EBay Inc. Chief Executive Officer John Donahoe is stepping up his offense against activist Carl Icahn, a sign of the rising stakes in his effort to keep from splitting off the e-commerce company’s PayPal business.
On April 14, 2011, James Fan stood on a parking garage landing at Newark Liberty International Airport, a cheer-you-up letter from his young son in his pants pocket, the prospect of a four-story leap facing him.
The New York field office of the FBI sits a block west of Foley Square, where Roman and Greek- inspired courthouses with four-story colonnades loom over a small town of judicial institutions in which the biggest of America’s financial crimes are prosecuted.
Billionaire Steven A. Cohen’s SAC Capital Advisors LP, the hedge fund accused of fostering a culture of rampant insider trading, has agreed to plead guilty Nov. 8 to securities fraud and wire fraud, pay a record $1.8 billion and shutter its investment advisory business.
SAC Capital Advisors LP, the hedge- fund firm led by billionaire Steven Cohen, has agreed to plead guilty to a federal indictment and pay $1.8 billion as part of a multiyear investigation into insider trading.