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☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ Trump Media insider trading trial begins with co-founder testifying, 'I've never been paid at all'
▼ + stars: | 2024-05-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

The first witness in the insider trading case against Bruce Garelick was Andy Litinsky, a co-founder of Trump Media. Garelick has decided to take his chances with a jury after his two co-defendants, the brothers Michael Shvartsman and Gerald Shvartsman, pleaded guilty on April 3 to insider trading charges in the case. Garelick, Bach argued, "acted in good faith at all times." Shahabian repeatedly had Litinsky describe the confidentiality agreements in letters of intent that Trump Media signed with two prospective merger partners, DWAC and Bennessere Capital Acquisition Corp. Asked if he traded stock based on the confidential information, Litinsky likewise replied, "No," noting, "It would be against the rules."

Persons: Bruce Garelick, Amr Alfiky, Donald Trump, Andy Litinsky, Litinsky, Garelick, Michael Shvartsman, Gerald Shvartsman, Gerald, Attorney Elizabeth Hanft, Michael Schvartsman, Jonathan Bach, Bach, Bruce, Michael Shvartsman's, Matthew Shahabian, Wes Moss, Trump, Michael Kovac, Wireimage, Shahabian Organizations: Manhattan Federal Court, Reuters, Trump Media, Trump, Attorney, NBC, Hammerstein, DWAC, Bennessere, Corp Locations: Manhattan, New York City, U.S, Florida, DWAC, Providence , Rhode Island, Miami

☆ A complete timeline of Karlie Kloss and Taylor Swift's friendship
▼ + stars: | 2024-04-24 | by ( Claudia Willen | Callie Ahlgrim | ) www.businessinsider.com time to read: +40 min

Taylor Swift and Karlie Kloss became inseparable after meeting at the 2013 Victoria's Secret Fashion Show. AdvertisementThe friendship of Taylor Swift and Karlie Kloss dates back to 2013, when the musician and the supermodel met backstage at the Victoria's Secret Fashion Show. AdvertisementApril 2014: Kloss and Swift are spotted together in New York CityTaylor Swift and Karlie Kloss often spent time together in New York City. November 23, 2014: Swift brings Kloss as her date to the American Music AwardsTaylor Swift and Karlie Kloss at the 2014 AMAs. July 11, 2015: Kloss appears at another of Swift's concerts in New JerseyTaylor Swift's friends went to her concert in New Jersey.

Persons: Taylor Swift, Karlie Kloss, Kloss, —, Swift, didn't, Katy Perry, Scooter Braun, Karlie, Michael Kovac, Jamie McCarthy, Milk, Christina Tosi, Randy Brooke, we're BFFs, I'd, Raymond Hall, Kate Bosworth, Harry Josh, Charles James, Oscar de la, They're, Alo Ceballos, She's, Rolling, James Devaney, Ben Stiller, Quinlin, SoHo Taylor Swift, Jeff Kravitz, Dick Clark, Antonio de Moraes Barros Filho, WireImage Kloss, Lily Aldrige, Martha Hunt, taylor, it's, Taylor, Matty Healy, Marie Claire, Beyonce, Jay, Justin Timberlake, Sam Smith, Michael, r was, els, rais, hou, "I, ove, stor, ste, "(M, bro, K, Ma y, orr, "B, Perry, tim e, oe Jonas, maki, J ohn Shea, dow, deo, cele, Jo, hatta, lia, nce, e, hough, lor h, 2016:, Joh, Delilah, L orde, Conn, Loo, ned the photo,, y, as well, loss and Swift, Augu, rld, kee, mus, raun, cate, rau, hite, theo, abou, ody, ted in a, ike H, Derek Bl Organizations: Big, Service, Vogue, Twitter, Hollywood Life, Big Sur, daisies, Surrey, Costume, Metropolitan Museum of Art, Getty, Swift, Apple, New York Knicks, Garden, Chicago Bulls, Madison, American, New York City's, Yahoo, New, YouTube, the de, acc, Adv, ober, Wil, unc, ift, who's known Locations: Big Sur, Swift's New York, New York City, Big, Instagram, New York, Manhattan, brunching, SoHo, Madison, SoHo Taylor, June., ber

