Why is Blackstone paying millions in fees to an ex-dealmaker's firm? - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

In 2017, Chinh Chu, a former Blackstone senior managing director, joined his business partner Bill Foley in an unusual deal that enriched Chu's former employer and that has earned the ultrawealthy men more than $12 million in fees. Now the deal is attracting scrutiny from lawyers and experts in the field. A corporate-governance specialist described the arrangement as an apparent conflict of interest, while a UC Berkeley law professor called the fees a "kickback." A shareholder in Delaware state court went further, alleging that a company co-owned by Chu and Foley "knowingly participated in breaches of fiduciary duty.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Inside the meteoric rise of Jon Gray at private-equity giant Blackstone - Business InsiderJon Gray is the future of Blackstone. 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image. horrible Check out this, gonna be the next dogecoin
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

Inside Exxon Mobil's 'God Pod' - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

Inside the SolarWinds cyberattacks – FireEye leader explains discovery - Business InsiderInside the discovery of the massive SolarWinds cyberattacks: FireEye's top expert explains how his team found a 'needle in a haystack of needles'
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

What it's like inside a Pakistani soccer ball factory in Sialkot - Business InsiderAlmost 70% of the world's soccer balls are made in one city in Pakistan — here's what it's like inside one of the factories Bendita esa ciudad I’m still smiling! it’s been so beneficial trying someone new. The step take couldn’t be much better. So glad I came across lisaMakT
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

Inside Michelob's pandemic marketing strategy that's boosted sales - Business InsiderMichelob Ultra's sales have soared even as people ditch beer. Here's how the brand has catered to health-focused consumers in the pandemic. 90% of news about covid and trump
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

How a quest to build ethical AI detonated a battle inside Google - Business InsiderGoogle employees consider jumping ship for Facebook and Microsoft after firings, reorgs and mounting tension in its AI division Google/YouTube are crooks. They stole my 9/11 video. They disrespect 9 /11 survivors. 911TribMuseum techinsider not sure they're going to be satisfied with the state of ethical AI at FB techinsider Jumping ship? That is really funny. They must be reading the stuff I write? And it is also the reason why sundar is in charge - gummy and slopey made a huge devious mess then jumped ship.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »