DIRS.INFO The most relevant business & tech news

☆ Berkshire Hathaway vice chairman Charlie Munger dies at 99
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +12 min

Nov 28 (Reuters) - Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway (BRKa.N), died on Tuesday morning at a California hospital. For stock-pickers like us to lose Charlie Munger, would be like if you’re a basketball fan and you lose Bill Russell. "I wouldn't think Berkshire will look much different, apart from Buffett no longer being able to share ideas with Munger. CATHERINE SEIFERT, VICE-PRESIDENT, CFRA RESEARCH, NEW YORK“Berkshire Hathaway shareholders are not going to be directly or negatively impacted from the passing of Charlie Munger. Therewass already a transition plan in place and there's a transition plan in place when Warren Buffett passes away.

Persons: Charlie Munger, Warren Buffett, Charlie, WHITNEY TILSON, BRIAN MOYNIHAN, Charlie Mungerwass, ” BURNS MCKINNEY, Bill Russell, ”, Berkshire Hathaway, ” PHIL ORLANDO, FEDERATED HERMES, BILL, Buffett, Munger, PHILLIP, —, STEVE SOSNICK, “, ” WIN MURRAY, DIAMOND, MARY JO, BILL SMEAD, Warren, ” “ Buffett, Todd Combs, Ted Weschler, ” PAUL LOUNTZIS, Greg Abel, I've, you'll, STEPHEN DODSON, hewass, ” PAUL NOLTE, FOR MURPHY, Warren Buffet, they've, QUINCY KROSBY, RICK MECKLER, CHERRY, NEW VERNON, Hewass, obviouslywass, DOUG KASS, ” THOMAS RUSSO, GARDNER RUSSO, QUINN, CATHERINE SEIFERT, he's, ” ANTHONY SAGLIMBENE, THOMAS HAYES Organizations: Berkshire Hathaway, COOK, APPLE, WHO, KASE, OF, FEDERATED, Berkshire, ” WIN, THE BRETTON, SAN, SYLVEST, NEW, Buffett, GREAT, Global Finance, Markets, Thomson Locations: California, Munger, Berkshire, American, DALLAS , TEXAS, GLENVIEW, CALIFORNIA, CONNECTICUT, DIAMOND HILL, COLUMBUS , OHIO, PHOENIX, ” “ Berkshire, , PENNSYLVANIA, ELMHURST, IL, CHARLOTTE, NC, CHERRY LANE, NEW JERSEY, LANCASTER , PENNSYLVANIA, Munger . Berkshire, TROY , MICHIGAN, GREAT HILL

☆ William Casey, Who Uncovered Police Corruption, Dies at 78
▼ + stars: | 2023-11-24 | by ( Sam Roberts | More About Sam Roberts | ) www.nytimes.com time to read: +1 min

William M. Casey, a former New York City deputy police chief who was the unheralded hero of the “Dirty 30” corruption investigation that ensnared one-sixth of the officers assigned to a West Harlem precinct, died on Nov. 9 at his home in Pleasantville, N.Y. The cause was complications of a stroke and Parkinson’s disease, his daughter, Kimberly Wildey, said. The scandal — often described as the largest police corruption case involving a single precinct in the department’s history — was uncovered by a commission on police corruption appointed by Mayor David N. Dinkins in 1992 and headed by Justice Milton Mollen of the New York State Supreme Court. The case was prosecuted by the U.S. attorney’s office for the Southern District of New York under Mary Jo White. The operation resulted in charges against 34 officers, 30 of whom were either convicted or pleaded guilty to crimes ranging from perjury and civil rights violations to stealing drugs or cash from narcotics dealers.

Persons: William M, Casey, Kimberly Wildey, —, David N, Dinkins, Milton Mollen, Mary Jo White Organizations: New York, Court, U.S, Southern, of, West 151st Locations: New York City, West Harlem, Pleasantville, N.Y, of New York, Amsterdam Avenue

☆ US SEC poised to adopt rules for $20 tln private fund industry
▼ + stars: | 2023-08-17 | by ( Douglas Gillison | ) www.reuters.com time to read: +3 min

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsAug 17 (Reuters) - Wall Street's top regulator is set next week to adopt new transparency rules for the $20-trillion private investment fund industry, according to an official notice, acting on a proposal that has drawn sharp industry objections. In early 2022, the SEC proposed a set of changes for private fund advisers that would, among other things, require them to produce quarterly statements on performance and fees and submit to annual audits. Under current rules, some broker-dealers who perform proprietary trades on exchanges of which they aren't members need not join FINRA. The proposal would now require FINRA membership for such broker-dealers unless they are members of national securities exchanges and carry no customer accounts.

Persons: Andrew Kelly, Mary Jo White, Douglas Gillison, Andy Sullivan, Alistair Bell Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Financial Industry Regulatory Authority, Democratic, Industry, Securities Industry, Financial Markets Association, Thomson Locations: Washington ,

Daniel Snyder was fined $60 million, by far the largest penalty ever levied against an N.F.L. team owner, after he was found to have sexually harassed a woman who was both a former cheerleader and a marketing employee for the Washington Commanders. According to the report, her account was supported by evidence and contemporaneous witnesses. The findings were reported by Mary Jo White, a former federal prosecutor and chairwoman of the Securities and Exchange Commission, who spent 17 months looking into allegations of widespread sexual harassment against executives at the team, including Snyder, as well as claims of financial improprieties. released White’s report immediately after the 31 other clubs unanimously approved the sale of the Commanders to an investment group led by Josh Harris for $6.05 billion, a record for an American pro sports team.

