Tuesday, 23 September 2014
Last updated 10 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.