If so, that school must be doing a Yeshiva. Doing a Yeshiva is slang for anxiously airbrushing a Merkin or a Madoff from the webpage listing your trustees or your executive committee or whatever when the Merkin or the Madoff gets in trouble with the law.
Big trouble.
Samberg of Pequot Capital is being investigated for trades in Microsoft shares in 2001, around the time he hired an employee from Microsoft. That employee didn’t stay long at the fund, but eventually got a $2 million payment from Pequot, which was disclosed in a recent divorce action. The payment rekindled the SEC’s interest in the on-again, off-again case.
When it got a big gift from him, Columbia Business School praised Samberg’s “commitment to cultivating ideas that will help business schools shape society.”
Insider trading. It’s an idea. An idea that shapes society.
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Update: They’ve got his name on a teaching excellence institute.
October 19th, 2009 at 8:42PM
I think they meant Pequod Capital.