Persons: Daniel Snyder, Tiffani Johnston, Snyder, Mary Jo White, Josh Harris Organizations: Washington, Securities and Exchange Commission

☆ Former Commanders owner Snyder fined $60 million
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +3 min

July 20 (Reuters) - The National Football League has fined former Washington Commanders owner Dan Snyder $60 million after an investigation into allegations of misconduct and financial improprieties, the league said on Thursday after approving his sale of the team. Goodell later expanded White's review to include alleged financial misconduct at the club, after those allegations were first raised before a Congressional committee. Johnston, a former cheerleader and marketing manager for the Commanders, told members of a House Oversight Committee that Snyder made sexual advances on her. The investigators also concluded that the Commanders withheld about $11 million in revenue, and possibly more, that should have been shared with other NFL teams. The report said it was unable to determine the total amount of improperly shielded revenues as Snyder failed to fully cooperate with the investigation.

Persons: Dan Snyder, Roger Goodell, Mary Jo White, Snyder, Tiffani Johnston, Goodell, Johnston, Johnston's, Ms, White, Frank Pingue, Pritha Sarkar Organizations: National Football League, Washington, NFL, U.S . Securities, Exchange, Congress, Philadelphia 76ers, New Jersey Devils, Thomson Locations: Toronto, Lincoln

☆ NFL approves sale of Washington Commanders and evies $60 million fine on ex-owner
▼ + stars: | 2023-07-20 | by ( David Close | ) edition.cnn.com time to read: +3 min

CNN —The Washington Commanders will have a new ownership group as the team’s previous owner faces a $60 million fine from the league following an independent investigation finding workplace misconduct and financial improprieties. The Commanders’ new ownership group includes Basketball Hall of Famer Magic Johnson and billionaire Mitch Rales, Harris’ longtime sports business partner. NFL commissioner Roger Goodell congratulated Harris and his partners after the unanimous vote. Johnston told a congressional committee that the Commanders owner had put his hand on her leg under the table at a work dinner and tried to persuade her to get into his limousine. “The conduct substantiated in Ms. White’s findings has no place in the NFL,” a statement from NFL commissioner Roger Goodell stated.

Persons: Josh Harris, Harris, Basketball Hall of Famer Magic Johnson, Mitch Rales, Harris ’, Roger Goodell, “ Josh, Josh, ” Goodell, Daniel Snyder, Snyder, Tanya, Dan Snyder, Mary Jo White, White, Tiffani Johnston, Johnston, ”, “, Ms, ” Snyder, —, “ Mr, Goodell Organizations: CNN, Washington, NFL, Apollo Global Management, Philadelphia 76ers, New Jersey Devils, Basketball Hall of Famer, Street Journal, former Securities and Exchange Commission, SEC, ” Locations: Washington, Minnesota

☆ Robert Kraft says Jeff Bezos would be a 'great owner' of Washington Commanders as Dan Snyder reportedly awaits higher bids
▼ + stars: | 2023-02-11 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

New England Patriots owner Robert Kraft told Fox Business that Jeff Bezos would be a "great owner." Bezos repeatedly has been mentioned as a possible buyer of the Washington Commanders. However, Commanders owner Dan Snyder reportedly is waiting for bids to cross the $7 billion mark. Also complicating a potential Bezos bid are reports that Snyder is opposed to selling the team to the man who owns the Washington Post. People close to Bezos have denied New York Post reports claiming that he could potentially sell the Washington Post in order to buy the Commanders.

☆ Washington Commanders accused of cheating ticket holders in DC attorney general lawsuit
▼ + stars: | 2022-11-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

It is the second lawsuit brought forth by D.C. Attorney General Karl Racine in the past week. In Thursday's filing, Racine alleged that since 1996, the Commanders sold premium seating tickets to D.C. fans, some of which required a security deposit. "In 2014, as part of a comprehensive review, Team management was instructed to send notices to over 1,400 customers with deposits and return all security deposits requested." Although the Commanders had returned some of the money to ticket holders, they still held nearly $200,000 in unreturned security deposits as of March 2022, he added. The lawsuit also alleges the Commanders forfeited thousands of dollars from D.C. residents' security deposits and converted the funds into revenue for the team.

The attorney general of Washington, D.C., on Thursday sued the Commanders and owner Dan Snyder, as well as the NFL and Commissioner Roger Goodell, for allegedly deceiving D.C. residents about the team's alleged toxic culture for its own financial gain. "The Commanders and the NFL secretly entered into an agreement about the investigation that the public didn't know about," Racine said, pointing to evidence gathered by his office. The attorney general is also seeking a court order that would release the findings from the 10-month investigation into the Commanders' workplace culture. Shortly after the House Oversight Committee sent a letter to the Federal Trade Commission, the Virginia attorney general and Racine opened up investigations into the team, too. Amazon founder and multibillionaire Jeff Bezos and rapper and music industry giant Jay-Z are reportedly interested in bidding on the team.

☆ Daniel Snyder: Washington Commanders owner denies allegations he hired private investigators to follow other NFL owners
▼ + stars: | 2022-10-20 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

CNN —Washington Commanders owner Daniel Snyder has denied allegations that he hired private investigators to look into his NFL counterparts, as well as league commissioner Roger Goodell. I have never hired any private investigator to look into any owner or the Commissioner. I have never instructed or authorized my lawyers to hire any private investigator on my behalf for any such purpose. The NFL, however, declined to publicly release its findings, sparking a House Oversight Committee review in October. The NFL hired former Securities and Exchange Commission (SEC) Chairwoman Mary Jo White earlier this year to investigate workplace misconduct against Snyder.

Search resuls for: "Mary Jo White"

10 mentions found