The investment by Warren Buffett in Goldman Sachs Group Inc. in September 2008 was so confidential that even his chief financial officer was unaware of it before being briefed on the details by a Goldman Sachs executive, a witness at the Rajat Gupta trial testified.
Warren Buffett will be the featured speaker at a Chicago-area fundraiser on Oct. 27 to benefit President Barack Obama’s re-election bid, marking the second time this year the billionaire investor has agreed to help the man who has named a tax-increase proposal after him.
D.E Master Blenders 1753 NV, the coffee company being acquired by investment firm Joh. A. Benckiser, will appoint former Mars Inc. executive Pierre Laubies as chief executive officer once the deal is approved by shareholders, according to a person familiar with the matter.
Coty Inc., the closely held perfume maker seeking to buy Avon Products Inc. for $10 billion, has determined that a private-company structure will make it easier to turn around the door-to-door seller of cosmetics, said people with knowledge of the matter.
Rajat Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey & Co. and director at Goldman Sachs Group Inc. and Procter & Gamble Co., was convicted by a federal jury of leaking inside information to hedge-fund manager Raj Rajaratnam.