Cablevision Systems Corp. directors were sued by an investor for wrongfully approving “grossly excessive” compensation for Chairman Charles Dolan and members of his family who serve as executives of the fifth-largest U.S. cable company.
Donnie Walsh is stepping down as the New York Knicks’ president of basketball operations after a three-year tenure that turned a struggling franchise into a playoff team led by All-Stars Amar’e Stoudemire and Carmelo Anthony .
Madison Square Garden Co., controlled by the Dolan family, may sell its Live Nation Entertainment Inc. stake after its chairman resigned from the concert promoter’s board, a Stifel Nicolaus & Co. analyst said.
New York Knicks owner James Dolan said his team has the talent and character to succeed after losing the coach hired to bring the franchise a championship. For at least one night, the players backed him up.