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Vista Equity’s Robert Smith Said to Reach Settlement With DOJ

By Laura Mandaro
· · Source: The Wall Street Journal

Vista Equity CEO Robert F. Smith, who amassed a private equity fortune by taking over and revamping software companies, has reached a $140 million settlement with the Department of Justice over a criminal tax probe, the Wall Street Journal reported Wednesday. For four years, the Justice Department has been investigating whether Smith avoided paying U.S. taxes on more than $200 million in...

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The Role of Tech Founders in Stock Performance: The Information’s Tech Briefing
By The Information Staff · Oct. 19, 2020 5:30 PM PDT
The Role of Tech Founders in Stock Performance: The Information’s Tech Briefing

Are founder-led firms necessarily better bets for investors than those led by managers? An article on Reuters concluded as much, reporting that “Major founder-led tech firms have seen their share prices double so far this year, comfortably beating a 7.8% gain for the S&P 500 index” and also doing better than those led by hired hands. The report focused on Netflix, Amazon and ...

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SPAC Pioneer Is Vindicated by Boom, Even as Bigger Banks Take Over Market
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SPAC Pioneer Is Vindicated by Boom, Even as Bigger Banks Take Over Market
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Data Point Policy E-commerce
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The Briefing
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Cover Wall Street for The Information!
By The Information Staff
If you’re interested in how the capital markets work, and you love the tech industry, The Information has a job for you.