Blackstone CFO Rejects Apple Approach

Jan 7 2011 | 9:06am ET

It seems Blackstone Group CFO Laurence Tosi prefers the world's largest private equity firm to its second-largest company.

Tosi turned down an offer to become CFO of Apple Inc., which is sitting on some $25.6 billion in cash and short-term investments. Tosi assured Blackstone CEO Stephen Schwarzman that he plans to stick with the p.e. giant. Bloomberg News reports.

For its part, Apple denied that it is seeking a replacement for current CFO Peter Oppenheimer, who has held the post since 2004.

"Peter is not leaving Apple," a company spokesman, Steve Dowling, said. "We are not conducting a CFO search. He loves the company and is extremely happy in his role."

Apple, with a market capitalization of more than $300 billion, is second in that metric to Exxon Mobil on the list of the world's largest publicly-traded companies.


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