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Jon Horvath’s New Year’s Resolution For 2008 Was To Feed His Boss More Material Non-Public Information

Horvath took home a relative pittance of $416,084 of compensation in 2007, compared with Steinberg’s $5.1 million. He rang in the New Year vowing to do better. He cultivated a relationship with Jesse Tortora, an analyst at a hedge fund called Diamondback Capital, whom he’d met through a former roommate in San Francisco. Tortora was well connected and started funneling him inside information about Dell, which, Horvath later testified, he passed up to Steinberg. [BusinessWeek / Sheelah Kolhatkar]

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5 Responses to “Jon Horvath’s New Year’s Resolution For 2008 Was To Feed His Boss More Material Non-Public Information”

  1. Guest says:

    SAC has a Steve-cam? Tell me more….

  2. Guest says:

    love the enigma-like code Horvath came up with. JT = TJ, GAL = LAG? I bet he threw a lot of people off the scent.

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