Gleacher is Losing Its Gleacher



Eric J. Gleacher, a veteran deal maker who participated in the fight over RJR Nabisco, said on Tuesday that he would leave the investment bank he founded about 23 years ago.

The departure of Mr. Gleacher as chairman comes months after his struggling firm hired Credit Suisse to explore a sale.

Gleacher to Leave His Investment Bank [DealBook]
Eric Gleacher Leaving Gleacher [WSJ]


Even When Bill Ackman Loses, He Makes A 77-Fold Return

With his attentions now focused elsewhere, Bill Ackman has no time to make three-hour presentations about why Canadian mall owner General Growth Properties should be sold, post-haste. Also: The company he wanted to buy GGP* didn't want it anymore. So he's picking up his toys and going home.