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☆ Michael Dell Asks $35 Million for Penthouse Atop Boston’s Tallest Condo Tower
▼ + stars: | 2023-07-13 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ The history of Apple in photos, from the early Steve Jobs era and iPhone launch to crossing the $3 trillion milestone under Tim Cook
▼ + stars: | 2023-06-30 | by ( Matt Weinberger | Avery Hartmans | Sindhu Sundar | ) www.businessinsider.com time to read: +1 min

But the iPhone-maker almost didn't make it this far — it struggled in the '90s until Steve Jobs returned as the company's CEO. Apple has weathered hits and flops over the years, from the launch of the influential Apple II to the misguided Newton MessagePad. Apple surpassed a $3 trillion market cap on Friday morning — a milestone it previously hit once last year but didn't sustain. Michael Dell himself once quipped that if he were in Jobs' shoes, he'd shut Apple down and return the money to the shareholders. Here's a look into the history of Apple in photos, from its inception, through its hard times, to the triumphant return of Jobs.

Persons: Steve Jobs, Newton, Michael Dell Organizations: Apple, Morning, Microsoft

☆ Ex-Goldman partner Adam Dell reportedly paid multimillion-dollar settlement after sending a sexually explicit video to a coworker
▼ + stars: | 2023-06-16 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Ex-Goldman Sachs partner Adam Dell shared a sexually explicit video by mistake, Bloomberg reported. Dell paid a multimillion-dollar settlement to the coworker who saw the video, Bloomberg reported. Goldman Sachs CEO David Solomon was among top execs who looked into the complaint, Bloomberg said. She ultimately settled for less, but Adam Dell, 53, still paid a "multimillion-dollar" settlement, Bloomberg said, citing people familiar with the matter. Adam Dell, who founded the investing platform Domain Money, did not respond to Insider's emailed requests for comment on Thursday.

Persons: Goldman Sachs, Adam Dell, Dell, David Solomon, Bloomberg, Michael Dell's, isn't, hadn't, Tony Fratto, Goldman, Insider's, Padma Lakshmi, Kathy Ruemmler —, Barack Obama — Organizations: Bloomberg, Morning, Dell Technologies, Goldman, Impact Venture Partners, Bravo, New York federal, White Locations: New York

David Solomon has been Goldman Sachs' CEO for over four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. Solomon said there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." Meanwhile, Solomon's expensive foray into consumer banking raised the ire of some longtime Goldman partners, as Insider has previously reported. The fresh faces among the Goldman Sachs executives who took the stage at the bank's investor day highlight the leadership changes under Solomon.

☆ Meet Kim Posnett, the powerful Goldman Sachs dealmaker who was just named head of the investment bank's TMT unit
▼ + stars: | 2023-05-03 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

Kim Posnett was just named head of Goldman's all-important TMT investment banking group. Posnett, 43, has long been one of the most senior figures at Goldman's investment bank. Posnett was previously the head of Goldman's investment-banking services unit, which acts as a salesforce for the global IB division. The former co-head of Goldman's TMT franchise will become co-chairman of the unit. The former would result in the IB services group, which functions, in effect, as a sales force.

☆ Fanatics moves one step closer to IPO, hiring Meta's head of investor relations
▼ + stars: | 2023-04-27 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

While an IPO is not on the immediate horizon, the company is taking a step in the direction of preparing for one, hiring Meta's investor relations head to further build out its engagement with current and future shareholders. Deborah Crawford, who has served as Meta 's vice president of investor relations for more than eight years, is being appointed as Fanatics' head of investor relations, a new position at the company. Prior to Meta, Crawford was head of investor relations for Netflix, where she helped initiate the streaming company's first formal investor relations function, according to Fanatics. Schiffman declined to comment on the potential timing of a Fanatics IPO but confirmed the company has a goal of going public. Fanatics has seen its valuation and investor roster drastically expand in recent years, which has also helped to fuel IPO chatter.

