Professor Holton offers his impressions of the recently discovered transcriptions of the seminar Parsons participated in at Brown University on March 10, 1973. Copyright 2006 AJES, Inc..

Purpose – To explain and analyze SEC charges and settlement with Kohlberg Kravis Roberts & Co. (“KKR”) related to misallocation of broken deal expenses. Design/methodology/approach – Provides background, including other similar SEC enforcement actions in relation to private equity and...