Wynn faces another suit for the cash donation to University. The Board of Directors of Wynn Resorts Ltd and its owner, billionaire hotelier Steve Wynn is now facing another shareholder lawsuit alleging that US$135 million donation to the University of Macau had wasted company assets and was in breach of its fiduciary duties.
People
Disney Retains Chairman-CEO Position
Iger to continue as Disney's Chairman-CEO. In an unprecedented move, the investors of Walt Disney Co have rejected calls by proxy advisors to split the top jobs currently held by Chairman and CEP Robert Iger.
Goldman Sachs Names Co-heads for its Brazilian Investment Banking
The New York-based company has appointed two veterans to develop and boost its developing client franchise in Brazil.
Lansdowne CEO to Retire in June
Lansdowne CEO Paul Ruddock to retire in June. One of the world's best known hedge fund managers, Lansdowne Partners has announced that its current CEO, Paul Ruddock will be retiring come June in order to focus on his charity work and arts interests.
Trafigura to Buy Zinc from Nyrstar
Trafigura has shown interest in purchasing zinc from global leading zinc provider Nyrstar Commodities trader Trafigura revealed it has interest in bidding to purchase zinc from world's leading producer Nyrstar that could worth about $700 million per year.
Latest News
Blackstone, Apollo and KKR lead payouts to chief executives after banner 2012 year. Co-founder and CEO of the Blackstone Group Steven Shwarzman, according to filed papers by the equity firm, received pay and cash dividends amounting to US$213.
Esa Ikaheimonen has been appointed as the new chief financial officer of Transocean Ltd., the largest offshore rig contractor in the world.
Blackstone Group says its co-founder and chief executive officer Stephen Schwarzman obtained 2013.3 million in pay and cash dividends in 2013.
Groupon CEO Andrew Mason termination causes rebound in stock prices for the company. In last Friday's trading, Groupon shares climbed 12. 6% or US$0.
Macy's sues JC Penney and Martha Stewart for deal. JC Penney CEO Ron Johnson knew that if he signed the deal with Martha Stewart, he would be putting the company in jeopardy by creating a conflict with Macy's, its corporate rival.
Best Buy closes door on takeover bid of its founder. The latest offer from its minority ownership was considered 'poor' by Best Buy Co. , prompting it to reject the bid by Richard Shulze's private equity sponsors.
New Thales CEO projecting future of company. Newly appointed Thales SA Chairman and Chief Executive Officer Jean-Bernard Levy has been on the job for the last two and a half months.
Nomura is now in search for new candidates to fill in vacant slots after several executives left the company as a result of cost control.
Goldman Sachs hires Amy Overton, former VP for Citigroup. Lobbyist Amy Overton, formerly of Citigroup Inc, has taken a job with its nearest rival, Goldman Sachs Group Inc.
