You might think the biggest problem billionaire Citadel boss Ken Griffin faces in moving his hedge fund and market-making empire from crime-ridden Chicago to the sunny and far less dangerous confines of Miami is the cost of the move. Yes, his team will be eating losses on expensive real estate (including his Chicago penthouse) that they need … Read more
Shari Redstone’s investment banker has pulled some unusual moves as he explores a possible sale of her Paramount media empire — and it’s adding to the gossip surrounding the closely watched deal talks. Last May, National Amusements — a holding company that controls 10% of the stock and 80% of the voting shares of Paramount … Read more
Goldman Sachs CEO David Solomon isn’t getting ready to fire you in the coming weeks — but he may convince you to show yourself the door. Insiders at the Wall Street giant say employees are on edge at the start of 2024 following a traumatic year that had kicked off with “David’s Demolition Day” — … Read more
Executives at Activision Blizzard are weighing a possible countersuit against a California state agency that had claimed the gaming giant had a toxic “‘frat boy’ workplace” — only to drop its litigation last week, On The Money has learned. The California Civil Rights Department, which had been investigating the company behind “Call of Duty” and … Read more
The House of Representatives has subpoenaed shareholder advisors Glass Lewis and Institutional Shareholder Services as it expands a probe into whether they have violated antitrust laws by coordinating ESG efforts with each other, On The Money has learned. On Wednesday, House Judiciary Committee Chair Jim Jordan (R-Ohio) requested what will likely amount to thousands of … Read more
A Wall Street tycoon Thursday vowed to claw back a $100 million donation to the University of Pennsylvania if the Ivy League school doesn’t boot UPenn President Liz Magill following her disastrous congressional testimony that failed to condemn rampant antisemitism on campus. Ross Stevens, the boss of Stone Ridge Asset Management, joined a growing chorus … Read more
