Tag

Marc Rowan

All articles tagged with #marc rowan

business9 days ago•2 min saved

Unions call SEC to scrutinize Apollo's Epstein disclosures

Two teachers unions urged the SEC to investigate Apollo Global Management over allegedly misleading disclosures about its ties to Jeffrey Epstein. New documents show CEO Marc Rowan met Epstein and that Epstein was connected to a potential tax-inversion discussion, even as Apollo has asserted only Leon Black had a relationship with Epstein. Dechert’s 2021 review found no Apollo employee beyond Black seriously involved with Epstein, though new materials suggest meetings involving Rowan. The unions argue for greater candor and watchdog scrutiny; there’s no evidence of Epstein’s trafficking activities by Apollo. Despite the controversy, Apollo’s stock has risen since Black’s departure.

via Axios|

#apollo-global-management #business #dechert

world4 months ago•1 min saved

Billionaire Financier Marc Rowan Influences Trump’s University Deal and Funding Strategies

Billionaire financier Marc Rowan played a significant role in shaping the conservative-oriented 'compact' for universities promoted by the Trump administration, using his influence and ideas to influence higher education reforms and policies.

via The New York Times|

#conservative #higher-education #marc-rowan

politics1 year ago•4 min saved

Trump Eyes Marc Rowan for Treasury Amidst Cabinet Speculations

Donald Trump is considering Marc Rowan, CEO of Apollo Global Management, for the role of Treasury Secretary. Rowan, who has support from Wall Street donors and Trump confidantes, recently met with Trump in Florida. The decision comes amid internal disputes within Trump's team over cabinet appointments. Rowan's potential appointment is part of broader geopolitical considerations, as Middle Eastern officials prepare for Trump's pro-Israel agenda, hoping to influence his policies through connections like Massad Boulos, Trump's daughter's father-in-law.

via Financial Times|

#donald-trump #marc-rowan #middle-east

politics1 year ago•1 min saved

Trump's Commerce and Treasury Picks Stir Crypto and Trade Speculation

President-elect Trump is considering Senator Bill Hagerty, former Fed governor Kevin Warsh, and Apollo CEO Marc Rowan for the role of Treasury Secretary. Hagerty, a former private-equity investor and Trump's ambassador to Japan, is seen as a strong candidate due to his credibility with Wall Street and political ties to Trump. Trump is taking his time with this decision, meeting with the candidates at Mar-a-Lago, as he seeks the right fit for this high-profile position.

via Axios|

#bill-hagerty #kevin-warsh #marc-rowan

politics1 year ago•2 min saved

Trump's Cabinet Picks: Billionaires and Business Moguls in Key Roles

Marc Rowan, CEO of Apollo Global Management, has emerged as a leading candidate for Treasury Secretary in Donald Trump's potential new administration. Rowan, who has significant support from Trump's confidants and Wall Street donors, is set to meet with Trump to discuss the role. He faces competition from other contenders like Scott Bessent and Kevin Warsh. Rowan's candidacy gains momentum following Trump's appointment of Howard Lutnick to lead the Commerce Department. The decision for Treasury Secretary will require Senate confirmation.

via Financial Times|

#apollo-global-management #donald-trump #marc-rowan

business1 year ago•3 min saved

Trump's Treasury Secretary Search: Billionaires and Market Implications

President-elect Donald Trump is considering Marc Rowan, CEO of Apollo Global Management, for Treasury Secretary, which could benefit the $24 trillion private equity market. Rowan's potential appointment comes amid regulatory scrutiny of private equity, and his selection would follow Trump's pattern of choosing industry insiders for key positions. Rowan's wealth and support for Trump, including a $1 million donation, bolster his candidacy. The appointment could influence regulatory approaches to private equity, similar to former Treasury Secretary Steven Mnuchin's tenure.

