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Executives Abandon Och-Ziff Following $13 Billion In Withdrawals And An 80% Share Price Decline

Executives Abandon Och-Ziff Following $13 Billion In Withdrawals And An 80% Share Price Decline

What is that saying about rats and sinking ships, we forget?  Irrespective, a trio of senior executives from Och-Ziff decided they've had enough fun after their fund lost $13 billion to withdrawals over the past 13 months and their stock tanked roughly 80%.

According to Bloomberg, among those departing are Drew Gillanders, a top European equity analyst; James Keith “JK” Brown, a partner and head of investor relations; and Paula Drake, chief compliance officer.

Saudi King Arrives In Japan: 10 Aircraft, 500 Limos, 500 Tons Of Luggage, 12,000 Hotel Rooms, 2 Golden Escalators

Saudi King Arrives In Japan: 10 Aircraft, 500 Limos, 500 Tons Of Luggage, 12,000 Hotel Rooms, 2 Golden Escalators

When Saudi King Salman bin Abdulaziz of Saudi Arabia visited Georgetown in September 2015, the Four Seasons hotel did some serious redecorating.  As we reported at the time, eyewitnesses at the luxury hotel had seen crates of gilded furniture and accessories being wheeled into the posh hotel over the past several days, culminating in a home-away-from-home fit for the billionaire Saudi monarch, who was in Washington then for his first White House meeting with President Barack Obama.

Germany's Chief Prosecutor To Start Probe Into Wikileaks-Exposed Frankfurt Cyber-Spy Hub

Germany's Chief Prosecutor To Start Probe Into Wikileaks-Exposed Frankfurt Cyber-Spy Hub

The Germans are once again angry at the Americans over spying. Just a few years after Obama's infamous apology for hacking Merkel's phone, Germany's chief federal prosecutor announced plans to carefully examine documents from Wikileaks (related to a secret CIA cyber-spy hub in Frankfurt), and will launch an investigation if it sees concrete indications of wrongdoing.

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