Tag: Chief executive officer

BusinessFinance

Jefferies CEO Alleges Fraud in Auto Parts Giant Collapse as Wall Street Braces for Fallout

Jefferies CEO Rich Handler told investors the investment bank believes it was “defrauded” in the First Brands Group bankruptcy that has rattled Wall Street. The auto parts conglomerate’s collapse with over $2 billion reportedly missing has drawn comparisons to Enron from famed short seller Jim Chanos.

Investment Bank Alleges Fraud in Major Bankruptcy

Jefferies Financial Group CEO Rich Handler has reportedly told investors his firm believes it was “defrauded” by First Brands Group, according to recent SEC filing disclosures. The comments came as the investment bank faced scrutiny over its exposure to the auto parts conglomerate’s bankruptcy that has sent shockwaves through financial markets.

by Natalie Brooks
AIBusiness

CoreWeave’s $5 Billion Core Scientific Acquisition Faces Mounting Shareholder Opposition

CoreWeave’s ambitious $5 billion acquisition of Core Scientific faces mounting opposition from major shareholders ahead of a critical October 30 vote. Gullane Capital, the third-largest shareholder, has joined other investors in rejecting the current terms, citing valuation concerns and structural issues with the stock conversion deal.

Major Shareholder Joins Opposition to CoreWeave’s Acquisition Plan

A $5 billion merger crucial to CoreWeave‘s expansion in the artificial intelligence sector faces increasing uncertainty as another major investor has announced opposition to the deal. According to reports, Trip Miller, founder of Gullane Capital and the third-largest shareholder in Core Scientific, stated he would vote against the proposed acquisition by rival data center firm CoreWeave.

by Natalie Brooks
Business

Goldman Sachs Loses Veteran Credit Strategist Karoui in Senior Research Departure

Goldman Sachs’s chief credit strategist Lotfi Karoui has exited the firm after nearly two decades, according to reports. The departure comes as the bank’s US equity strategist David Kostin also prepares to leave, signaling significant changes in Goldman’s research leadership.

Senior Research Leadership Transition at Goldman Sachs

Goldman Sachs’s chief credit strategist Lotfi Karoui has departed the firm after 18 years, according to reports confirmed by the bank. Karoui, who also served as head of credit, mortgages and structured products research, was named chief credit strategist in 2017 and was among the executives promoted to partnership in November.

by Darren Holt
AIEthics

Tech Leaders Confront AI Ethics and Regulatory Challenges at 2025 ForbesBLK Summit

Technology leaders and venture capitalists convened at the 2025 ForbesBLK Summit to address pressing ethical questions surrounding artificial intelligence development. The panel explored how emerging regulations and startup innovations are reshaping the AI landscape across mobile applications and enterprise software.

AI Ethics Take Center Stage at Industry Summit

Technology leaders gathered in Atlanta this week to confront the complex ethical dimensions of artificial intelligence development at the 2025 ForbesBLK Summit. According to reports, the panel titled “Code And Consequences: Exploring The Ethics of AI” brought together venture capitalists, software executives, and legal experts to examine how rapid AI advancement is creating both unprecedented opportunities and significant challenges.

by Sarah Collins