Word: macked
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Securities and Exchange Commission, but it only took his first case to make him realize that this was not his public service dream come true. The assignment was heady stuff, a hedge fund insider-trading case that possibly involved one of Wall Street's top executives, John J. Mack, the current CEO of Morgan Stanley. Aguirre threw himself into it with furious energy, and was not intimidated going up against dozens of defense lawyers. That was until his bosses withdrew their support of how he was pursuing the investigation, abruptly reversed - and downgraded - his performance reviews, and then unceremoniously fired...
...rookie was handed a case involving suspicious trading activity possibly based on someone tipping off Pequot Capital Management, Inc., a $7.4 billion Westport, Conn., hedge fund, to an impending General Electric purchase of Heller Financial. That someone, Aguirre soon believed, was most likely none other than John Mack. Pequot's CEO Arthur J. Samberg, according to the Senate report, was one of the first people Mack contacted after returning from Switzerland in late June of 2001, where Mack had interviewed to become CEO of Credit Suisse First Boston (now Credit Suisse), which happened to be advising Heller...
...Mack told Samberg he wanted to invest $5 million in a closed Pequot fund, and he was also able to invest in another equity fund (Fresh Start), the only individual allowed to do so, according to the Senate report. Within days Pequot, at Samberg's direction, started aggressively buying Heller stock, while shorting GE. In a matter of a few weeks, and after the acquisition was announced on July 30, 2001, Pequot had scooped up $18 million in earnings, a performance that caught the attention of the New York Stock Exchange...
...Aguirre thought this was reason enough to depose Mack, and his supervisors initially seemed supportive, until outside lawyers started contacting them, including enforcement division director Linda Thomsen, and her deputy Paul Berger. Aguirre's supervisors have all denied to Congress they were influenced by anyone, and insist they had a principled objection to taking Mack's testimony, largely because it was insufficiently supported by existing evidence...
...Life magazine had already posed the question, "JACKSON POLLOCK: IS HE THE GREATEST LIVING PAINTER IN THE UNITED STATES?" But her life as a collector was not quite complete. From the '50s on, she moved past Pop and Minimalism to focus on the more quirky kinetic works of Germans Mack and Uecker, only now being properly appreciated. "The Zero Group works exemplify how Peggy was evergreen," Rylands says. "She continued buying art in the 1960s, and doing so intelligently, I must say." Three years before her death in 1979, she had the prescience to bequeath her palazzo and its collection...