☆ Elon Musk vs. Sam Altman: One is clearly winning the nastiest battle in tech
▼ + stars: | 2024-03-15 | by ( Natalie Musumeci | Grace Kay | ) www.businessinsider.com time to read: +8 min

Elon Musk filed a lawsuit against OpenAI and its CEO Sam Altman, years after he left the startup. "Elon Musk is the best PR stuntsman I've ever seen," Kyle Arteaga, the CEO of the national tech PR company, The Bulleit Group, said. Earlier this month, Altman told veteran tech reporter Kara Swisher that Musk was his "absolute hero" growing up. AdvertisementDuring the interview, Swisher told Altman she thought Musk's lawsuit was "nonsense." Representatives for Musk, Altman, and OpenAI did not immediately respond to a requests for comment by Business Insider.

Persons: Elon Musk, Sam Altman, Musk, —, Elon, Altman, Muhammad Ali, Evan Nierman, Michael Kovac, OpenAI, Nierman, Sam Altman's, he's, xAI, Kyle Arteaga, Arteaga, it's, — Anthropic, He's, Tom Mueller, Alan Dunton, he'd, Musk's, you've, Dunton, JACK GUEZ, Ayelet Noff, Noff, Lex Fridman, Kara Swisher, Swisher, " Swisher Organizations: OpenAI, Service, Banyan, Yerba Buena Center, Arts, Microsoft, SpaceX, Musk, Communications, Elon, Getty, Business Locations: California, San Francisco, AFP, Altman's

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

☆ 5 reasons to be unapologetically thrilled about this year’s Oscar nominations
▼ + stars: | 2024-01-28 | by ( Dan Heching | ) edition.cnn.com time to read: +8 min

CNN —The nominations for the 96th Academy Awards were revealed last week and – as they so often do – caused quite a stir. Co-written and directed by Triet, “Anatomy of a Fall” is nominated for five Oscars this year in total, including for best original screenplay and best picture. That gives Williams more Academy Award nominations than any other living person. According to the Academy, the late Walt Disney holds the overall record of career nominations, with a grand total of 59. Still, it seemed to be a role destined for Brooks, who received a Tony Award nomination in 2016 for playing the same character in the Broadway revival of the musical.

Persons: Barbie’s, Greta Gerwig, Margot Robbie, Ryan Gosling, there’s, we’re, Justine Triet, Palme, Sarah Meyssonnier, Triet, Sandra Hüller, Barbie ”, Colman Domingo, Bayard Rustin, Rustin, David Lee, Steven Spielberg’s “, ” Domingo, “ Rustin, ”, Domingo, – Ian McKellen, Jodie Foster, Bonnie Stoll, Anthony Allen Ramos, ” Ramos, ” Cord Jefferson, Cord Jefferson, Claire Folger, Jeffrey Wright, Cord Jefferson’s, Jefferson, he’s, Trayvon Martin, Mike Brown, ’ ”, Percival Everett, Wright, Sterling K, Brown, John Williams, Ray Dolby, Michael Kovac, “ Indiana Jones, ” Williams, Oscar, Williams, Walt Disney, Danielle Brooks, Eli Ade ´, ” Brooks, Oprah Winfrey, Spielberg, Alice Walker, Brooks, “, Corey Hawkins, Harpo Organizations: CNN, Cannes Film, Reuters, “, Netflix, Orion, Jefferson, Hollywood & Highland Center, Academy of Motion Picture Arts and Sciences, Academy, Warner Bros, Entertainment Inc, Broadway, Juilliard Locations: Cannes, France, German, Steven Spielberg’s “ Lincoln, “ Nyad, Hollywood, Sofia, New York City

☆ Inside David Solomon's evolution of Goldman Sachs
▼ + stars: | 2023-11-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at a fascinating deep dive into the state of Goldman Sachs, including an interview with CEO David Solomon. The big storyLong live GoldmanJon Krause for InsiderDid Goldman Sachs need to die to survive? The prestigious Wall Street bank has drawn plenty of bad headlines over the past few years, often focused on CEO David Solomon. AdvertisementMichael Kovac/Getty ImagesMcLean's story provides a fascinating look at not just Goldman Sachs' evolution but Wall Street's. Goldman COO John Waldron told McLean it's a "big, big issue" at the bank.

