Avenue Capital Group founder Marc Lasry and Bruce Grossman, his senior manager of investment, were on a private jet returning to New York from Harrisburg, Pennsylvania, in 2005 when they felt the plane’s cabin suddenly heat up.
Avenue Capital Group LLC, the distressed-debt firm co-founded by Marc Lasry, has appointed Richard Furst as chief investment officer amid speculation that Lasry will be nominated as U.S. ambassador to France.
Marc Lasry, founder of Avenue Capital Group LLC, is heading into the end of the year with more cash than his firm usually holds, to take advantage of a possible market selloff should U.S. lawmakers fail to agree on steps to reduce the country’s debt.
Trump Entertainment Resorts Inc., operator of two casinos in Atlantic City, New Jersey, said Chief Executive Officer Robert Griffin will take up the additional position of chairman after the resignation of Marc Lasry.
White House officials met with Wall Street executives to urge them to pressure Congress for a deal to avert the so-called fiscal cliff of spending cuts and tax increases, according to two people familiar with the session.
Caroline Kennedy, the daughter of the late President John F. Kennedy, is a leading candidate to become President Barack Obama’s nominee as U.S. ambassador to Japan, according to two people familiar with the matter.