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The Street: Scott Rostan “Where Top MBA Graduates Want to Work and Salary Expectations”

A new survey of MBA students and graduates found that their top employment choice is not bulge bracket banks but consulting firms. Training The Street (TTS) conducted its fifth annual survey of MBA students. The firm says consulting firms recruit more aggressively than the large banks. The survey also found MBA students are very optimistic about their job prospects. In terms of salary, most were receiving job offers with starting salaries between $100,000 and $125,000. 26% of the respondents reported offers of more than $125,000. TheStreet’s Susannah Lee speaks with Scott Rostan, President of Training The Street, to find out more.

Bloomberg

Bloomberg: Scott Rostan “OpenTable’s High Premium Boosts Yelp to GrubHub”

http://www.bloomberg.com/news/2014-06-13/opentable-gets-top-internet-premium-since-2007-real-m-a.html By Tara Lachapelle and Brooke Sutherland What do OpenTable Inc. (OPEN), Uber Technologies Inc. and WhatsApp Inc. have in common besides sky-high valuations? Look it up on your phone. The 53 percent premium Priceline Group Inc. is wooing OpenTable shareholders with tops any other large takeover of an Internet stock in North America since 2007, according to data compiled by Bloomberg. For $2.6 billion, Priceline is getting a business that more than 15 million diners per month use to book tables from the palms of their hands. It’s the latest mobile-application company to command a high valuation for relatively low sales. As smartphones become increasingly more useful, buyers are paying up for the companies that develop the most popular apps. In February, Facebook Inc. paid such a lofty price for WhatsApp that it valued the chat service like a drugmaker developing […]

Bloomberg

Bloomberg: Scott Rostan “Real M&A: JBS’s Remaining Targets Lack Hillshire Appeal”

http://www.bloomberg.com/news/2014-06-12/jbs-s-remaining-targets-lack-hillshire-appeal-real-m-a.html  By Brooke Sutherland JBS SA (JBSS3) is running out of consolation prizes. The Brazilian meat producer’s latest attempt at a major deal was quashed this week when Tyson Foods Inc. won the bidding war for Hillshire Brands Co. (HSH) with a record premium for the food industry. Last year, JBS was preparing a bid for Smithfield Foods Inc. before the hog producer agreed to sell itself to WH Group Ltd., people familiar with the matter said at the time. After passing on those deals, the $10 billion company’s acquisition options are narrowing, Deutsche Bank AG said. One of the most appealing options for JBS — yet unlikely to ever go on the block — is Kraft Foods Group Inc. (KRFT)’s Oscar Mayer. Hormel Foods Corp. (HRL) would also be logical, although with a market value of $13 billion, it’s […]

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CNBC Taking Stock: Scott Rostan “Market Divergence Unusual”

BNN

BNN: Scott Rostan “IPO/M&A Frenzy”

http://watch.bnn.ca/business-day-pm/business-day-pm-april-2014/business-day-pm-april-15-2014/#clip1080660

Crain’s: Scott Rostan “M.B.A.s flock to tech scene”

Traditional Wall Street jobs aren’t the sure thing they used to be for some graduates. http://www.crainsnewyork.com/article/20140318/NONPROFITS/303169997/-education-report-m-b-a-s-flock-to-tech-scene# By Eilene Zimmerman Kelly Goldston didn’t make a beeline for an investment bank or consulting firm like many M.B.A.s when she graduated last May from New York University’s Stern School of Business. Instead, she took a job as senior manager of acquisition marketing for the e-commerce site Diapers.com, owned by Quidsi, an Amazon company that made her an offer before she graduated. “The startup scene in New York City is really heating up, and at a party, it’s a lot more sexy to talk about your job at a startup than at a hedge fund,” said Ms. Goldston. Like Ms. Goldston, many recently minted M.B.A.s have continued the post-recession trend of looking for work outside of high-profile Wall Street employers such as Goldman Sachs […]

bloomberg TV

Bloomberg: Scott Rostan on “The Tug-of-War Over Top Financial Talent”

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Bloomberg: Chirag Saraiya on “Herbalife Ripens for Suitors Dismissing Ackman: Real M&A”

http://www.bloomberg.com/news/2014-02-24/herbalife-ripens-for-suitors-dismissing-ackman-real-m-a.html By Brooke Sutherland and Duane D. Stanford For suitors willing to bet Bill Ackman is wrong, Herbalife Ltd. (HLF) is a prime candidate for a buyout. Ackman’s assertions that Herbalife is a pyramid scheme pit him against company backers including Carl Icahn and Bill Stiritz, chairman of Post Holdings Inc. Stiritz, the fourth-largest holder, said last year he’d support a buyout. Herbalife reported record annual profit this month after auditor PricewaterhouseCoopers LLP gave it a clean bill of health. The $6.8 billion company offers private-equity firms substantial cash flow to pay down debt, said Emerald Asset Management Inc. It has a lower earnings multiple than 98 percent of its peers, according to data compiled by Bloomberg. Ackman’s criticism is weighing down the stock and Herbalife would fetch a higher valuation in a takeout, said Kerrisdale Capital Management LLC, which sees a sale price more than 35 percent higher than last […]

law

Training The Street Offically Launches Law Firm Practice Group

http://www.cnbc.com/id/101407124 – Financial Learning Service Provider Uses Wall Street’s Tools for Legal Clients – NEW YORK, February 11, 2014 – Training The Street (TTS), a leading corporate training provider for the top Wall Street firms and business schools, officially announced today the launch of its law firm practice group. Adapting TTS’s coursework offered to banks, corporations, investment firms, consulting firms and academia, TTS is now providing training to law firms to assist transactional and litigation attorneys in understanding financial statement analysis, corporate valuation, takeover transactions, debt or equity issuances, and other relevant areas.  Today’s announcement formalizes what has been a growing practice area for TTS, which is already working with top-ten national law firms. In each training session, which is held at the client’s offices, TTS uses practical and real-life examples that attorneys encounter in various transactional and corporate litigation […]

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CFO Magazine: Scott Rostan on “CVS Jettisons a Cash Cow”

http://ww2.cfo.com/risk-management/2014/02/cvs-jettisons-cash-cow/ Marielle Segarra On Wednesday, CVS Caremark announced that it would stop selling cigarettes and tobacco products, a segment worth $2 billion in annual sales. Much has been written about the decision, which CVS says will erase 17 cents in from its earnings per share annually. Why would it make this kind of move? Partly to bolster its reputation. CVS will forever be known as the first big drugstore to drop cigarettes, in a country where anti-smoking public-service announcements are ubiquitous and smoking ban legislation is introduced every week. Indeed, CVS got an immediate pat on the back from President Barack Obama, who thanked the CEO and board of directors at CVS for making “a choice that will have a profoundly positive impact on the health of our country.” The American Heart Association and American Lung Association also lauded the […]

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