On second glance, yea, Alvin Hellerstein understands why you might think there’s a conflict of interest here.
Donald Trump’s Deutsche Banker scored a pretty nice profit by flipping it, too.
Private equity guys, you’re on notice from a guy with one foot out the door. Or not.
Which is a rather extraordinary thing to say for a bankruptcy judge, but in the case of Jay Alix v. McKinsey, we totally get it.
It wouldn’t be right for the consulting giant not to have at least one giant question mark hanging over it.
Especially with its president sitting atop its Chinese Wall.
A competitor has a sinking suspicion it’s the latter.
Don't let your left hand know what your family office is doing.
Anthony Scaramucci continues to impress.
Conflicts of interest are just a social construct, man.
Going forward, let's just assume that people aren't okay with this.
As you may have heard, in addition to the salary he was paid by the University of Michigan, Dr. Sidney Gilman made about $100,000/year through his side-gig advising "a wide network of Wall Street traders." That network included included Mathew Martoma, recently charged with running “the most lucrative insider trading scheme ever,” based on the information he received from Gilman, who made it a habit of leaking highly confidential information to the former SAC Capital employee. While most people that engage in fraud can't help but spend their ill-gotten gains in a flashy way that attracts unwanted attention (expensive cars, private jets, chinchilla fur coats) the Times reports that Sid Gilman's supplementary income "was not readily apparent in his lifestyle in Michigan." For instance, no second home and no bragging to his colleagues about his life on Wall Street. Still, on at least one occasion, the doctor couldn't help but let the underage girl sitting next to him on a flight home know that she was in the presence of a BSD.