Michael Stein, co-founder of Executive Monetary Management LLC, a financial advisory firm whose clients included Michael Eisner, when he was chief executive officer of Walt Disney Co., and singer Michael Bolton, has died. He was 74.
Neuberger Berman Group LLC, a New York-based asset manager that oversees $216 billion, said it hired 22 people to manage emerging-market debt, including 19 from ING Investment Management Co.
Fred Stein, a self-taught investor who spent three decades as a senior money manager and mentor at the Wall Street firm Neuberger Berman LLC, has died. He was 84.
Lehman Brothers Holdings Inc. plans to sell its equity stake in Neuberger Berman to the investment- management affiliate for as much as $1.5 billion over time, according to a court filing.
"The Icahn proposal would result in a meaningful credit deterioration."
- Neuberger Berman on Oct 04, 2013
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