Paul B.s. on antitrust policy
From PJT CEO Paul Taubman Ramps Up Hiring With 'Big Uptick' Coming in M&A · · Bloomberg Television
“Clearly, there are real concerns with big tech. I think the way this election was debated on issues, inflation is a real issue there for retail, where the consumers feel that consolidation there is a big issue. So I think those two industries are going to continue to be in harms way, big tech and retail, and you need to think about those industries differently. I think the second is vertical integration. There's always been concerns about vertical integration. I think those are going to persist. But what's going to be different in this administration is more behavioral remedies, more willingness to negotiate fixes to get deals approved. And I think you also have to get beyond the United States. You got to look at Europe. If you look at what's happened in the EU, look what's happened in the U.K., their anti-competition approach has arguably harmed many of the European companies and chilled business activity in Europe. Our sense is that that mood is shifting and I think you're going to start to see a more constructive approach to competition coming from Europe as well as the United States.”
On , Paul B.s., Founder, Chairman & Chief Executive Officer at PJT PARTNERS INC, spoke about antitrust policy during PJT CEO Paul Taubman Ramps Up Hiring With 'Big Uptick' Coming in M&A on Bloomberg Television.
About Paul B.s.
Paul Taubman, chairman and CEO of PJT Partners, has described the M&A environment as being in a "stuck" state, attributing the slowdown to the end of easy money conditions and a pullback by private equity firms. He stated in September 2024 that until interest rate cuts occur, it will be difficult to get the M&A marketplace moving, and he characterized the period as an "M&A recession" that will take a long time to recover from. Taubman also noted that private equity firms are "exquisite at controlling exit timings" and have long runways, which he said will contribute to a "very, very slow build back up" in deal activity. Despite the challenging near-term environment, Taubman has emphasized that PJT Partners is pursuing "quite significant" hiring, describing the slowdown as a conducive environment to recruit top talent due to lower switching costs for bankers. He reported that the firm has tripled its headcount and revenues over eight years, and stated that PJT Partners sees "tremendous opportunity to grow" as it remains a fraction of the size of larger competitors. In the third quarter of 2025, Taubman reported record results for the firm in terms of revenue, adjusted pre-tax income, and adjusted EPS.