"Gordon Gekko" Geldof Praising Private Equity?
Greg Roumeliotis and Simon Meads of Reuters report, "Gordon Gekko" Geldof praises private equity : Sporting what he joked was his "Gordon Gekko" shirt, Irish rock star Bob Geldof cut an unlikely private equity figure on Wednesday as he exalted the industry's virtues and urged top financiers in their annual gathering to invest in Africa. Speaking for an hour without notes at the SuperReturn International conference in Berlin, Geldof made an impassioned address peppered with expletives designed to tug on heartstrings but also appeal to private equity's profit-making instincts. "You must go and kick the tires. You are the guys who go where capital needs to go. Capital will only go where it is sent," Geldof said, stretching out his arms as if to reach his audience of private equity executives. "Do we leave this vast continent, with all the resources we will ever need, do we leave it to China ? Eight miles from Europe, do we just leave it to them