The window shades were lowered to block out the sunlight soaking lower Manhattan on a Friday afternoon in June as 14 students in Eric H. Kessler’s executive MBA class gathered in a conference room to present their analyses of Goldman Sachs Group Inc.’s leadership.
David Kugel, a trader at Bernard Madoff’s brokerage for 38 years, told a jury the con man let him use backdated trades to boost profit in his personal investment account, as long as they didn’t look “ridiculous.”
David Kugel, who was hired as a trader by Bernard Madoff in 1970 and pleaded guilty to fraud two years ago, told a jury he helped create fake trades with two ex- colleagues accused of aiding Madoff’s $17 billion Ponzi scheme.
Groupon Inc. backers Battery Ventures and Andreessen Horowitz have divested their stakes in the daily-deal website, joining a group of early investors who have sold the stock and added pressure to slumping shares.
Morgan Stanley Smith Barney fired George Friedlander , a municipal bond strategist for more than three decades, as it integrates two formerly separate firms, according to a person familiar with the matter.
James O. Boisi, a real-estate lawyer who helped guide high-rise development over railroad tracks along New York’s Park Avenue before becoming a top executive at Morgan Guaranty Trust Co., today’s JPMorgan Chase & Co., has died. He was 94.