Leon Black’s surprise exit from the helm of Apollo Global Management last month came just days after several directors on the private-equity giant’s board learned of accusations of sexual harassment against him by a woman he claimed was trying to shake him down over a “consensual affair.”
Leon Black, the Wall Street billionaire who was the main client of the disgraced financier Jeffrey Epstein for the last decade of his life, is stepping down as chief executive of Apollo Global Management, several months ahead of schedule.
An inquiry’s finding that Leon Black (l), the billionaire boss of Apollo Global Management, paid convicted sex offender Jeffrey Epstein (r) $158 million touched off an attempt to remove him.
A group representing U.S. pension funds says the head of an Apollo Global Management committee overseeing the investigation of CEO Leon Black’s ties to late financier and convicted sex offender Jeffrey Epstein is not independent.
Leon Black, the billionaire chief executive of Apollo Global Management, on Thursday offered a history of his ties to the late financier Jeffrey Epstein, his most detailed public account yet of a relationship that sparked renewed concern among his firm’s shareholders and fund investors in recent weeks.
It keeps getting worse for Leon Black. Over the past week, Black’s giant investment firm, Apollo Global Management Inc., has confronted one question after another about his decades-long relationship with convicted sex offender Jeffrey Epstein.
Apollo Global Management and its chief executive, Leon Black, have agreed to appoint an external counsel to review his ties with late financier and convicted sex offender Jeffrey Epstein, the buyout firm said on Wednesday.
Apollo Global Management’s Leon Black, whose $9 billion fortune could buy the best counsel in the world, paid at least $50 million to Jeffrey Epstein for advice and services after most others had deserted him.
The private equity CEO with a fearsome reputation skates on the edges of other people’s catastrophes and manages to walk away richer.
His company, Apollo Global Management, has scooped up 29 television stations across the country. When Apollo lost a key deal, “they were pretty ripshit.” But the march continues.
The TV industry has an unlikely new star: Leon Black. The billionaire investor is poised to become one of the biggest players in local television thanks to a dealmaking spree. His private equity firm, Apollo Global Management, is working on a trifecta of transactions that could give it control of more than 40 stations from Atlanta to Seattle. First off, Apollo is in talks to buy a group of local television stations from Nexstar Media Group Inc. for more than $1 billion, according to people with knowledge of the matter. The deal could be announced in the next week, said the people, who asked to not be identified because the discussions aren’t public.