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“#Donald Rumsfeld’s brief and bizarre stint in a private-equity war zone” The late Donald Rumsfeld was remembered this week for his rough-and-tumble stints in world politics. Less well-known is his similar history in leveraged buyouts. In 1990, the late private-equity tycoon Ted Forstmann saw Rumsfeld, who sat on his firm Forstmann Little’s advisory board, as…
“#California gov’s business manager evaded his strict COVID rules by moving to Utah” California Gov. Gavin Newsom has been accused of being out of touch with constituents during the pandemic — but one of his closest business confidantes has skipped out of the state altogether. Shyla Hendrickson — who has controlled Newsom’s wine-and-hotel company PlumpJack…
“#Analysis says Biden’s tax plan will effectively cut lower- and middle-class wages” Here’s something new to worry about when it comes to President Biden’s tax plan: It could hit you in the paycheck. A new analysis from the Tax Policy Center shows the White House’s plan to hike the minimum rate on corporate taxes to…
“#New Apollo director says he’s stepping down over ‘conflict of interest’” A newly minted board member at Apollo Global Management said he’s stepping down over a conflict of interest — and he insists that it’s not the conflict of interest some have been guessing. Earlier this month, the private-equity giant revealed in a little-noticed securities…
“#Biden’s ‘death tax’ threatens to hit New Yorkers especially hard” There’s no escaping death and taxes — and under President Biden’s tax plan, the so-called “death tax” is poised to pack a wallop for New Yorkers. The White House’s proposed tax law will for the first time treat inheritance tax as a capital gains event,…
“#Restaurant chain CEO ignores owner Leon Black’s link to Jeffrey Epstein” It may be that the average patron of Huddle House or Perkins Restaurant & Bakery, a pair of chains that specialize in hearty breakfasts at more than 600 locations across the United States has never heard of Leon Black. But Black happens to be…
“#Second LA Times hit piece on Shonda Rhimes’ talent agency looks ‘iffy’” Hopes of another exposé on talent agency ICM are fading in Hollywood — and so are hopes that rival firms will be able to poach its A-list clients. For weeks, rival agents have been salivating over the prospects that Los Angeles Times scribe…
“#Goldman CEO David Solomon to drop single on eve of return-to-work plan” Goldman insiders have two things to groan about this weekend: Goldman Sachs CEO David Solomon’s back-to-work plan and his musical alter ego “DJ D-Sol.” Solomon, who spins records as a DJ in addition to running the Wall Street behemoth, has announced plans to…
“#Rival owners of Hawks and 76ers have common Apollo Global ties” The billionaire owners of the Philadelphia 76ers and the Atlanta Hawks are as sharp-elbowed as the NBA teams’ players — and that’s not all they’ve got in common. Buyout king Josh Harris, who bought the Sixers in 2011, is tied at a game a piece in…
“#Nasdaq, stock exchange behind diversity push, blasted for own failures” Nasdaq has been beating the drum for diversity across corporate America, but the makeup of its executive ranks looks woefully out of step with that high-profile push. Late last year, the tech-heavy stock exchange startled Wall Street by saying it would de-list companies that didn’t…