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Byron Wien had joined Blackstone’s quarterly partners meeting last week. Photo: Christopher Goodney/Bloomberg NewsByron Wien, the longtime Blackstone executive known for his market prognostications and intense networking, died at 90 on Wednesday. Wien, who developed a wide following with his annual “Ten Surprises” list, was vice chairman of the private wealth group at Blackstone, which he joined 14 years ago. For decades, his lists detailed economic, political and financial market surprises he expected to see in the year ahead. He produced the 38th edition last January.
Persons: Byron Wien, Christopher Goodney Organizations: Bloomberg, Blackstone
In 2020, the Romero family moved into an underground bunker in the middle of the US. The Romero family transformed a nuclear bunker into their home. "We took all of our life savings — everything, basically our last penny and then some — and purchased the bunker," Romero said. The bunker was unfurnished, so the Romero family is now renovating the space into a home. The room the Romero family transformed into the primary bedroom.
Persons: Romero, , Ruben Romero, I'm, TikTok Romero, Romero family's, There's, there's, it's, he's Organizations: Service, Newsweek, AT, Center, YouTube Locations: Niagara Falls , New York, Peachtree City , Georgia
Thomas Lee started doing leveraged buyouts in the 1970s, before the term had even been coined to describe such deals. The death of Thomas H. Lee sent shock waves Friday through Wall Street, where decades ago he helped create one of its biggest businesses. Mr. Lee, who started doing leveraged buyouts in the 1970s, before the term was coined and the tools to finance the deals had been invented, died Thursday, his colleagues and family said.
Thomas H. Lee, Leveraged-Buyout Pioneer, Dies at 78
  + stars: | 2023-02-24 | by ( Ted Bunker | ) www.wsj.com   time to read: 1 min
Private-equity pioneer Thomas H. Lee died unexpectedly at 78, his colleagues and family said late Thursday. The New York Police Department said first responders to an emergency call Thursday morning found a man dead inside a Manhattan office, but didn’t identify him other than to say he was 78 years old. Police said a medical examiner would determine the cause of death and that an investigation is continuing.
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Thomas Lee, Leveraged-Buyout Pioneer, Dies at 78
  + stars: | 2023-02-23 | by ( Ted Bunker | ) www.wsj.com   time to read: 1 min
Resume SubscriptionWe are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service.
Tom Lee, Leveraged-Buyout Pioneer, Dies at 78
  + stars: | 2023-02-23 | by ( Ted Bunker | ) www.wsj.com   time to read: 1 min
Resume SubscriptionWe are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service.
Investors Question Receivership Costs in SEC Fraud Cases
  + stars: | 2022-10-12 | by ( Ted Bunker | ) www.wsj.com   time to read: 1 min
Investors with capital tied up in firms facing fraud claims have questioned the use of their money to pay the cost of court-appointed officials who oversee firm operations or direct recovery efforts, saying the practice forces them to cover government-imposed expenses, which can be substantial. In a case involving civil fraud charges brought against GPB Capital Holdings LLC by the Securities and Exchange Commission over roughly $1.7 billion invested by thousands of retirees and others, the costs of a court-appointed monitor had exceeded $8 million by June, according to GPB founder and owner David Gentile, who separately faces related criminal fraud charges. While denying the charges, he quickly stepped down as the firm’s chief executive and has opposed the SEC’s attempt to convert a court-appointed monitorship to a receivership to liquidate GPB and its funds.
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