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...After consulting with Ben & Jerry’s management and stakeholders, Mittal said the board was confident its stance on a ceasefire was “consistent with the history and values of our company”....
...Anguilla was using a legal device called a derivative lawsuit to sue the Apollo founders on behalf of the company itself, asserting legal rights that it said the company’s directors were unlikely to enforce...
...As banks’ capital positions and profitability improve, risk premiums will continue to shrink and AT1s will become tools to allow flexible management of capital mix....
...When you move it to a BDC [business development company], it gets 1.5 times leverage. And so on and so on and so on. So, every time you move something out of a banking system, you de-lever the system....
...Apollo chief executive Marc Rowan said the changes to the deal with UBS were neutral for the firm....
...Rowan later talked more about how “shadow banks” like Apollo interact with the traditional lending industry....
...“When you move something from the banking system to asset management, you move it, for the most part, from a levered system to an unlevered system,” Rowan said....
...At least it has a lot of company up the creek....
...“In 2008, we had $44bn of assets under management. We’ve grown 14-times. That’s faster than Apple’s revenue [growth],” Rowan said last week, referring to Apollo’s $652bn in overall assets....
...Apollo Global Management’s Marc Rowan called it a “worldwide phenomenon”, and Ares Management’s Michael Arougheti sees “risk-reward characteristics that are as favourable as we’ve seen in many years”....
...“We have been on offence,” Rowan said....
...Time Warner employees rebelled against the new management from AOL, leaking embarrassing details to the press....
...Legal legacy Ira Millstein’s work led to a landmark shift in the centre of corporate power from company management to boards, the FT writes in an obituary of the lawyer....
...Jerry Hopkinson, executive chair of PDT, said the outcome was a “vindication”....
...Its loans range from large deals to finance the growth of a semiconductor company Wolfspeed and financing for companies such as AT&T and Air France....
...Maybe it’s time to change management in those divisions.”...
...Marc Rowan....
...About 75 per cent of Apollo’s assets under management are in private credit....
...Marc Rowan offers bangers on buyouts Count Apollo Global Management chief Marc Rowan among a growing chorus of prominent investors who believe an epic run for private equity returns has ended....
...Ice cream maker Ben & Jerry’s is one of the few companies to have publicly called for a permanent ceasefire in Gaza....
...“The motivation here is not to impose conservative ideology on companies, but rather to depoliticise the world of proxy voting,” Jerry Bowyer, founder and president of Bowyer Research, who is running the...
...“Debanking” is at its early infancy, argues Marc Rowan, chief executive of private capital firm Apollo....
...Origin Energy shareholders were not won over in enough numbers to clear a $12.7bn offer from a consortium led by Canadian asset management company Brookfield, which intended to buy and break up the business...
...His comments prompted private equity bosses like Marc Rowan, chief executive of Apollo Global Management, to rush to their industry’s defence....
...Marc Rowan, the head of Apollo Global Management, separately led a campaign against the University of Pennsylvania, which sparked the resignation of Scott Bok, chair of the board of trustees....
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