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Despite the notion that lawmakers are considering executive compensation pay caps for those companies which may invest in the $1 trillion PPIP, the markets did not turn against Pennsylvania Ave. There were not really any major economic data and shares bounced off lows after traders determined that the bar was being set very low. 
With the job slashing on Wall Street, we are now seeing another interesting trend -- the emergence of new boutique investment banks. Take Ken Moelis, who has spent 25 years on Wall Street and was the former President of UBS AG (USA) (NYSE: UBS).
Well, now he has his own investment bank, Moelis & Co. In fact, the firm is representing Yahoo! Inc. (Nasdaq: YHOO) on Microsoft Corporation (Nasdaq: MSFT)'s $44.6 billion buyout offer.
And, he thinks there will be more business -- as clients look for unbiased, quality advice. In fact, Moelis isn't wasting time hiring some top players.
For example, this week the firm hired Thane Carlston and William Derrough. For more than a decade, they have built a strong restructuring practice at Jefferies Group, Inc. (NYSE: JEF). Basically, this is a highly specialized area -- requiring lots of analysis and understanding of complex laws.
With the credit crunch -- and slowing economy -- it's inevitable that there will be buyout deals that crater. And with a talented team, Moelis is likely to provide some competition to the mega Wall Street players, which are busy repairing their balance sheets.
Tom Taulli is the author of various books, including The Complete M&A Handbook
| # | Blogger | Posts | Cmts |
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| 1 | Joseph Lazzaro | 118 | 0 |
| 2 | Tom Johansmeyer | 103 | 3 |
| 3 | Connie Madon | 54 | 0 |
| 4 | Steven Mallas | 44 | 0 |
| 5 | Tom Taulli | 43 | 0 |
| 6 | Mark Fightmaster | 41 | 0 |
| 7 | Trey Thoelcke | 33 | 0 |
| 8 | Steven Halpern | 30 | 0 |
| 9 | Melly Alazraki | 27 | 0 |
| 10 | Paul Foster | 26 | 0 |
| 11 | Zac Bissonnette | 24 | 0 |
| 12 | Jon Ogg | 22 | 0 |
| 13 | Brian White | 22 | 0 |
| 14 | Jim Cramer | 22 | 0 |
| 15 | Brent Archer | 22 | 0 |
| 16 | Elizabeth Harrow | 18 | 0 |
| 17 | Eric Buscemi | 17 | 0 |
| 18 | Sheldon Liber | 13 | 0 |
| 19 | Michael Fowlkes | 9 | 0 |
| 20 | Beth Gaston Moon | 8 | 0 |
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