Monday, 20 October 2014
Last updated 15 min ago
Jun 30 2014 | 6:28am ET
Private-equity honcho Glenn Hutchins is joining the board of AT&T—and he didn’t even have to buy the company.
The telecommunications giant said on Friday that the Silver Lake Partners co-founder would succeed James Blanchard on the 14-member board, following Blanchard’s retirement in April. Hutchins’ appointment comes as AT&T is seeking approval for its $48.5 billion takeover of DirecTV.
Silver Lake is one of the biggest investors in technology companies, most recently sealing a deal for computer-maker Dell Inc. He also has ties to Washington, having served as a special adviser to President Bill Clinton, that could come in handy as AT&T tries to win regulatory sanction for its DirecTV deal.
“Glenn is one of the world’s preeminent technology investors and will be a terrific addition to our board,” AT&T CEO Randall Stephenson said. “His deep expertise in technology and finance, combined with his public policy acumen, will be incredibly valuable to AT&T.”
Hutchins will serve on the board’s corporate development and finance committee.
The Silver Lake chief already serves on a number of other boards, including those of the Nasdaq OMX Group and the Federal Reserve Bank of New York.
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 McKitish of Peddie School's 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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...