* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, September 12, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

    The other WWE star James Gunn wanted for Peacemaker instead of John Cena – yahoo.com

    The WWE Star James Gunn Originally Wanted for Peacemaker Instead of John Cena

    Quinta Brunson, John Stamos Join Entertainment and Technology Summit – Variety

    Quinta Brunson and John Stamos to Headline Thrilling Entertainment and Technology Summit

    ‘Breaking Bad’ star arrested for incident with neighbor. Here’s the latest – PennLive.com

    Breaking Bad’ Star Arrested Following Neighbor Dispute: Latest Updates

    Palmetto Sports & Entertainment to air Columbia Fireflies playoff games – WIS News 10

    Catch Every Thrilling Moment: Palmetto Sports & Entertainment to Broadcast Columbia Fireflies Playoff Games!

    Jobs roundup: September 2025 | Blizzard Entertainment appoints Walter Kong SVP of live games/mobile development – GamesIndustry.biz

    Blizzard Entertainment Names Walter Kong as SVP of Live Games and Mobile Development in September 2025 Jobs Update

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    AI is the ‘most transformational technology’ in our lifetime, AMD CEO argues – Fox Business

    AMD CEO Declares AI the Most Transformative Technology of Our Era

    PAR Technology (PAR) Unveils AI-Powered Assistant Enhancing Restaurant Operations and Customer Engagement – simplywall.st

    PAR Technology Unveils AI-Powered Assistant to Revolutionize Restaurant Operations and Boost Customer Engagement

    Lincoln Laboratory technologies win seven R&D 100 Awards for 2025 – MIT News

    Lincoln Laboratory Technologies Secure Seven Prestigious R&D 100 Awards for 2025

    ASE Technology (ASX) Hits Record High on AI Fuel – uk.finance.yahoo.com

    ASE Technology Rockets to New Heights Driven by Game-Changing AI Breakthroughs

    Tri-Counties Bank marks 50 years of growth with focus on technology and personal service – thebusinessjournal.com

    Tri-Counties Bank Celebrates 50 Years of Growth Driven by Technology and Personal Service

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

    The other WWE star James Gunn wanted for Peacemaker instead of John Cena – yahoo.com

    The WWE Star James Gunn Originally Wanted for Peacemaker Instead of John Cena

    Quinta Brunson, John Stamos Join Entertainment and Technology Summit – Variety

    Quinta Brunson and John Stamos to Headline Thrilling Entertainment and Technology Summit

    ‘Breaking Bad’ star arrested for incident with neighbor. Here’s the latest – PennLive.com

    Breaking Bad’ Star Arrested Following Neighbor Dispute: Latest Updates

    Palmetto Sports & Entertainment to air Columbia Fireflies playoff games – WIS News 10

    Catch Every Thrilling Moment: Palmetto Sports & Entertainment to Broadcast Columbia Fireflies Playoff Games!

    Jobs roundup: September 2025 | Blizzard Entertainment appoints Walter Kong SVP of live games/mobile development – GamesIndustry.biz

    Blizzard Entertainment Names Walter Kong as SVP of Live Games and Mobile Development in September 2025 Jobs Update

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    AI is the ‘most transformational technology’ in our lifetime, AMD CEO argues – Fox Business

    AMD CEO Declares AI the Most Transformative Technology of Our Era

    PAR Technology (PAR) Unveils AI-Powered Assistant Enhancing Restaurant Operations and Customer Engagement – simplywall.st

    PAR Technology Unveils AI-Powered Assistant to Revolutionize Restaurant Operations and Boost Customer Engagement

    Lincoln Laboratory technologies win seven R&D 100 Awards for 2025 – MIT News

    Lincoln Laboratory Technologies Secure Seven Prestigious R&D 100 Awards for 2025

    ASE Technology (ASX) Hits Record High on AI Fuel – uk.finance.yahoo.com

    ASE Technology Rockets to New Heights Driven by Game-Changing AI Breakthroughs

    Tri-Counties Bank marks 50 years of growth with focus on technology and personal service – thebusinessjournal.com

    Tri-Counties Bank Celebrates 50 Years of Growth Driven by Technology and Personal Service

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

A CEO abruptly resigned from a board after leaked emails reportedly showed inappropriate influence

July 27, 2024
in General
A CEO abruptly resigned from a board after leaked emails reportedly showed inappropriate influence
Share on FacebookShare on Twitter

Gabrielle “Ellie” Rubenstein, a daughter of Carlyle Group Inc. co-founder David Rubenstein, resigned from the board of Alaska’s sovereign wealth fund following allegations that she improperly interfered with investment decisions. 

Her departure from the Alaska Permanent Fund, where she was vice chair, takes effect Aug. 1, she announced at its board meeting Wednesday, surprising some of the trustees.

Part of her job as a board member was to introduce staff to potential investment managers that the fund might want to do business with, and ultimately it didn’t invest with anyone she had referred, a spokesman for Rubenstein said Friday. 

The nature of the disclosure, coming in the middle of an hours-long meeting, underscores the discord among the board’s six members. Craig Richards, a trustee since 2017, expressed his disappointment in the board’s behavior.

