Tuesday, 16 September 2014
Last updated 5 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.
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…
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