On the record about
3 people · 9 quotes · 27 Oct 2020 to 10 Jun 2024
3 of 3 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 27 Oct 2020 — a date, and nothing else. It is not a claim about who reached a view first.
Gerstner says Altimeter's SPAC model lets companies set their own price and charges zero fees to the company.
“You set the price, you tell the story with forward looking forecasts. We serve up a world class group of mutual funds and hedge funds as your shareholders.”
Gerstner emphasizes Altimeter charges zero fees to companies going public via SPAC.
“And while the day of the IPO and the day after the IPO are nearly identical as if a bank took you public, we don't charge your company a fee. None. Zero.”
Gerstner emphasizes Altimeter's SPAC charges companies zero fees while delivering outcomes identical to traditional bank IPOs.
“while the day of the IPO and the day after the IPO are nearly identical as if a bank took you public, we don't charge your company a fee. None. Zero.”
Gerstner describes SPAC fee structure where shareholders pay via dilution, similar to VC fund economics.
“I mean, it's very similar to our VC funds where we get paid for helping our investors invest in companies like Snowflake.”
Gurley criticizes investors earning 2% annual fees on $300-400M checks without taking board seats.
“And for the listeners that may not know that 2 represents an annual management fee,”
Bessent says Trump Account dollars should work toward children's futures, not be diminished by unnecessary fees.
““Every dollar in a child’s Trump Account should be working toward that child’s financial future, not diminished by unnecessary fees,””
Bessent says Trump Account dollars should work toward children's financial future, not be diminished by unnecessary fees.
““Every dollar in a child’s Trump Account should be working toward that child’s financial future, not diminished by unnecessary fees,” said Treasury Secretary Scott Bessent”
Bisignano warns small annual cost differences over decades meaningfully affect amounts available in adulthood.
““For a child investing over decades, even small differences in annual costs may have a meaningful effect on the amount available in adulthood,””
Bisignano notes small annual cost differences can meaningfully affect amounts available in adulthood for children investing over decades.
““For a child investing over decades, even small differences in annual costs may have a meaningful effect on the amount available in adulthood,” said Frank Bisignano, CEO of the IRS”