Persons: —, we've, it's, Goldman Sachs, David Solomon, What's, Goldman Jon Krause, Solomon, Bethany McLean, McLean, he's, hasn't, Michael Kovac, Banks, Goldman, John Waldron, McLean it's, wouldn't Goldman, Jerome Powell, Carlos Barria, Mark Zuckerberg, Jeff Bottari, Mark, TikTok, Ian Grandjean, Chatbots, Frederick Banting, Travis Barker, King Charles III, Yuna, Condoleezza Rice, Claude Monet, Ina, Terri Peters, Ina Garten, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Business, Enron, Brookings Institution, UBS, Moody's, Facebook, Google, Meta, Apple Locations: Washington, Roman, New York City, San Diego, London, New York

☆ All the best celebrity costumes over Halloween weekend
▼ + stars: | 2023-10-30 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

Scroll down to see some of the best celebrity costumes from Halloween 2023. Rachpoot/Bauer-Griffin/GC Images/Getty ImagesJodie Turner-Smith opted for a bustier and printed dress as a devilish cowgirl. Rachpoot/Bauer-Griffin/GC Images/Getty ImagesKyle MacLachlan's pickleball match appeared to have gone dangerously wrong. Rachpoot/Bauer-Griffin/GC Images/Getty ImagesParis Hilton as Britney Spears' iconic blue flight attendant outfit from the "Toxic" music video. Rachpoot/Bauer-Griffin/GC Images/Getty Images

Persons: Barbie, Greta Gerwig’s, Lister, Megan Fox, Bill ”, Edward Norton, David Beckham, Britney Spears, Austin Butler, Andy Warhol, Kaia Gerber, Edie Sedgwick, Cindy Crawford, Sandy Olsson, Presley Gerber, Raoul Duke, Rande Gerber, Danny Zuko, Matt Winkelmeyer, Halsey, Bauer, Griffin, Jodie Turner, Smith, Shauna Robertson, Michael Kovac, Kelly, Kyle MacLachlan's pickleball, Max, Betty Boop, Michael Loccisano, Justin Bieber, Hailey Bieber, Rachpoot, Kelsea Ballerini, Gilbert Carrasquillo, Lori Harvey, Lara Croft, Paris Hilton, Hilton, Katy Perry, Demi Lovato, Brett, Jason Oppenheim, Sabrina Carpenter Organizations: CNN, Los Angeles, Paris Hilton, Netflix, Victoria, Paris Locations: ’ New York, London, Los, Las Vegas

☆ Martin Sheen and Melissa Fitzgerald: ‘We are all dancing on the edge of the abyss’
▼ + stars: | 2023-09-18 | by ( Opinion Martin Sheen | Melissa Fitzgerald | ) edition.cnn.com time to read: +7 min

Melissa Fitzgerald is an actress and director of strategic engagement for All Rise, founded as the National Association of Drug Court Professionals, a training, membership, and advocacy organization for justice system innovation and reform. These public health and public safety crises are among the paramount social challenges of our time. And of course, we need to develop an ever-growing workforce of licensed addiction treatment providers to deliver services. Treatment courts are a shining example of how the justice system can, and should, provide a public health-oriented response to addiction. This year alone, 4,000 treatment courts will refer 150,000 people to treatment and recovery support.

