Sears Holdings Corp. gained 54 percent this year through November. It was the best performer among the U.S. listed stocks held by Eddie Lampert’s hedge-fund firm and the biggest contributor to an estimated 41 percent return from those investments.
Former U.S. Treasury Secretary Timothy Geithner is joining private-equity firm Warburg Pincus LLC after a quarter-century career in public service that was capped by his oversight of financial crisis rescues of Wall Street banks and General Motors Corp.
Timothy Geithner, the former U.S. Treasury secretary who supervised government bailouts of some of the largest companies after the 2008 financial crisis, agreed to join private-equity firm Warburg Pincus LLC after more than 25 years in public service.
White House budget director Sylvia Mathews Burwell learned her management skills from some of the masters: former President Bill Clinton, Microsoft Corp. Chairman Bill Gates, and onetime Treasury Secretary Robert Rubin.
There is no shortage of billionaires -- the Koch brothers, Carl Icahn, Dan Loeb and, yes, Mike Bloomberg, to name a handful -- who are willing to use their vast wealth to push a particular political agenda or to advocate for a specific social reform. That’s hardly a revelation.
Karen Strauss Cook, a pioneering female equity trader at Goldman, Sachs & Co. who helped other working moms stay in finance and will be honored next month by the group 100 Women in Hedge Funds, has died. She was 61.