via Fortune|

#apollo-global-management #business #donald-trump

politics1 year ago•2 min saved

Trump's Treasury Secretary Search Intensifies Amid Cabinet Tensions

President-elect Donald Trump is reconsidering his options for Treasury Secretary, meeting with new candidates Kevin Warsh, a former Federal Reserve Governor, and Marc Rowan, CEO of Apollo. Dissatisfied with earlier finalists Scott Bessent and Howard Lutnick, Trump is exploring alternatives as tensions rise, with Lutnick reportedly being a contentious figure in the selection process. The decision is part of a broader effort to finalize key cabinet positions from Mar-a-Lago, where Trump is reviewing candidates using a high-tech setup.

via Axios|

#cabinet-picks #kevin-warsh #marc-rowan

education2 years ago•1 min saved

"Penn's Growing Tensions: Insights from January 22 Upheaval and Academic Freedom Protest"

Professors at the University of Pennsylvania organized a rally targeting billionaire Marc Rowan, who played a role in the resignation of the university's president, M. Elizabeth Magill. Many professors interpreted a document sent by Rowan to university trustees as a blueprint for a more conservative campus, leading to concerns about academic freedom. The protest indicates that tensions on campus are likely to persist despite Magill's resignation.

via The New York Times|

#academic-freedom #campus-protests #education

education2 years ago•2 min saved

"Wall Street Billionaire Accused of Using Tactics to Strong-Arm University Over Antisemitism"

Marc Rowan, billionaire CEO of Apollo, has halted his donations to the University of Pennsylvania (UPenn) over its response to campus antisemitism and called on fellow alumni to do the same. A UPenn trustee accused Rowan of using aggressive Wall Street tactics to pressure the college, including contacting "half of Wall Street" to discuss ways major donors can bring about leadership changes at top schools. Tensions over antisemitism on US college campuses have risen following Hamas' attacks on Israel, leading to a donor revolt among Ivy League alumni.

via Business Insider|

#antisemitism #donor-influence #education

education2 years ago•3 min saved

Ivy League Donor Revolt: Wall Street Titans and Arab Countries Fuel Controversy

Wall Street executives, including billionaire Marc Rowan, are engaging in a donor revolt against Ivy League universities in protest of their responses to the Israel-Hamas war. Rowan and other finance executives have been privately discussing using their influence as major donors to pressure schools into making leadership changes. At least 400 Penn alumni and donors joined a call expressing frustration with the university's current leadership, and Rowan has called on fellow donors and alumni to withhold financial support until the university's president and chairman resign. The efforts to halt donations have already had an impact, with longtime investor Steve Eisman asking Penn to remove his family's name from a scholarship. Rowan's calls to halt donations have gained attention, even reaching Senate Minority Leader Mitch McConnell, who praised the boycott call during a speech on the Senate floor.

via CNBC|

#donor-revolt #education #israel-hamas-war

education2 years ago•4 min saved

Billionaire CEO Demands UPenn Leaders Resign Over Alleged Antisemitism and Hamas Support

Wall Street CEO Marc Rowan, a major donor to the University of Pennsylvania (UPenn), is demanding the resignation of UPenn leaders and a halt to donations over their alleged failure to condemn antisemitism on campus. Rowan criticized UPenn for not condemning an event that included speakers with a history of making antisemitic remarks. He called for alumni and supporters to withhold donations until UPenn President Elizabeth Magill and Board of Trustees Chair Scott Bok step down. UPenn leaders have defended their actions and expressed solidarity with those impacted by the recent conflict in Israel.

via CNN|

#antisemitism #campus-controversy #donations

finance2 years ago•3 min saved

Apollo CEO discusses private equity, real estate, and regional banking.

Apollo Global Management CEO Marc Rowan acknowledges that private equity was not immune to the lure of liquidity, which led to growth in public equity markets and technology. However, he remains confident in the firm's long-term approach to each of its businesses, emphasizing the importance of thinking long-term and making decisions as if they will own the business forever. Despite concerns in the broader economy, Apollo has continued to make big deals, including the acquisition of Univar Solutions for $8.1 billion and a $500 million investment in education tech company Cengage Group.

via Yahoo Finance|

#apollo-global-management #finance #liquidity