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...After joining as an equity derivatives research analyst in 1998, Berlinski climbed to roles that included chief operating officer of global equities....
...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...The cash from New Mountain, together with some debt financing, will be used to return capital to current partners, buy out retirement obligations to former partners and build a war chest for investment,...
...The money will predominantly be used to buy out retirement obligations to former partners and return capital to its 600 current partners, as well as to recapitalise the balance sheet and build a war chest...
...Authentic remains in advanced discussions with several potential operating partners to the Ted Baker brand, according to a person familiar with its operations....
...Christopher Finn, the longtime chief operating officer at Carlyle Group, is retiring this summer....
...“It will help us turbocharge the Android and Chrome ecosystems, bring the best innovations to partners faster . . . and internally, it will also speed up decision making.”...
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Gerald Beeson, chief operating officer at Citadel, said the “unparalleled building” would benefit “the exceptional talent we attract to our firm as we continue to grow our presence in London”....
...As Agrawal notes, they are hardly short of cash: the Mangs collectively generated $276bn of operating profits in 2023 and spent $108bn on capital expenditure....
...The FT previously reported he had threatened to quit after being excluded from a new operating committee....
...The rise in average partner pay to £644,000 puts Grant Thornton ahead of mid-tier rival BDO, which handed its partners an average of £609,000 last year....
...Jana Partners, the prominent US activist fund with around $2bn in assets, announced on Wednesday that it would work alongside Cannae Holdings, a financial sponsor holding company....
...The other partner in the joint venture is US fund manager RedBird Capital....
...David Trujillo, another partner at TPG, summed up the pitch to accountants and others they are trying to lure away from the partnership model....
...Data from S3 Partners shows TMTG is the third-most expensive US stock to borrow for short sales among companies with more than $25mn of short interest, behind cannabis group Canopy Growth and electric-car...
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...Among them is a proposal to “right-size” legacy divisions, such as Disney’s studio business and its linear TV networks, by spinning them out and finding strategic partners....
...Operating costs can be cut, to the tune of $75mn — equivalent to about half of Spirent’s 2023 ebitda. And this is the right time to swoop. Spirent’s stock has been in freefall....
Rishi Sunak under growing pressure to veto newspaper group’s purchase by Abu Dhabi-backed RedBird IMI
...Distributable operating profit for the year to May 31 rose 6 per cent to £756mn, on revenue up 14 per cent to £5.6bn, Deloitte added....
...A surprise omission from the shortlist was Marissa Thomas, the firm’s chief operating officer who previously served as both head of tax and deals....
...Partners at the firm took home an average of £1.06mn during the period, which was the highest average partner pay among the Big Four last year....
...The commission said it was looking at whether Apple was meeting its obligations to allow users “to easily uninstall any software applications” on its iOS operating systems and change default settings, browsers...
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