☆ Fifty-three million tons of electronics become junk every year. Here's how one company is tackling the problem.
▼ + stars: | 2023-04-26 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com time to read: +6 min

Dell is stepping up to tackle this problem, committing to a circular business model. By 2030, Dell will ensure that 100% of its packaging will be either reused or made from recycled or renewable material. Additionally, more than half of its product content will also be made from recycled, renewable, or reduced carbon emissions material. Already, there are almost 400 million pounds of sustainable materials in Dell's products and packaging and 55% of its electricity comes from renewable sources. "Our emphasis on environmental, social, and governance measures ensures that while we accomplished our business goals, we also delivered positive results for all of our stakeholders," he said.

☆ The next big thing in Big Tech career path is an AI-based 'bilingual' job skillset
▼ + stars: | 2023-04-02 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

Microsoft unveiled new versions of its Bing internet-search engine and Edge browser powered by the newest technology from ChatGPT maker OpenAI. But the biggest one of all may be next, he says, through the combination of artificial intelligence and branches of science involved in medicine. But the opportunity won't translate into achievement without a new form of collaboration between the classic big tech talent and the medical field. One of her portfolio companies, Insitro, was founded by Stanford AI researcher Daphne Koller (Koller co-founder edtech company Coursera). "There is lots of exciting big talent opportunities coming from big tech and big cap pharma," she said.

☆ Since David Solomon became Goldman Sachs CEO, more than 80 partners have left. See the running list here.
▼ + stars: | 2023-03-03 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

David Solomon has been Goldman Sachs' CEO for more than four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.

☆ Analysis: Goldman Sachs CEO, after missteps, to take center stage at investor day
▼ + stars: | 2023-02-24 | by ( Saeed Azhar | ) www.reuters.com time to read: +6 min

"It's a pretty important investor day," said Mike Cronin, investor director at fund manager abrdn, which owns a stake in the bank. In 2020, Solomon kicked off Goldman's inaugural investor day by telling participants they should feel free to "break into open applause." A deal could broaden Goldman's revenue beyond trading and investment banking, which can be buffeted by economic cycles. The investor day is also an opportunity for the company to address questions around Solomon's leadership after bad press, Mayo said. But several presenters from the 2020 investor day have since left.

☆ From a horseback-riding model to a secret daughter: Meet the children of Apple cofounder Steve Jobs
▼ + stars: | 2023-02-24 | by ( Grace Kay | Aaron Mok | ) www.businessinsider.com time to read: +12 min

Steve Jobs left the bulk of his fortune to his wife, Laurene Powell Jobs, when he died in 2011. Later, he had Reed Jobs, Erin Jobs, and Eve Jobs with his wife, Laurene Powell Jobs. Meet Jobs' four children and his widow Laurene Powell Jobs, and see how his legacy helped his loved ones succeed. Erin Siena JobsErin Siena Jobs is the most private of Steve Jobs' children. Vianney Le Caer/Invision/APTwenty-four-year-old Eve Jobs, the youngest of Steve Jobs' children, is a model and an accomplished equestrian.

☆ I manage a Davos hotel where Bill Gates and other leaders stay for the World Economic Forum. We barely sleep and live off Red Bull, but we love it.
▼ + stars: | 2023-01-16 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +9 min

Hans-Rudolf Ruetti manages the Grandhotel Belvédère, where the most important WEF participants stay. For more than 50 years, what's now known as the World Economic Forum (WEF) has taken place in Davos, and every year, the Grandhotel Belvédère has hosted WEF guests. There are several events being put on by important guests, and this is always a challenging task when it comes to safety and security. We also built an additional three kitchens from where we can deliver food exclusively for hotel guests and events hosted here by the forum participants. There really isn't anything we at the hotel don't like about the WEF.

☆ Amazon employees think the company is lowering the bar with a streamlined interview process
▼ + stars: | 2023-01-12 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

This is Matt Weinberger, deputy editor of Insider's tech analysis team, filling in once again for your regular captain Diamond Naga Siu. Stop me if you've heard this one: Amazon walks into a bar... But seriously folks, my colleague Eugene Kim reports on a big, meaningful change in the online retail giant's hiring process. Some employees think so, Insider's Eugene Kim reports. He says that "current and former bar raisers I talked to were not too happy about this decision and were concerned about its potential to drag down Amazon's hiring bar."

