Apollo Sued By Shareholder Over Payouts to Founders and More - Long Half Life of Epstein Scandal

 "Apollo Global Management was sued by an investor seeking information about $570 million in payments the private equity firm made to founders Leon Black, Josh Harris and Marc Rowan after Black’s ouster over his ties to sex offender Jeffrey Epstein." -  Financial Times, August 23, 2023

The plaintiff is pension fund Anguilla Social Security Board. It wants documents explaining those payouts made to the three founders plus Scott Kleinman and James Zeiter. Those were arranged and approved by Perella Weinberg Partners as part of the restructuring after the Epstein fallout. As a result of the scandal Black stepped down as CEO. Later he also gave up the Chairman title.

The plaintiff contends the arrangement contained conflicts and procedural unfairness.

So, as CEO succeeding Black Rowan has been nicely distancing himself from Epstein Past that old issue has hit the headlines again. 

Is the lesson in this for leaders: Your associations can put the whole organization in reputational peril and more. Once at that level of corporate responsibility the private and professional merge.

Data or the gut for your careers and communications? Both of course. Complimentary consultation with intuitive coach, content-creator, and Tarot reader Jane Genova (text 202-468-8579, janegenova374@gmail.com).


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