Jesse Jackson Stalks The Visa IPO

Shakedown artist Jesse Jackson is back at it. As Visa’s prepares its $17 billion initial public offering, s expected to be the largest ever in the United States, Jackson is bending ears and twisting arms in an attempt to cut minority-owned investment banks in for a greater share of the underwriting fees. He’s even threatening to have his allies on Capitol Hill launch a Congressional investigation if he isn’t shown the money. And he’s got a specific number in mind: he wants his favored banks to get 10% of the deal, according to DealBook’s report.
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Original Source

  5 March, 2008| Economy | @ 21:41

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