☆ Layoffs are hitting Wall Street. Here's what you can do to land on your feet if you lost your gig.
▼ + stars: | 2023-01-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

But first, dark days on Wall Street. Two of the most high-profile firms on Wall Street — Goldman Sachs and BlackRock — made job cuts that impacted thousands of workers. All of that is to say, after a good run of things on Wall Street, the tide is starting to turn. I called a Wall Street recruiter to pick their brain on advice they'd give to those who just lost their jobs. Wall Street did not have a good showing on a list of the best places to work.

☆ Michael Dell's nepo babies: How the family of the billionaire computer mogul is making moves in the tech industry
▼ + stars: | 2023-01-11 | by ( Britney Nguyen | Samantha Delouya | ) www.businessinsider.com time to read: +1 min

Michael DellMichael Dell is the CEO of Dell. DellMichael Dell is one of the most notable tech entrepreneurs from the Lone Star State. Forbes estimates that Michael Dell has a net worth of more than $50 billion, making him among the 25 richest people on the planet. None of Dell's family members, nor Dell's investment firm, MSD Capital, immediately responded to Insider's request for comment. Meet Dell's four children and his brother, Adam Dell, and see how their connections gave them a leg up.

☆ Flexport Names Former Amazon Executive as President
▼ + stars: | 2023-01-05 | by ( Paul Berger | ) www.wsj.com time to read: +2 min

com Inc. executive, is joining Flexport Inc. as the digital-focused freight forwarder boosts its growth ambitions under the leadership of former Amazon consumer chief executive Dave Clark. The San Francisco-based company named Ms. Carlson president and chief commercial officer, overseeing sales, marketing and communications, Flexport said Thursday. Ms. Carlson specializes in cloud computing. Mr. Clark in September took on the role of Flexport co-CEO alongside the company’s founder and CEO Ryan Petersen. Mr. Clark has hired former Amazon employees including public-relations executive Kelly Cheeseman, logistics executive Parisa Sadrzadeh and human-resources executive Darcie Henry.

☆ Inside the lives of some of the most powerful people on Wall Street
▼ + stars: | 2022-12-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

We're highlighting profiles we've done of some of the most powerful people on Wall Street. They are, as you will see, largely white males — a telling reminder of who still wields the power throughout most of Wall Street. Gregg Lemkau was considered a future CEO candidate at Goldman Sachs before he shocked Wall Street by leaving for Michael Dell's investment firm in 2020. Soft-spoken types can sometimes get bulldozed on Wall Street, where so-called alphas often reign supreme. Inside his strategy for turning Goldman into the Amazon of Wall Street.

☆ Tech Spending Pressures Fuel Demand for Specialized Industry Clouds
▼ + stars: | 2022-12-20 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. PREVIEWMost industry clouds began to hit the market early last year, in part sparked by demand for better healthcare data systems during the Covid-19 outbreak in 2020. Though Oracle doesn’t break out revenue from industry cloud sales, its industry cloud offerings are a “multibillion-dollar business,” Mr. Sicilia said. Microsoft last year rolled out industry clouds for retail, financial services, manufacturing, sustainability and nonprofit businesses, according to Kees Hertogh, Microsoft’s general manager for global industry product marketing. A Microsoft-developed industry cloud helped Tarrytown, N.Y.-based MVP Health Care implement a system to streamline its healthcare data, according to CIO Michael Della Villa.

☆ Fanatics valuation hits $31 billion after $700 million investment round
▼ + stars: | 2022-12-06 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Michael Rubin's sports platform company Fanatics has raised $700 million in fresh capital, pushing its value to $31 billion, according to people familiar with the matter. In March, the company raised $1.5 billion led by Fidelity and Blackrock and Michael Dell's MSD Partners. This summer, Fanatics ventured deeper into collegiate sports, signing a long-term deal with Nike to manufacture college sports fan apparel. Rubin now has his eyes on the sports gaming market. Revenue for Fanatics, including its Lids segment, will be approximately $8 billion in 2023, according to company estimates.

