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(Reuters) -Rupert Murdoch has lost a bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan, the New York Times reported on Monday, citing a ...
The New York Times reported Monday that Murdoch’s bid to ensure Lachlan had control over the companies was rejected by Edmund J. Gorman Jr, a commissioner in probate court in Las Vegas, where ...
Rupert Murdoch cannot amend his family trust to put the power of his media companies in the hands of his chosen successor, a Nevada commissioner has ruled. ... Rupert Murdoch in New York City on ...
In June 2024, Nevada Second Judicial District Court probate commissioner Edmund Gorman Jr. ruled that Murdoch could amend the trust if he could argue that "he is acting in good faith and for the sole benefit of his heirs," according to The New York Times, [3] which also reported that Rupert Murdoch Snr wants his companies to remain politically ...
Willett Advisors LLC (Willett) is an investment firm based in New York City that serves as the family office of Bloomberg L.P. owner and former mayor of New York City, Michael Bloomberg. It is currently managed by Quadrangle Group co-founder Steven Rattner.
[3] [32] Though The New York Times Company is public, all voting shares are controlled by the Ochs-Sulzberger Family Trust. SEC filings state the trust's "primary objective" is that the Times continues "as an independent newspaper, entirely fearless, free of ulterior influence and unselfishly devoted to the public welfare". [17]
Ulatan Holdings Inc (UGI Capital Fund) Family Office Holdings: $191.6 million: WSJ [8] Tremont Capital Management (Tremont Group) US fund of hedge funds: $190 million: firm statement M&B Capital Advisers: Spanish money manager: $187.9 million: El Mundo: Jerome Fisher (Nine West founder) individual: $150 million: media reports [citation needed]
A trust fund left for Manville by his family purportedly "guaranteed him $250,000 when he married." In a 1995 article, The New York Times reported that Manville would "pay the woman $50,000, pocket $200,000, get a quickie divorce and then, when he needed more money, he'd get married again."