Silver Lake, the private-equity firm that co-owns Skype Technologies SA, generated returns of 85 percent from buying up technology company debt in the past 15 months and sees more opportunity to profit from the securities.
Silver Lake Management LLC, the biggest technology-focused private-equity firm, isn’t considering diversifying its business or taking itself public as its larger peers have done, co-founder Glenn Hutchins said.
Glenn Hutchins, David Roux and Jim Davidson, who co-founded Silver Lake 13 years ago and built it into the largest technology-focused private-equity manager, will reduce their ownership as part of a broader leadership transition, according to two people briefed on the matter.
Ben S. Bernanke arrived at the Brookings Institution to begin the next chapter in his professional life, the first workday after ending an eight-year term leading the Federal Reserve through crisis and recession.
President Barack Obama conferred today with eight company executives, including Ursula Burns, chief executive officer of Xerox Corp. and Johnson & Johnson CEO William Weldon, on ways to boost the economy and create jobs.