Wednesday, 17 September 2014
Last updated 2 hours ago
Jun 2 2011 | 1:39pm ET
President Barack Obama has nominated a Kohlberg Kravis Roberts adviser to serve as U.S. Secretary of Commerce.
Obama tapped John Bryson on Tuesday for the Cabinet-level post, where he'll succeed outgoing Sec. Gary Locke if confirmed by the U.S. Senate. That is no sure thing, as Senate Republicans have pledged to block any Commerce nominee until the Obama administration submits free-trade agreements with Colombia and Panama for Senate approval.
Bryson, a former CEO of energy company Edison International and a co-founder of the Natural Resources Defense Council, joined KKR in August 2008 as a senior adviser, specializing in infrastructure investments.
Obama called Bryson "a fierce proponent of alternative energy," a fact that led some Republicans to say, trade agreements or no trade agreements, they'll oppose his nomination. Sen. James Inhofe (R-Okla.) called the NRDC "a radical environmental organization."
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…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...