The former chairman of Egypt’s Bank of Alexandria was held overnight at New York’s Riker’s Island jail complex after being arraigned in Manhattan on charges of sexually abusing a maid at the Pierre Hotel in New York.
“He couldn’t crawl,” said former Fed chairman Paul Volcker of his son, James. He fought back tears as he went on: “We wondered. We thought: What’s the matter? And then we were told with no uncertainty he had cerebral palsy.”
Roy Neuberger , a co-founder of money manager Neuberger Berman who traded stocks until he was 101 and was a collector of such American artists as Jackson Pollock , Georgia O’Keefe and Edward Hopper, has died. He was 107.
Cyrus Mistry, chairman of Tata Sons Ltd., is writing down the value of some of the $15.5 billion assets purchased by his predecessor over two decades to boost the allure of India’s biggest corporate group.