Monday, 30 March 2015
Last updated 2 days ago
May 27 2010 | 3:57am ET
Hedge fund manager Jeffrey Vinik has installed Hockey Hall of Famer Steve Yzerman as general manager of the Tampa Bay Lightning, the team he bought in February.
“He had all the characteristics I’ve talked about that I and the Lightning organization are looking for,” Vinik, who runs Boston-based Vinik Asset Management, said at the press conference introducing Yzerman. “Leadership, integrity, hard work, loyalty and an intelligent, thoughtful approach to making decisions.”
Yzerman, who won four Stanley Cups in a 23-year playing career with the Detroit Red Wings, returned the compliments to his new boss.
“With each conversation Jeff and I had, I liked his plan,” Yzerman, who was inducted into the Hockey Hall of Fame last year, said. “In my opinion, I believe Jeff has a complete understanding of what has to be done here.”
Vinik said Yzerman will have “full rein” in picking a coach and rebuilding the club, which won the Stanley Cup six years ago but has missed the playoffs in each of the past three seasons.
Yzerman spent the last four years as a vice president of the Red Wings. It is believed Vinik offered him a five-year deal that will make him among the highest-paid general managers in the National Hockey League.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…