Persons: Martin Sheen, Melissa Fitzgerald, Melissa —, —, Andy, “, ” Melissa Fitzgerald Leah Puttkammer, Martin Sheen Michael Kovac, we’ll Organizations: Golden Globe, National Association of Drug Court, Public, CNN, AFI, US Centers for Disease Control, National Center, Substance, Welfare, Mental Health Administration, Research, Kennedy Center Locations: telehealth, Chicago, Washington , DC

☆ How Justin Roiland used his ‘Rick and Morty’ fame to pursue young fans, text messages show
▼ + stars: | 2023-09-13 | by ( Kat Tenbarge | ) www.cnbc.com time to read: +22 min

Roiland frequently followed and interacted with the starstruck "Rick and Morty" fans on social media and dating apps. "However, now that the legal case has ended, I'm determined to move forward and focus both on my creative projects and restoring my good name," Roiland wrote. Haha," Roiland wrote. Veronika Sweeney tweeted screenshots of direct messages Roiland sent her in 2014 when she was 22. "But I felt like you weren't okay," Roiland wrote in another text message.

Persons: Justin Roiland, Michael Kovac, Rick, Morty, McDonald's, Roiland, he'd, Andrew Brettler, I'm, Elon Musk —, Ruby, influencers, Janna Waters, Waters, it's, Roiland messaged, Rick Sanchez, …, Jesus Christ, Hailey Long, Long, Veronika Sweeney, Sweeney, wasn't, Uber, RICK, MORTY, Justin, Roiland texted, texted, dicks Organizations: San Diego Comic, NBC News, Squanch Games, NBC, Illinois, biiiiitch, Con, Facebook, Twitter, YouTube Locations: Los Angeles, Roiland, Orange County , California, Boston, Tinder, Roiland's, Massachusetts, San Diego, Raleigh , North Carolina, Pennsylvania

☆ The rise of Snap CEO Evan Spiegel, once one of the youngest billionaires in the world
▼ + stars: | 2023-09-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: 1 min

At the same time, Spiegel was forced to reckon with charges against the lack of diversity in Snap's workforce. Snapchat CEO Evan Spiegel Michael Kovac/Getty ImagesAt an internal meeting in July 2020, Spiegel said that the company keeps its diversity reports private because releasing data would reinforce the idea that minority groups are underrepresented in the tech industry. Later that month, though, the company released its first diversity report. The report broke down employee demographics going back all the way back to when Snap was first founded in 2011. It showed that Black and Latinx employees comprised less than 11% of the company's staff and less than a third of the company's staff identified as women.

Persons: Spiegel, Evan Spiegel Michael Kovac

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ Silicon Valley billionaires want to build a new city in rural California, but locals are skeptical of the project: 'Their secrecy has caused a lot of problems'
▼ + stars: | 2023-09-05 | by ( Janie Har | Associated Press | ) www.businessinsider.com time to read: +9 min

Silicon Valley billionaires revealed plans to build a new city after buying $800 million in land. The land was quietly purchased in Solano County, a rural area near San Francisco and Sacramento. Most of the land purchased is in the southeastern portion of the county, with parcels stretching from Fairfield to Rio Vista. Billionaires want to build a new city in rural California, but they're encountering wavering support from locals and lawmakers. Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.

Persons: Jan Sramek, Goldman Sachs, Flannery, Laurene Powell Jobs, Reid Hoffman, Marc Andreessen, Marc Andreeseen, Lauren Powell Jobs, Michael Moritz, Paul Chinn, Countess, Michael Kovac, Sramek, Mike Thompson, Terry Chea, Princess Washington, Thompson, they're, he's, John Garamendi, Hoffman, Andreessen, Ron Kott, Kott Organizations: Service, FRANCISCO, Flannery Associates, Silicon, LinkedIn, New York Times, San Francisco Chronicle, Getty, Fair, Solano, US Air Force, FBI, of Treasury, AP, San Francisco Bay Area, Travis Air Force Base, US Locations: Solano County, San Francisco, Sacramento, Wall, Silicon, Northern California, Solano, Silicon Valley, California, Fairfield, Rio Vista, U.S, United Kingdom, Ireland, walkable, Terry Chea California, California's, San Francisco Bay, Princess, Suisun City, Travis

