So did this guy just sell his company for $175m, take a convertible note as compensation, and get smoked by all of this, less than 2mos later?
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yes. and its funny AF
He Might get a heart attack
Its hilarious. People on WSO see guys like M Klein as GODS. Pump the breaks... they are legit and are definitely rainmakers, but don't always know what will happen.
Deal didn’t close, he probably just walks away with his old firm is my base case
Shit, I hope so. His firm definitely punched above its weight
So definitely no spin off then? Thought UBS Chairman didn't answer anything directly. Seems like we'll know more in the coming months
Yea he didn't give much color on plans with IB. I just seen some comments on other discussions saying no spin and massive trimming
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