maker of natural toothpastes and hygiene products, announced today that it will sell to Colgate-Palmolive for $100 million in cash. [Chicago Tribune]
Tom's was founded in Kennebunkport in 1970 by the Chappell family. We can most likely assume that they were hippies when they did this, because most everything that was done in Maine in the 1970's was done, at least in part, by hippies.
We can also assume that they are hippies no more, because they are about to receive $100 million from a company that quite often puts glitter in its toothpastes before having them tested on animals.
In other news, Ben & Jerry are said to be considering an all-cash bid from Raytheon.


Jamie Dimon (Sort Of) Returns Tom Brady's Favor

Back in October, the most wonderful aspect of the JPMorgan Whale Tale emerged in the pages of Vanity Fair: the day Vice-Chairman Jimmy Lee barricaded himself in his office determined to come up with a way to help Jamie Dimon, and after hours of thinking real hard, summoned his six secretaries and told them they had a job to do, which was getting Tom Brady on the horn so he could deliver a pep talk sure to cheer up the boss. Was the call kind of awkward, considering the two had never spoken and Brady's lack of useful investment ideas likely meant his big speech involved not much more than  "Even Super Bowl champion quarterbacks have bad days" and "Keep your chin up out there?" Probably. And yet some sort of bond was clearly forged, which would explain why Dimon felt compelled to throw Brady this bone: