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Stories tagged with Business

Elite New York synagogue shaken by Madoff scam

By Laurie Bennett   |   December 22, 2008 at 11:43am   |   0 Comments

In recent days, New York’s Fifth Avenue Synagogue has become a Who’s Who of Bernard Madoff victims.

Lymphoma foundation escapes Madoff wrecking ball

By A. James Memmott   |   December 20, 2008 at 7:08pm   |   0 Comments

One charity with Madoff connections has managed to emerge unscathed.

J. Ezra Merkin helps wipe out father’s legacy

By Carol Eisenberg   |   December 17, 2008 at 10:54am   |   4 Comments

The late Hermann Merkin was a lion of Jewish philanthropy who gave millions to help build Yeshiva University, the Fifth Avenue Synagogue, and Merkin Concert Hall, among other causes. Now, his son, J. Ezra Merkin, has managed to wipe out much of what he spent a lifetime creating.

Crying crocodile tears for billionaire busts

By Laurie Bennett   |   December 17, 2008 at 7:53am   |   0 Comments

Here’s a Forbes list the rich guys would have preferred to avoid: America’s Biggest Billionaire Losers of 2008.

Bernard Madoff cultivated ties to the Washington establishment

By Carol Eisenberg   |   December 16, 2008 at 10:01am   |   0 Comments

The Wall Street trader who engineered what may be the largest scheme in history to defraud investors spent nearly $1 million to lobby lawmakers and members of the Securities and Exchange Commission.

Madoff’s victims span the globe, from Palm Beach to Paris

By Carol Eisenberg   |   December 15, 2008 at 12:11pm   |   1 Comments

The casualties of Bernard Madoff’s alleged $50-billion Ponzi scheme include some of the biggest names in Jewish philanthropy, in addition to titans of the business and real-estate worlds.

Larry Ellison was top-paid CEO in 2007

By Carol Eisenberg   |   December 12, 2008 at 10:29am   |   0 Comments

Oracle Corp.’s Larry Ellison was the highest-paid US chief executive last year with total compensation of $192 million, a survey by an independent corporate governance group found.

Big Three auto chiefs won’t have easy time unloading jets

By Carol Eisenberg   |   December 4, 2008 at 4:50pm   |   0 Comments

This time round, the chiefs of Detroit’s big three automakers arrived at the nation’s Capitol like supplicants - transported in hybrid cars, rather than private jets.

Feinberg and Cerberus: out of the frying pan

By Laurie Bennett   |   November 21, 2008 at 9:33am   |   0 Comments

What’s in a name? Ask the folks at Cerberus Capital Management, named for the three-headed dog that guards the gates of hell.

What’s the difference between a bank and a casino?

By Laurie Bennett   |   November 19, 2008 at 8:02am   |   0 Comments

Brought down by subprime mortgages, credit default swaps and other high-stakes games, the financial world is giving Las Vegas a bad name.


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