The top 10 dealmakers at publicly traded private-equity firms took home at least $1.7 billion in dividends in 2013 as they seized on rallying stock markets to sell stakes in everything from a Chinese insurer to a U.S. theme-park operator to a French floormaker.
New York got its Oscar party early as a star-filled Hollywood supper club took over Alice Tully Hall last night, with prime spots occupied by Madonna, Alibaba executive vice chairman Joe Tsai and Bank of America investment banking vice chairman Cary Thompson.
Gary Lynch, Bank of America Corp.’s general counsel and compliance chief, gathered his lawyer friends to watch Frank Langella, playing King Lear, ignore his good counselors Cordelia and Kent and meet a tragic end.
H. Frederick Krimendahl II, a top troubleshooter for Goldman, Sachs & Co. in the 1970s and 1980s whose broad responsibilities included finding the home for the firm’s London office, has died. He was 85.
Mario Garcia Durham, president and chief executive officer of the Association of Performing Arts Presenters says the five-day marketplace in New York each January brings together representatives from 34 countries, showcases more than 1,000 performers and is where the 'contracts are written," and where people "barter and negotiate". Durham speaks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage."
It is easy to think of art as a luxury. It enriches our minds and lives, and it allows us to express ourselves to the fullest, yet it is not essential to brute survival. We value it, but beyond all measure. Art is priceless.
The Federal Reserve will stick to its plan for a gradual reduction in bond purchases, economists said after a government report showed that U.S. employment rose at the slowest pace in three years in December.