Los Angeles-based Pegasus has announced the appointment of George Azzi as executive vice president, a key addition following his tenure as regional manager of Marcus & Millichap’s Los Angeles office, and the first in a trio of strategic new hires. Azzi brings two decades of commercial real estate experience in Los Angeles County, with a
Fundraising in private equity used to be relatively easy. First, you’d schmooze with executives of foundations, endowments, and pension funds, and then they’d write you a check with 6, 7, or even 8 zeroes. You’d go back for an even bigger check five years later, after doubling their money. Rinse and repeat. Now, with private
A Business Insider analysis of more than a decade’s worth of executive compensation data suggests that some corporate leaders could be enriching themselves by timing market-moving announcements around scheduled stock options grant dates. Stock options give an employee the right to buy company shares at a fixed “strike” price, normally set on the day the
Newmax’s stock debut may be the talk of Wall Street, but the investment bank behind the deal is not normally associated with the sector’s splashiest IPOs. Rather than using a large advisory firm like Goldman Sachs or Morgan Stanley, Newsmax tapped a relatively obscure advisor: the Laguna Beach, California-based Digital Offering LLC, which has just