“What occurred today was a coup,” he said in closing comments, noting how Rubenstein had been allowed to cast a vote for new leadership prior to announcing her departure.

Adam Crum succeeded Rubenstein Wednesday as vice chair as well as chair of the governance committee. Ethan Schutt also stepped down as board chair and was replaced in that role by Jason Brune. Schutt will remain on the board. 

“We changed the date of when we do our election in a way that I didn’t know we were doing it,” Richards said. “It’s clear to me now that it was probably done because Trustee Rubenstein is resigning.”

Alaska Permanent Fund, which is fueled by the state’s oil revenue, manages about $80 billion. It invests in stocks, bonds, private equity and other asset classes and makes annual payments to the state, which in turn disburses dividends to Alaska residents.

The fund is overhauling its process for investment referrals and protocols for how the board communicates with staff. The board approved some initial changes and will consider a full proposal in September. 

Leaked emails showed that Rubenstein had set up meetings between investment staff and managers she knew, including her father, and that the chief investment officer had raised concerns about her potential conflicts of interest, according to reports earlier this year by the Alaska Landmine and Financial Times. 

David Rubenstein is a Bloomberg contributor.

The emails prompted investigations into the source of the leak and the allegations, and some board members, state lawmakers and members of the public called for more scrutiny, according to a report earlier this year by the Anchorage Daily News. 

“The staff especially has gone through a weird period,” Ellie Rubenstein said at the meeting, and they deserve “to have fresh leadership.” 

Rubenstein, who’s also chief executive officer of private equity firm Manna Tree Partners, attributed her decision to not having enough time to dedicate to the sovereign wealth fund, as well as the toll that the controversy has taken on her health.

‘Not Compatible’

She “concluded that the scope and pace of change necessary to fully institutionalize the fund are not compatible with the demands of leading her private equity firm,” said Rubenstein’s spokesman, Chris Ullman. 

The fund normally makes decisions about the board’s composition at its annual meetings in September, but it accelerated that process because of the governance concerns. Richards said he had been excluded from some private discussions among board members. 

“There might have been talks among some of you, but there’s been no talks among me,” Richards said. “Once again, I find myself figuring out stuff at a meeting that’s already been pre-decided.”

Rubenstein said during the meeting that she had always followed policy. 

“Don’t believe everything you read,” she said.

Brune and Crum were among board members who thanked Rubenstein for her service and said they appreciated the investing expertise that she brought to her role. 

Alaska Governor Mike Dunleavy also praised her work at the fund.

Her contributions “are both significant and impactful,” Dunleavy said in a statement. “She has been an agent of change thanks to her astute understanding of the global financial markets.”

Recommended Newsletter: CEO Daily provides key context for the news leaders need to know from across the world of business. Every weekday morning, more than 125,000 readers trust CEO Daily for insights about–and from inside–the C-suite. Subscribe Now.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Fortune – https://fortune.com/2024/07/26/rubenstein-ceo-private-equity-resigned-leaks-emails-alaska/

Previous Post

Singapore New Home Price Growth Slows as Half-Year Sales Hit All-Time Low

Next Post

Coastal communities get $575 million to combat floods and climate threats

Six Olympians on U.S. Men’s Roster for 2025 World Championship – USA Volleyball

Six Olympians Lead U.S. Men’s Roster for 2025 World Championship

September 12, 2025
Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

September 12, 2025
AdvaMed in Action: Building Alliances That Redefine Health Care at The MedTech Conference 2025 – AdvaMed® – Advanced Medical Technology Association®

Building Powerful Alliances That Are Transforming Health Care at The MedTech Conference 2025

September 12, 2025
Political experts weigh in on rising violence in the digital age – WSLS

Political experts weigh in on rising violence in the digital age – WSLS

September 12, 2025
From Marx’s Ecology to China’s Vision of Socialist Eco-Civilization

From Marx’s Ecology to China’s Vision of Socialist Eco-Civilization

September 11, 2025
Opinion: It’s Time to Rethink the Academic Tenure Process – Undark Magazine

It’s Time to Rethink the Academic Tenure Process

September 12, 2025
Octopuses prefer to use different arms for different tasks, scientists find – The Guardian

Octopuses Showcase Amazing Skill by Using Different Arms for Unique Tasks

September 12, 2025
Andrew Burnstine featured on lifestyle podcast and WalletHub article – Lynn University

Andrew Burnstine Reveals Top Lifestyle Trends and Smart Financial Tips

September 12, 2025
Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

September 11, 2025
Screenshot 2025-09-11 at 10.21.26 AM – North Allegheny Sports Network

North Allegheny Sports Network: Highlights from September 11, 2025

September 11, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (817)
  • Economy (836)
  • Entertainment (21,714)
  • General (16,991)
  • Health (9,879)
  • Lifestyle (850)
  • News (22,149)
  • People (839)
  • Politics (844)
  • Science (16,045)
  • Sports (21,336)
  • Technology (15,817)
  • World (819)

Recent News

Six Olympians on U.S. Men’s Roster for 2025 World Championship – USA Volleyball

Six Olympians Lead U.S. Men’s Roster for 2025 World Championship

September 12, 2025
Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

September 12, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version