Hints and tips:
...BlackRock wanted to buy a majority stake in a top private equity manager, while Warburg Pincus, which manages $84bn, did not want to cede control....
...“That’s not actually the investors saying it, that is Larry Fink.”...
...The $9.4tn asset manager has been a frequent target of attacks from US Republicans who have accused it of becoming too “woke”, and chief executive Larry Fink said earlier this year he had stopped using the...
...BlackRock also weighed a strategic tie-up with Warburg Pincus, but its requirement for control put an end to things....
...ByteDance then agreed to spin-off TikTok’s global operations into a new US-based company part owned by Larry Ellison’s software group and Walmart, the largest US retailer, but the deal fell apart after President...
...When the alternatives titans got intrigued by the idea of a tie-up, they proved unwilling to give BlackRock the majority control it wanted. Global Infrastructure Partners was different....
...BlackRock and Vanguard control more than 60 per cent of a US ETF market that has increased almost fivefold to $6.6tn from $1.35tn a decade ago....
...And how much personal control should he have over the company in the long term?...
...make for an odd pairing — Redstone, the 69-year-old Boston native and daughter of the late Sumner Redstone, is almost three decades older than the youthful, blonde-haired Ellison, son of Oracle co-founder Larry...
...Deficits are “out of control and the real story is that there’s no mechanism for bringing them under control”, said Jim Cielinski, global head of fixed income at Janus Henderson....
...The New York gallerist Larry Gagosian revived Duveen’s tactics from the 1980s onwards, creating a secondary market in high-end contemporary art....
...A version of this article was first published by Nikkei Asia on January 4. ©2023 Nikkei Inc. All rights reserved....
...Along with Vanguard, BlackRock and State Street control between 15-20 per cent of most large US public companies because of their huge index trackers and investment funds....
...Rival Binance was also charged by the SEC for misrepresentations of controls to prevent manipulative trading....
...Fink on the prowl for deals BlackRock’s chair and chief executive Larry Fink is ready to pounce on deal opportunities....
...Larry Fink, BlackRock’s chief executive, said technology was enabling a “revolution in shareholder democracy” that will “transform the relationship between asset owners and companies” as he announced the...
...One scoop start: UBS is set to enter talks with Michael Klein to unwind a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse’s investment bank, according to people...
...ISS and Glass Lewis control about 97 per cent of the market share for voting advice, the US Securities and Exchange Commission said in 2019....
...“Don’t be like Larry” when it comes to innovation, FTX’s multimillion-dollar spot warned, as comedian Larry David traversed through history shooting down advancements from democracy to indoor toilets....
...Larry Fink, BlackRock’s chief executive, said technology is enabling a “revolution in shareholder democracy” that will “transform the relationship between asset owners and companies” as he announced the...
...Musk’s personal equity investment in Twitter of about $26bn would be effectively wiped out in the event of a bankruptcy, alongside other equity stakeholders such as Sequoia Capital, Oracle co-founder Larry...
...Google founders Sergey Brin and Larry Page control 51 per cent of the votes in Alphabet through a special class of voting shares, despite owning less than 12 per cent of the equity, insulating them from...
...The justification for supervoting shares was laid out most clearly by Google founders Sergey Brin and Larry Page at the time of their 2004 initial public offering....
...Founder Larry Fink remains firmly in control of BlackRock but is bolstering his team with several new vice chairs who will focus on outreach....
...Three US index fund providers — BlackRock, State Street and Vanguard — together control 15 to 20 per cent of most American companies....
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