Actavis Plc awarded Chief Executive Officer Paul Bisaro and four top managers about $115 million in early-vested stock and retention bonuses after the U.S. generic- drug maker bought Ireland-based Warner Chilcott Plc. It was a rare instance of rewarding executives of the acquirer.
Proposals by an Israeli government- appointed committee on increasing competitiveness in the economy are “unwise” and “seriously misguided,” Ronald Gilson, a professor at Columbia Law School and Stanford Law School, said in an interview in Jerusalem.
It had been two days since U.S. lawmakers negotiated all night to finish rules that would reshape the business of Wall Street. The 20-hour session left legislators, aides, lobbyists and regulators exhausted. Almost no one had a grip on all the details.
H.F. “Gerry” Lenfest, a Columbia University trustee, has pledged $30 million toward the construction of an arts building at the school’s new campus, the largest gift ever for the arts at the Ivy League institution.
JPMorgan Chase & Co., the biggest U.S. bank, said it’s under federal criminal investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws.
In the end, billionaire Steven Cohen, one of the most successful hedge-fund managers of his generation, could end up getting banned from the business he dominated for an error of omission, not commission.