☆ Goldman Sachs is having an identity crisis
▼ + stars: | 2023-08-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

I never thought I'd write this but … I miss the old Goldman Sachs. That was the voice of Goldman Sachs 2009 — the adamantine firm that managed to make its way through the crisis relatively unscathed. This sort of dry humor worked back then, but for today's Goldman Sachs, the joke just doesn't hit the same way. Van Praag — who was once dubbed "Goldman Sachs' Rococo PR prince" by The Observer — left the firm in 2012. It would be nice to see the old Goldman Sachs ferocity is still out there somewhere, even if it's not on Wall Street.

Persons: I'd, …, Goldman Sachs, Lucas van Praag, Goldman, van Praag, John F, David Solomon —, Solomon, boardrooms, today's Goldman Sachs, Lucas van Praag's Goldman, —, FactSet, JP Morgan, chuffs, DJ Sol, Van Praag —, Observer —, Jake Siewert, Lloyd Blankfein —, David Solomon's, Michael Kovac, Marcus —, DJ'ing, Goldman's, Lloyd Blankfein, Insider's Dakin Campbell, Kim Kardashian, Morgan Stanley, It's, Trump, Gary Cohn, mathlete who's, it's, Linette Lopez Organizations: Sunday Times of, Bloomberg, Refinitiv, Wealth Management, Observer, Treasury, Blankfein, Bank of America, Ivy League Locations: Wall, Sunday Times of London, New York City, Bahamas, Silicon

☆ Goldman Sachs' future hinges on a low-profile, high-growth business
▼ + stars: | 2023-08-05 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

Goldman gets paid through management and incentive fees, which swell as funds attract more assets. Altogether, Goldman has $2.71 trillion in assets under supervision as of June 30, which includes wealth management assets. What about wealth management? The bank has more than $1 trillion in wealth management client assets. While Solomon cautioned that Goldman's "asset management journey" would take two to three years before meaningfully helping margins, he sounded optimistic.

Persons: David Solomon, Goldman Sachs, The Beverly Hilton, Michael Kovac, Goldman, Morgan Stanley, it's, That's, Solomon, he's, He's, Salisbury, Sarsfield Organizations: Milken Institute Global, The Beverly, The Beverly Hilton Hotel, Getty, JPMorgan Locations: Beverly Hills , California, U.S

☆ India is heading for 'very high growth' but challenges remain, says Goldman Sachs CEO
▼ + stars: | 2023-06-28 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images Entertainment | Getty ImagesIndia has a "very, very high growth trajectory," but bureaucratic challenges persist, CEO of Goldman Sachs David Solomon said in an exclusive interview with the Economic Times. "A great deal has happened in the world and I think looking at India, people see opportunity. He said there will be changes to the terms of engagement going forward, "but that is different from a complete economic decoupling. In turn, it presents a very interesting opportunity for India, but it's also not without challenges."

Persons: David Solomon, Goldman Sachs, The Beverly Hilton, Michael Kovac, Goldman Sachs David Solomon, Solomon, it's Organizations: Milken Institute Global, The Beverly, The Beverly Hilton Hotel, Getty, Economic Times Locations: Beverly Hills , California, India, China, U.S

☆ Sam Altman is building his utopia, whether you want it or not
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

Altman told Insider, "We debate our approach frequently and carefully." "I don't think anyone can lose your dad young and wish he didn't have more time with him," Altman told Insider. Altman told Insider that his thinking had evolved since those posts. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ He's played chess with Peter Thiel, sparred with Elon Musk and once, supposedly, stopped a plane crash: Inside Sam Altman's world, where truth is stranger than fiction
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ What's next for Goldman following deep cuts and organization overhaul
▼ + stars: | 2023-01-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

On tap we've got stories on JPMorgan's Jamie Dimon fielding questions about the bank's acquisition strategy, another bank plans to make cuts, and fast food options that won't completely crush your diet. On Wednesday the bank conducted a majority of its cuts, reducing its global workforce by about 6.5%. A few days later, on Friday, the bank reported losses of more than $3 billion since 2020 in the unit that houses the bank's consumer lending business. Meanwhile, some of the recently axed Goldman employees have been left in the dark on what's next for them, according to reporting from Hayley and Emmalyse Brownstein. Here are some fast food options that won't completely wreck your diet.

