Happy Sunday from Dry Powder H.Q. in New York, where I’m greatly looking forward to the arrival of the newest Puck writers, John Ourand (the business of sports) and Rachel Strugatz (the business of beauty). Welcome to Puck! Feel free to start using “Zaz” and “defenestrate” liberally.
In tonight’s edition, my read on last week’s boardroom shake-up at Goldman Sachs, where David Viniar will succeed Adebayo Ogunlesi as the firm’s next independent lead director. (Well, maybe not so independent, actually…) Plus the latest Wall Street chatter surrounding Nelson Peltz finally launching his long-threatened proxy war with Bob Iger.
But first… a few thoughts on the Ackman-Business Insider saga and a victory lap at FTX:
Ackman sharpens his ax: It appears that Bill Ackman is giving up his Twitter/X (aka Twix) fatwa against Business Insider to focus on the promised legal battle against it instead. I suspect that might be a shift in tactics suggested by...
Can’t see the full story?
You’re receiving the free version of Dry Powder at . For full access to Puck, and to each of my colleagues, you can subscribe here.
There’s nothing like the old, flying-back-from-Davos-on-the-G650, late Friday afternoon news dump, courtesy of our friends at Goldman Sachs. Last Sunday, I raised the question of who would replace Bayo Ogunlesi as the lead independent director of Goldman now that the Nigerian investment banker and money manager is selling his firm, Global Infrastructure Partners, to BlackRock for $12.5 billion and joining its board. He obviously couldn’t both be the lead director of Goldman and on the board of BlackRock. I’m also sure that David Solomon was not that happy that Bayo didn’t use Goldman as an adviser (he used Evercore) or give Solomon the chance to buy the company. So they will be...
You received this email because you signed up to receive emails from Puck, or as part of your Puck account associated with . To stop receiving this newsletter and/or manage all your email preferences, click here.
Puck is published by Heat Media LLC. 227 W 17th St New York, NY 10011.