Louis Lanzano/Bloomberg News
Richard Schutte
Galleon Chief Put Millions Into Fund of Ex-Employee
By AZAM AHMEDProsecutors raised the question of whether the former employee, Richard Schutte, was testifying in favor of Raj Rajaratnam because he received the investments.
Zipcar Soars in Market Debut
By EVELYN M. RUSLIThe enthusiastic response to the Zipcar public offering is a positive sign for the market for technology I.P.O.’s, analysts said.
Jessica Rinaldi/Reuters
James Gorman, Morgan Stanley's chief.
Morgan Stanley Chief Gets a Pay Cut of $1 Million
James P. Gorman received $14 million for his first year as chief executive. Before he was promoted at Morgan Stanley, he received $15 million as co-president for 2009.
Nasdaq Names New Finance Chief
As the market operator wages a takeover battle for the NYSE, it turns to one of its banking advisers, Lee Shavel.
Poor Goldman Sachs |
Goldman Sachs won’t share in the lucrative fees from the Glencore offering, writes Bloomberg. Another nine banks are expected to divvy up $250 million from the I.P.O., which will be among the largest this year. Read more »
Pot Meet Kettle |
Bloomberg’s Jonathan Weil says that it is “comical” for Tenet Healthcare to accuse Community Health Systems of misdeeds — the corporate equivalent of “Snooki calling one of her ‘Jersey Shore’ cast mates a trashy boozer.” Read more »
Chris Schwartz
Tom Gores coaching a youth soccer team.
The Detroit Pistons’ New Private Equity Driver
Tom Gores, the private equity investor, is not just a sports owner but a passionate coach of his children’s sports teams.
Do Fries Come With That? |
Shares of Arcos Dorados — Spanish for “golden arches” — surged 27 percent on their debut on the New York Stock Exchange, Reuters reports. The Buenos Aires-based company is the world’s largest McDonald’s franchisee, with 1,700 outlets in South America. Read more »
Jack Atley/Bloomberg
Glencore has a 34 percent stake in Xstrata, the miner.
What Deals Could Glencore Make?
With public shares, Glencore will be able to pursue larger prey than before, when it was only relying on cash reserves.
Report: Twitter Rejected $10 Billion Bid From Google |
In a report that explores the drama at Twitter, Fortune says the micro-blogging service rejected two takeover offers last year, a $10 billion bid from Google and a $2 billion bid from Facebook. Read more »
AP Photo/Richard Drew
Henry M. Paulson Jr., then chief executive of Goldman Sachs, on the bank's first day of trading in 1999.
Glencore Versus Goldman
Glencore, which is prepping for an I.P.O., is drawing comparisons to Goldman Sachs — and some are valid, including that both behemoths picked opportune times to go public.
Iron Mountain
Iron Mountain's Richard Reese.
Iron Mountain Names New C.E.O.
Facing a proxy fight led by the hedge fund Elliott Management, the company says that its chairman, Richard Reese, is now chief executive as well.
Goldman Energy Banker Joins Evercore |
Raymond B. Strong III, 41, formerly a managing director in Goldman Sachs’ global natural resources group, is joining Evercore Partners as a senior managing director. He will focus on advising companies in the midstream, downstream, upstream and integrated oil sectors. Read more »
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