"A Palm is like a Haircut 100 record. A hit once, but no one even wants to go to the reunion show."
Bob Lefsetz is referring to Elevation Partners investments in Palm and how Elevation is the only thing keeping Palm alive. This was spurred by Bob's review of an op-ed piece by Bono in the NY Times. The article is Bono's stream of consciousness writings on Frank Sinatra.
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