☆ Inside the 'doomsday' layoffs at Goldman Sachs
▼ + stars: | 2023-01-15 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +5 min

Insider reporters were in attendance — here's the inside scoop …If this was forwarded to you, sign up here. Now, on to this week's top stories …David Solomon is the CEO of Goldman Sachs. Michael Kovac/Getty ImagesGoldman Sachs conducted its worst layoffs in over a decade this week. One laid-off associate called it the "doomsday," adding: "Every 10 minutes, I just kept hearing that someone was being let go." We talked to Goldman Sachs employees who were fired — here's what they told us.

☆ Inside Goldman Sachs' layoffs: 'Every 10 minutes, I just kept hearing that someone was being let go'
▼ + stars: | 2023-01-11 | by ( Carter Johnson | Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

"Every 10 minutes, I just kept hearing that someone was being let go," one employee said. Goldman, which reports fourth-quarter earnings next week, has had the added problem of having lost billions on its nascent consumer banking experiment. "We've just been hearing that today was doomsday and that we'd start hearing cuts this morning. Every 10 minutes, I just kept hearing that someone was being let go," this person said. Consumer banking associateGoldman Sachs' spokesman Tony Fratto said: "We know this is a difficult time for people leaving the firm.

☆ Banks vs. Fintechs: Why all the billions in the world can't help Wall Street crush its digital rivals
▼ + stars: | 2023-01-05 | by ( Bianca Chan | Reed Alexander | ) www.businessinsider.com time to read: +15 min

To compete, banks have written fat checks to acquire fintechs — tech, talent, and all. But on Wall Street, old habits die hard, and Goldman has struggled to make Marcus, a big fintech bet, a success. Since the beginning of the pandemic, Wall Street leaders have been at the helm of a push to get their employees back to their desks. It's more that the very things that make Wall Street, well, Wall Street are preventing it from embracing the ethos of Silicon Valley. And perhaps, for Wall Street, that's the moral of the story.

☆ Goldman Sachs' year-end bonuses are going to be brutal, and everyone's pointing fingers on who's to blame
▼ + stars: | 2022-12-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

When things were going good, Goldman Sachs' CEO David Solomon could seemingly do no wrong. Last year, thanks to a booming M&A market and a favorable trading environment, life was good at the elite Wall Street bank. Top tech executives from 10 Wall Street firms, including Goldman Sachs, Citadel, and KKR, share their predictions for the top public-cloud trends next year. Bad news: You're not the only one waiting for rates to drop to buy a home; so is Wall Street. Here's what a home-buying spree from Wall Street could mean for the entire industry.

☆ Goldman Sachs has plans for deep headcount cuts in the new year
▼ + stars: | 2022-12-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But first, the Goldman cuts go deep. Goldman's bankers and others on Wall Street still enjoy pay packages that are beyond that of most American workers. Some portion of Goldman's cuts are being made with an eye to 2023 and 2024, suggesting that the firm's leaders don't expect a return to go-go days anytime soon. Click here to read more about the cuts set to hit Goldman Sachs. Private-equity firm Advent announced plans to acquire satellite maker Maxar Technologies for $6.4 billion in a deal that included Goldman Sachs, JPMorgan, and Morgan Stanley.

☆ David Zaslav's top priority at Warner Bros. Discovery: Get the cash flowing again
▼ + stars: | 2022-12-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

Warner Bros. Warner Bros. Discovery will generate more than $3 billion in free cash flow this year, about $4 billion next year and close to $6 billion in free cash flow in 2024, according to company forecasts. Warner Bros. The one certainty is Zaslav's decision will be squarely based on how a deal affects the company's free cash flow.

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