Word: financiere
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What the heck is this stuff? On its purple cans, Drank calls itself an "Extreme Relaxation Beverage." The drink's motto: "Slow your roll." Bianchi, a former financier who started Innovative Beverage seven years ago and introduced Drank in early 2008, pitches his product as an alternative to alcohol. "We...
The merger won't happen. The Times Co. will have to cut off more fingers and toes. It will have to find a benefactor at some point soon. Perhaps the shadowy past of Mexican financier Carlos Slim, a Times Co. shareholder, can be swept under the rug long enough for...
Now you know how many South Africans feel about the arrival in Cape Town of Morgan Freeman and Matt Damon to shoot a Clint Eastwood movie about South Africa's 1995 Rugby World Cup victory over the New Zealand All Blacks. It's not that Freeman (playing President Nelson Mandela...
First, some background: private equity refers to what in the 1980s was called the leveraged buyout (LBO). LBO artists such as Henry Kravis and Carl Icahn borrowed lots of money on the junk-bond market built by financier Michael Milken and used it to finance takeovers - sometimes hostile ones - of...
A few weeks after Treasury Secretary Timothy Geithner tapped Wall Street financier Steven Rattner to try and save the U.S. auto industry, Rattner sat down for coffee at a nondescript café in Washington with the man he wanted to be his deputy, Ron Bloom. Both men had spent much...