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Search resuls for: "Joseph Bae"


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New York CNN —Former Merck CEO Ken Frazier and KKR co-CEO Joseph Bae are joining Harvard University’s top board as the Ivy League school seeks to turn the page on a tumultuous period. Harvard announced the changes on Sunday evening, saying Frazier will start Wednesday to fill the open seat on the Harvard Corporation, the powerful yet secretive board under fire its handling of the recent controversies. Frazier, who graduated Harvard Law School in 1978, served as CEO of Merck and sat on the board of ExxonMobil, is widely respected in the business community. In 2017, Frazier quit former President Donald Trump’s manufacturing council in response to Trump’s initial failure to condemn white supremacists. Bae graduated from Harvard in 1994 and today he’s one of the most powerful private equity executives in the world.
Persons: Ken Frazier, Joseph Bae, Frazier, Bae, Paul Finnegan, Claudine Gay, , Alan Garber, Penny Pritzker, ” Harvard, Pritzker, megadonor, Gay, Donald Trump’s, Catalyst, Garber Organizations: New, New York CNN, Merck, KKR, Harvard University’s, Ivy League, Harvard, Harvard Corporation, Corporation, Democratic Party, Harvard Law School, ExxonMobil Locations: New York, Asia
From pet food to liquor and lighting fixtures, global investing firm KKR is putting its money behind a suite of consumer-driven sectors in China, departing from a singular focus on technology. And our core focus has really been around the sweet spot of what we think the market opportunity is — domestic consumption," KKR's co-CEO Joseph Bae told CNBC's "Squawk Box Asia." KKR also has an active presence in different parts of China, with offices in capital Beijing, Shanghai and Hong Kong. "We've invested in companies like the largest pet food company in China, the largest lighting fixtures company in China, retail pharmacy chains in China, domestic liquor and alcohol brands in China... All consumer driven," Bae elaborated. Last month, China's State Council proposed measures to boost the consumption of household products, without going into details.
Persons: KKR's, Joseph Bae, CNBC's, We've, Bae Organizations: KKR, China's Locations: China, Beijing, Shanghai, Hong Kong
CNN —It sounds like Arnold Schwarzenegger struggled to tell his then wife Maria Shriver about his secret son with their housekeeper Mildred Baena. According to The Sun, Schwarzenegger revealed how the bombshell came out that Joseph Baena, now 25, was his son. “One day, the counselor said, ‘Today Maria wants to be very specific about something,’” Schwarzenegger reportedly says. The affair with Mildred Baena happened in 1996. “It was then just a matter of, ‘How do you keep this quiet?’”CNN has reached out to reps for Schwarzenegger and Shriver for comment.
Persons: Arnold Schwarzenegger, Maria Shriver, Mildred Baena, Schwarzenegger, Joseph Baena, Shriver, Maria, ’ ” Schwarzenegger, Joseph ’, , Joseph, , Baena, John, ” Schwarzenegger, “ Arnold ”, Organizations: CNN, Netflix Locations: California
In payments, specifically, its made progress via Apple Pay, the Apple Wallet, and the Apple Card. On Monday, Apple took another step deeper into financial services, announcing the launch of a high-yield savings account (4.15%) via its Apple Card. And now, as Goldman tries to salvage what's left of its consumer dreams, Apple continues to roll on. What's not clear, though, is what type of terms Goldman gets for serving as the back-end partner partner. Click here to read more about the top eight executives shaking up payments, including a key leader at Apple Pay.
As the markets continue to sour, and a recession looms, everyone's wondering when PE firms will begin scooping up assets. High on Bae's wishlist are "all things digital," he said, with one giant caveat: profitability. There are plenty of companies doing fascinating things in the digital space, but many have yet to reach profitability (*cough* fintechs *cough*). Goldman Sachs is going dumpster diving for crypto companies. Chaos in the crypto markets is creating investing and acquisition opportunities for the bank, according to Matthew McDermott, Goldman's head of digital assets.
KKR's co-CEO said on Tuesday that the firm is staying away from unprofitable companies. The private-equity behemoth KKR still has an appetite to invest in tech companies. KKR oversaw $496 billion as of September 30 as one of the largest managers of alternative assets such as private equity, private credit, and real-estate. While it used to be far more heavily weighted toward private equity, KKR's fundraising has increasingly shifted toward other assets like private credit, liquid credit, and real estate, Bae said. Private credit has been a particular focus for alternative money managers like KKR, Blackstone, and Carlyle amid rising rates and big banks' retreats from some lending, Insider previously reported.
"Dancing with the Stars" season 31 is now streaming on Disney Plus. How to watch 'Dancing with the Stars'You can watch "Dancing with the Stars' season 31 exclusively on Disney Plus. Disney Plus is available to stream on mobile devices, media players, and smart TVs from most major brands. "Dancing with the Stars" received a two-season pickup when it was announced for Disney Plus, so the show will return for at least one more season after season 31 concludes. The following celebrities and dancers are all vying for the Mirrorball trophy in season 31 of "Dancing with the Stars.
CNN —“Elvis Night” on “Dancing with the Stars” was all shook up and ended in a tie-breaking vote on Monday. Alexis Warr stepped in last minute to do a Viennese waltz with Baena, and they earned a 24 out of 40. Selma Blair was a crowd pleaser, performing a routine that included a cartwheel and a split. Derek Hough and Bruno Tonioli voted to keep Giudice in the competition, while Inaba voted for Cheryl Ladd and Louis Van Amstel. Season 31 of the show, hosted by Tyra Banks and Alfonso Ribeiro, now streams Mondays on Disney+ live at 8 p.m.
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