In 2004, Mark Zuckerberg and his Harvard chums had the idea people might want to share life's big moments - and the completely inane - with friends, real and virtual. It would never catch on!
It is also a decade since the Corporate Finance Faculty relaunched its monthly newsletter as Corporate Financier magazine. In those 10 years, the global economy and the world of M&A has been through the mill.In 2004, most people on the Clapham omnibus would have guessed that Fred the Shred was a character on the Muppet Show.
The problem was that the politicians were using hot air to toast private equity’s buttocks. The Corporate Finance Faculty, with authors John Gilligan and Mike Wright, decided to produce Private Equity Demystified to provide an independent view of the sector for MPs, the wider public and the media. Six years on, and the industry has moved on too, as has the debate, in no small part thanks to this publication.
The book, like your magazine, sums up one key aim of the faculty, and a fundamental aim of corporate finance advisers. Decisions can always turn out to have been right or wrong. And the only thing that is foolproof is of course hindsight. But at the very least we can all agree that we must be as well-informed as we possibly can.