FBI agents raided the home of Chris Kirchner, the former CEO of a Goldman Sachs-backed logistics software company Slync.
that Kirchner had misrepresented Slync’s finances to the board, and fired executives who had raised concerns about his alleged misconduct.
As the company grew to a $240 million valuation, Kirchner flaunted a flashy lifestyle: he drove a red Ferrari, was a regular at Pro-Am golf tournaments, and bragged on Twitter about flying on a private jet he owned.
However, his new lifestyle overshadowed concerns raised within the company about Kirchner’s leadership, which grew after multiple executives, including the CFO and CRO, were pushed out of the company. For employees, Kirchner’s high-flying endeavors, including separate attempts to buy two English football teams, were hard to accept, especially when their paychecks stopped coming in May 2021. “I don’t know that [Slync] was a business so much as it was a kleptocracy,” a former employee toldin July.
Weeks after the Forbes report, Kirchner was first suspended as CEO, then subsequently fired and stripped of his role as chairman in August. Goldman Sachs subsequently repaid employees. It declined to comment on these latest developments.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Goldman Sachs CEO says odds of a 'softer landing' for U.S. economy have improvedMarkets rallied this year as inflation moderated and job growth remains strong, feeding investors' hope that the economy can stick the elusive soft landing.
Consulte Mais informação »
How the Wealthy Are Saving Billions in Taxes by Skirting a Century-Old LawGoldman Sachs helped billionaires dodge taxes by selling stocks and replacing them with nearly identical investments. (via propublica)
Consulte Mais informação »
Goldman Sachs Boss Wishes He Had Fired Workers SoonerDavid Solomon said the blood-letting would not have been as bad if he had acted earlier.
Consulte Mais informação »
US CPI Preview: Goldman Sachs, WSJ’s Timiraos tease upside surprise from January inflationUS CPI Preview: Goldman Sachs, WSJ’s Timiraos tease upside surprise from January inflation – by anilpanchal7 Inflation Banks UnitedStates Fed CPI
Consulte Mais informação »
Goldman Sachs upgrades Occidental Petroleum, says recent underperformance puts energy stock at right place to buyAnalyst Neil Mehta upgraded the energy stock to buy from neutral. His price target of $81 per share implies upside of 25.1% from Monday's close.
Consulte Mais informação »
Goldman Sachs says buy Palo Alto Networks as the cybersecurity company diversifies its businessGoldman's price target implies the stock could gain 23.3% over the next 12 months.
Consulte Mais informação »