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    1. A Founder who Sold his Company for $260 Million is Being Sued by the Company that Bought it (CSC)

      A Founder who Sold his Company for $260 Million is Being Sued by the Company that Bought it (CSC)

      These are strange times for the 56-year-old IT giant, Computer Sciences Corp. CSC has filed a lawsuit accusing one of its star executives, Eric Pulier of fraud connected to an alleged bribery scandal in Australia. CSC is accusing Pulier — former CEO of ServiceMesh, which CSC bought — of making "authorized payments" to two Australian bank executives. The company is seeking to recoup the full $98 million it paid to ServiceMesh shareholders, according to a CSC statement cited by Forbes...

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    2. A Hedge Fund Manager's Meeting With Uber's CFO Perfectly Captures What's Wrong with Corporate America

      A Hedge Fund Manager's Meeting With Uber's CFO Perfectly Captures What's Wrong with Corporate America

      Some of Wall Street's hedge-fund community is becoming increasingly vocal about a serious problem with corporate America. Mike Novogratz, president of $70 billion investment fund Fortress Investments, gave a perfect illustration of this problem on Sunday's episode of "Wall Street Week. " The anecdote was about a meeting he'd had with the former CFO of Uber, Brent Callinicos. Novogratz didn't mention Callinicos by name, referring to him only as "Uber's CFO.

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    3. Bill Ackman Has Two Undisclosed Positions, and One of Them is Massive

      Bill Ackman Has Two Undisclosed Positions, and One of Them is Massive

      Hedge fund titan Bill Ackman, the CEO of the $20 billion fund Pershing Square Capital, says his firm has two new investments that it has yet to disclose. During a conference call with Pershing Square Holdings investors on Monday morning, the hedge fund billionaire said he would have a "little more update" on the investments at the end of May. One investment is small and the other is large, he added. Ackman said the large one was "approaching 15% of capital...

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    4. American Apparel Sues Charney for Violating Standstill Agreement

      American Apparel Sues Charney for Violating Standstill Agreement

      (Reuters) - Apparel retailer American Apparel Inc sued its ousted chief executive Dov Charney for violating his standstill agreement with the company. The company said on Friday it has filed a suit with the Delaware Court of Chancery. Charney on Wednesday sued the company and Chairman Colleen Brown, alleging defamation and mental and emotional distress...

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      Mentions: Chairman
    5. The CEO of Frontier Airlines is Out

      The CEO of Frontier Airlines is Out

      The CEO of Frontier Airlines has resigned and been replaced by the carrier's chairman and president. Frontier said Wednesday that Dave Siegel stepped down for personal reasons. Siegel's departure comes two days after the government said that Frontier had the highest complaint rate and the worst on-time performance among the nation's 14 leading airlines in March...

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      Mentions: CEO Chairman
    6. Steve Wynn Won't Have to Deal with his Ex-Wife on the Wynn Resorts Board Anymore

      Steve Wynn Won't Have to Deal with his Ex-Wife on the Wynn Resorts Board Anymore

      She fought a good fight, but Steve Wynn's ex-wife, Elaine, has been ousted from the Wynn Resorts board.  After more than 12 years as a director at the casino company, Elaine Wynn was not renominated to the board earlier this year. Wynn, who was reportedly shocked, renominated herself and went on to launch a re-election campaign...

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