Pacific Investment Management Co.’s Bill Gross said that wealthy Americans, having reaped the benefits of favorable tax treatment, should be willing to pay a greater share to bolster the prospects of the working class.
Scotland’s nationalists lost a special election yesterday, as politicians scrambled to save a nearby petrochemicals plant from closure with less than 11 months to go before a referendum on independence.
Andrew Carnegie, who died 93 years ago tomorrow, remains a polarizing figure. He has been labeled a great industrialist by some, a robber baron by others. Some argue that his impoverished childhood and work in a cotton mill enhanced his sympathy for workers, while others contend the conditions in his steel mills were inhumane.
Tiger Management LLC’s Julian Robertson and William Donaldson, former chairman of the Securities and Exchange Commission, dined together yesterday at the New York Public Library’s Celeste Bartos Forum.
Raymond Saxe, a former senior vice president of global risk technology at HSBC Holdings Plc whose 23-year Wall Street career in project management included work as a director at Deutsche Bank AG, has died. He was 50.