Michael Johnson News
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The Water Works Board of Birmingham, the seat of bankrupt Jefferson County, Alabama, is selling $154 million of bonds as such revenue debt delivers the year’s worst returns.
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Herbalife Ltd. said Chairman and Chief Executive Officer Michael Johnson was paid compensation of $10.3 million in 2012, a drop from the previous year when his pay was inflated by the value of stock awards.
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Alcentra Ltd. hired Michael Johnson, Cantor Fitzgerald & Co.’s head of European leveraged capital markets, to run its U.K. direct lending business, according to a person with knowledge of the move.
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Herbalife Ltd. Director Jeff Dunn said hedge fund manager Bill Ackman is wrong in his analysis that the company is a pyramid scheme and is just “throwing rocks” to support his short position in the shares.
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Herbalife Ltd. Chief Executive Officer Michael Johnson accused hedge fund manager Bill Ackman of “gross mischaracterizations” about the nutrition company’s direct-selling model as Herbalife executives mounted a point-by- point defense for investors.
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Baltimore Ravens quarterback Joe Flacco cashed in on his championship season by signing the richest contract in National Football League history -- a six- year, $120.6 million deal that includes a $29 million signing bonus and $52 million in guaranteed money.
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Bill Ackman’s quest to expose Herbalife Ltd. started with a tip from a friend. The call came from a reporter turned stock researcher, who had penned a book about the hedge fund manager’s last big short and was now telling him that Herbalife smelled like a pyramid scheme.
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Deutsche Lufthansa AG will reduce the proportion of long-haul planes with first-class seats to 75 percent, responding to waning demand for airfare tickets that can command the price of a small car.
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U.S. stocks advanced, sending the Standard & Poor’s 500 Index to the highest level in five years, amid better-than-estimated data on Chinese exports.
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A majority of banks in the Southeast U.S. supervised by the Federal Reserve Bank of Atlanta remain troubled more than two and a half years after the recession ended, said Michael Johnson, senior vice president for supervision and regulation.
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