All articles tagged with #marc rowan
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.