☆ Out with the new and in with the old: Why companies from Starbucks to Disney are bringing back their old CEOs to run the companies again
▼ + stars: | 2022-11-23 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

There are perhaps hundreds of qualified candidates for the job of Disney's CEO. After all, returning CEOs have mixed track records. Iger was Disney's CEO for 15 years — presumably, he won't need much onboarding. In the best-case scenario, the returning CEO has learned more in the time since leaving the post. Indeed, there's always the risk that a returning CEO leans too heavily on their former experience.

Nov 16 (Reuters) - Dell Technologies Inc (DELL.N) on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. The disputed December 2018 transaction involved a stock swap related to Dell's interest in software maker VMware. Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for outstanding Class V shares, which tracked VMware's publicly traded stock. Holders of the Class V shares sought $10.7 billion in damages, saying their stock was worth far more than Dell paid for it, while the Class C stock was worth far less than Michael Dell and Silver Lake claimed. Michael Dell was worth $52 billion on Tuesday, according to Forbes magazine.

☆ Inside ex-Goldman Sachs banker Gregg Lemkau's big bet on himself
▼ + stars: | 2022-10-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Gregg Lemkau (center) led MSD Partners, the investment firm financed by Michael Dell (right) to a merger with merchant bank BDT & Company, founded by Byron Trott (left). Gregg Lemkau seemingly had it all, which is why many were surprised at his decision to end his 28-year tenure at Goldman Sachs to run MSD Partners, Michael Dell's investment firm, in late 2020. Nearly two years later, Lemkau has silenced any doubters by orchestrating a merger between MSD and merchant bank BDT & Company. Lemkau will serve as co-CEO with BDT founder and CEO Byron Trott of the new firm, which will target rich families and founders. Click here to read more about Gregg Lemkau's ascension at Goldman Sachs and his decision to leave.

☆ How Gregg Lemkau went from Goldman CEO contender to building a hybrid investment bank catering to billionaires
▼ + stars: | 2022-10-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Gregg Lemkau was in the running for CEO before he left Goldman Sachs in 2020. Now he runs Michael Dell's investment firm, which is merging with billionaire advisory BDT. When Gregg Lemkau left Goldman Sachs in late 2020 to run Michael Dell's investment firm, many within and outside the bank were surprised. Cardinale, who had left Goldman a decade ago to start his own investment firm, knew it had to be a massive opportunity to pull away Lemkau. Oldest sibling Kristin runs JPMorgan's US wealth management business and Lemkau's younger brother Chip is a managing director at Goldman Sachs in private wealth management.

☆ Blackstone is betting big on lending out money in the private markets, and the PE giant has $182 billion to do it
▼ + stars: | 2022-10-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Blackstone has some money to lendBlackstone, the world's largest private-equity firm and a big fan of warehouses, reported earnings on Thursday. By comparison, back in the good ole days (see: Q3 2021), Blackstone reported a profit of $1.4 billion. Blackstone reported its private credit unit was up 3% in the third quarter and 9.3% over the past 12 months. To read more about Blackstone's push into private credit, click here. A Fed president spoke somewhere that a Fed president shouldn't really be speaking, The New York Times reported.

☆ Meet Byron Trott, the billionaire businessman behind Michael Dell's new investment and advisory firm
▼ + stars: | 2022-10-20 | by ( Graham Rapier | ) www.businessinsider.com time to read: +2 min

Michael Dell's family office is merging with merchant bank BDT to form a new investment and advisory firm. Back in 2008, when he was still working at Goldman Sachs, Trott was publicly praised by Warren Buffett, whose distaste for M&A bankers — and Goldman Sachs — is notorious on Wall Street. "Byron is the rare investment banker who puts himself in his client's shoes," Buffett said in a letter to investors. The combination, the companies said on Thursday, "will create the preeminent advisory and investment firm serving the distinct needs of family- and founder-led business owners and strategic, long-term investors." Here's how Trott, a Midwest native, went from a small-town football player to an investment banker advising billionaires:

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