The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.
The split of Bill and Melinda Gates raises questions about the fate of their vast fortune.
Verizon offloaded its media business to Apollo Global Management in a deal valued at $5 billion as the mobile phone giant focuses on building out its 5G network.
In the wake of protests from artists and activists over his ties to the convicted sex offender Jeffrey Epstein, the investor agreed not to stand for re-election in June.
The Wall Street billionaire, who was the main client of the disgraced financier Jeffrey Epstein in recent years, decided to leave for health reasons.
The future of gun control may be at stake.
Ai Weiwei and other artists say the investor Leon Black should step down as MoMA’s chairman amid revelations that he paid $158 million to Jeffrey Epstein.
After the disclosure that Mr. Black had paid Jeffrey Epstein $158 million, some have called for his removal.
Mr. Epstein specialized in aggressively pitching ways to minimize paying taxes. And not just to Mr. Black, the private equity chief executive who was his main benefactor in his later years.
An inquiry’s finding that Leon Black, the billionaire boss of Apollo Global Management, paid the convicted sex offender $150 million touched off an attempt to remove him.
Business is about accountability.
Mr. Black, the billionaire chief executive of Apollo Global Management, said others’ continued association with Mr. Epstein had given him “misplaced comfort” in doing business with him.
Leon Black, Apollo Global Management’s co-founder and leader, has been facing questions from investors over his ties to the convicted sex offender. One has already opted to withhold new investment.
Mr. Black, the chief executive and chairman of Apollo Global Management, asked independent board members to examine his relationship with the convicted sex offender.
Leon Black, whose $9 billion fortune could buy the best counsel in the world, paid at least $50 million to Mr. Epstein for advice and services after most others had deserted him.
The territory’s attorney general wants to know more about Leon Black’s dealings with Jeffrey Epstein, who died while facing sex-trafficking charges.
Members of a congressional oversight panel want to know how YRC Worldwide won a $700 million loan from the Treasury Department.
The family-owned publisher of The Sacramento Bee and The Miami Herald announced the winner of its bankruptcy sale: Chatham Asset Management, the owner of The National Enquirer.
As the government rolls out trillions of dollars in emergency stimulus funds, a push by the industry has met with only modest success.
Whatever you think about it, public pensions are dependent on private equity investments for returns, and their portfolio companies employ millions.