1. Articles from Alex Morrell

    1-6 of 6
    1. The CEO of a $600 Million Startup Blasted Silicon Valley's Culture of Delaying IPOs, likening it to a College Victory Lap Paid for by VCs

      The CEO of a $600 Million Startup Blasted Silicon Valley's Culture of Delaying IPOs, likening it to a College Victory Lap Paid for by VCs
      • Better.com CEO Vishal Garg told Business Insider he'd like his rapidly growing mortgage-tech company, which just closed its Series C, to tap the public markets in two to three years.
      • He criticized the trend among startups of delaying an IPO in favor of basking in the private markets, likening it to a college victory lap that stunts maturation.
      • "It'd be kind of like staying in college six years rather than four years. It's a lot more fun. Nobody's watching...
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      Mentions: IPO Pinterest Airbnb
    2. Tensions are Flaring Between Barclays and a Corporate Raider, Who's Agitating to Grab More Control of the British Bank

      Tensions are Flaring Between Barclays and a Corporate Raider, Who's Agitating to Grab More Control of the British Bank
      • Corporate raider Edward Bramson is agitating for more control of Barclays and is maneuvering to change the composition of the company's board of directors.
      • The latest gambit by Bramson comes after Barclays rebuffed his effort to become a non-executive director.
      • Bramson's hedge fund Sherborne Investors holds a more than 5% in Barclays and has been lobbying for cuts to its investment bank...
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    3. Blackstone Boss Steve Schwarzman Earned a Mammoth $785 Million in 2017

      Blackstone Boss Steve Schwarzman Earned a Mammoth $785 Million in 2017
      • Blackstone founder and CEO Steve Schwarzman earned $787 million in 2017.
      • Most of that is dividends from the shares he owns in the firm.

      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)...

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    4. 48-year-old Billionaire Jonathan Gray is Replacing Tony James as Blackstone’s COO

      48-year-old Billionaire Jonathan Gray is Replacing Tony James as Blackstone’s COO
      • Private-equity giant Blackstone Group has promoted Jonathan Gray to replace Tony James as COO.
      • Gray, 48, has run the firm's global real estate group since 2005.
      • Gray joined the firm out of college in 1992 and has built a billion-dollar fortune in his time there.

      Alternative-asset management giant Blackstone Group has tapped 48-year-old billionaire Jonathan Gray as its next chief operating officer, the company announced Tuesday...

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      Mentions: Blackstone
    5. Breaking News: It Looks like Nelson Peltz Might Have Won the Biggest Proxy Battle in History After a Recount

      Breaking News:  It Looks like Nelson Peltz Might Have Won the Biggest Proxy Battle in History After a Recount
      • Nelson Peltz appears to have won his proxy battle for a seat on Procter & Gamble's board.
      • In October, Peltz was initially reported to have lost the proxy vote by a slim margin.
      • Now, a recount shows Peltz actually won by 43,000 votes — a 0.002% margin.

      A little over a month ago, it looked like Nelson Peltz had been foiled in the biggest proxy battle in history...

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    6. 'The Federal Reserve has Done Nothing': Elizabeth Warren Urges the Fed to Clean House at Wells Fargo

      'The Federal Reserve has Done Nothing': Elizabeth Warren Urges the Fed to Clean House at Wells Fargo

      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 ...

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    1-6 of 6
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    'The Federal Reserve has Done Nothing': Elizabeth Warren Urges the Fed to Clean House at Wells Fargo Breaking News:  It Looks like Nelson Peltz Might Have Won the Biggest Proxy Battle in History After a Recount 48-year-old Billionaire Jonathan Gray is Replacing Tony James as Blackstone’s COO Blackstone Boss Steve Schwarzman Earned a Mammoth $785 Million in 2017 Tensions are Flaring Between Barclays and a Corporate Raider, Who's Agitating to Grab More Control of the British Bank The CEO of a $600 Million Startup Blasted Silicon Valley's Culture of Delaying IPOs, likening it to a College Victory Lap Paid for by VCs DXP Enterprises Elects Joseph R. Mannes to Board of Directors; Cletus Davis to Retire From Board in June Laredo Petroleum Announces Appointment of William Albrecht to Board of Directors Evoqua Water Technologies Appoints Lisa Glatch to Its Board of Directors Mr. Cooper Group Announces Election of Shveta Mujumdar to Board of Directors Samsung Picks Outside Director as New Board Chair Glatfelter Elects Marie T. Gallagher to Board of Directors