Blackstone founder and CEO Steve Schwarzman had a monster year in 2017.
Schwarzman drew a salary of $350,000 in 2017, which is a healthy chunk of change to most people (the median household income is about $60,000)...
Alternative-asset management giant Blackstone Group has tapped 48-year-old billionaire Jonathan Gray as its next chief operating officer, the company announced Tuesday...
A little over a month ago, it looked like Nelson Peltz had been foiled in the biggest proxy battle in history...
One of the world's largest hedge funds made a huge bet that scandal-plagued Wells Fargo's worst days are behind it.
Viking Global, a $30 billion asset manager founded by Swedish billionaire Andreas Halvorsen, disclosed Monday it had bought 12.3 million shares in the troubled bank, worth around $681 million, in the second quarter.
The fund also cashed out its stake in JPMorgan Chase, selling 3.7 million shares worth $325 million, according to Bloomberg...
The day that Amazon and Whole Foods announced their $13.7 billion merger that shook the grocery industry, a giddy John Mackey, the grocer's CEO, couldn't hide his enthusiasm.
He regaled a crowd of his employees with a tale of "love at first sight," describing the moment the two companies first met on a "blind date" six weeks earlier...
When Whole Foods and Amazon announced their $13.7 billion merger Friday, John Mackey, CEO of Whole Foods, could barely contain his enthusiasm.
In a town hall with employees, he gushed about about the impending "marriage"— a metaphor he revisited repeatedly — which was announced just six weeks after a "blind date" with Amazon that he characterized as "love at first sight...
Sen. Elizabeth Warren wants the Federal Reserve to clean house at Wells Fargo, asking for the removal of the 12 members of the board of directors who served while the fake accounts scandal was ongoing.
In a letter sent to Fed Chair Janet Yellen Monday, Warren argued that the directors present from 2011 to 2015, when Wells Fargo employees opened as many as 2.1 million accounts for customers without their knowledge, need to go — and that the Fed has the authority to remove them under a Congressional statute regarding the governance of insured depository institutions like Wells Fargo.
"I ...
