Fortune published a story about private equity pioneer Warren Hellman's speech hosted by Stanford Law School's Rock Center for Corporate Governance:

Hellman & Friedman, known for its successful buyouts of companies like Levis Strauss, Young & Rubicam, and most recently selling DoubleClick to Google for $3.1 billion, will never be a public company, he told a small gathering recently at Stanford Law School. "Our philosophy is investing for the long-term," Hellman says. "We don't want to be held to quarterly scrutiny. Going public would just be a distraction from our business."