Austin biz on the page

Under the Finance / Private Equity rubric, Business Week (November 27, p. 60; “A Dicey Win for Blackstone,” byline Emily Thornton) takes a look at the Freescale buyout and declares it to be “fraught with risk.” The teaser subhead reads: “The bidding war over Freescale went to the private equity powerhouse and its partners. But the chipmaker’s debt load may jeopardize its future.” In its hard-copy form, this is a two-page article. There’s an analysis of the chip industry in general. Elsewhere in the issue, we learn that Michael and Susan Dell stand eleventh in a list of the 50 most generous philanthropists and there’s quite a bit of detail on amounts and beneficiaries. There are those with lesser net worths who give more in dollars, and more proportionately. T. Boone Pickens is on the list, and we have some of the Walton family here in Texas, but the Dells represent Austin in the world of large-scale giving. The impression is that there may be less giving to area recipients, here where it all began, and more of an attempt to make a splash in the greater world.

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