opinion Brian Dickerson Detroit Free Press Published 7:00 AM EDT Jun 30, 2019 The constitutional language that promises every U.S. citizen "the equal protection of the laws" has always been a little, well ... aspirational. Since its ratification after the American Civil War, the 14th Amendment has described the egalitarian society we more precisely than the imperfect one we live in. Federal law may guarantee even the most impoverished defendant a lawyer, but no one imagines that the homeless teenager arrested for petty larceny gets the same legal representation as the hedge-fund manager charged with securities fraud. And while the aggrieved consumer and the multinational pharmaceutical maker enjoy the same right to free speech, the latter's superior financial resources all but guarantee that its message — Ask your doctor if Venclexta is right for you! —will reach a far larger audience. More: Supreme Court justices tell … [Read more...] about An end to one person, one vote?
Hedge fund high water mark
The line inside the Philadelphia convention center stretches several hundred feet, three or four people thick with giddy lacrosse fans, many of them kids with their parents in tow. They have traveled from all over the country to attend LaxCon, the annual event sponsored by U.S. Lacrosse (the sport’s official governing body), which offers three days of clinics, demos, vendor exhibits, and a chance to share oxygen with the world’s greatest lacrosse players, including the most famous of them all, Paul Rabil, who is at the head of this queue, greeting fans and posing for photos. ¶ This year, the Major League Lacrosse (MLL) star known for his brawn, speed, and skill is here on a mission of his own: to promote the Premier Lacrosse League (PLL), which he and his brother, Mike, launched last fall. Rabil and nearly 160 of the world’s top players have opted out of playing for the 18-year-old MLL to join the PLL, lured by a guaranteed minimum salary about two or three times … [Read more...] about How lacrosse star Paul Rabil aims to redefine professional sports
By Juliet Chung WSJ Thu., March 14, 2019 One of the best-known investors in private technology companies intends to leave Tiger Global Management after a 13-year run. Lee Fixel, who was in charge of Tiger Global’s private-equity business, will depart in June to invest his own money, Tiger Global told clients in a letter Thursday. He may start his own investment firm down the road, according to the note. Tiger Global manages $26 billion in hedge funds and private-equity funds. Mr. Fixel positioned Tiger Global to become a key investor in some of the most successful private technology companies in the U.S. and India. Many have gone public or are their way to doing so. His deals includes stakes in Indian e-commerce company Flipkart Group, e-cigarette company Juul Labs Inc., Peloton Interactive Inc. and Spotify Technology SA. Scott Shleifer, who started Tiger Global’s private-equity business with the firm’s founder, Charles “Chase” … [Read more...] about Prominent Tech Investor Is Leaving Tiger Global
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Your Davos Cheat Sheet DealBook Supported by Jan. 27, 2019 Good Sunday morning. (Was this email forwarded to you? Sign up here .) Tim Cook, Matt Damon, economic worries and social unrest The week of the annual meeting of the World Economic Forum is a fire hose of news. Headlines, predictions, sightings and tidbits that months and years later are recognized as the flash point for much larger shifts and trends can often get overlooked. To help you sort through it all, we’ve put together this crib sheet of everything that we think was important that happened here in Davos. (Yes, I’m writing this from Davos on my way home.) Before we get into the substance, a couple of observations. The World Economic Forum has traditionally brought together the world’s top political and … [Read more...] about DealBook Briefing: Your Davos Cheat Sheet
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: ‘Brexit’ Deal Fails; What’s Next for Britain? DealBook Supported by Jan. 16, 2019 Good Wednesday morning. Breaking: Sears and Edward S. Lampert have reached $5.3 billion deal that would keep its stores open for now. Want this by email? Sign up here . An uncertain future for Britain after a staggering defeat Prime Minister Theresa May of Britain suffered a crushing defeat yesterday, after Parliament rejected her plan to withdraw the country from the European Union. The result thrusts the country further into political chaos 10 weeks before it is scheduled to leave the bloc, write Stephen Castle and Ellen Barry. The response: Jeremy Corbyn, the leader of the opposition Labour Party, called the defeat “catastrophic.” The European Union said it was stunned by … [Read more...] about DealBook Briefing: ‘Brexit’ Deal Fails; What’s Next for Britain?