New York City is taking major steps toward divesting from fossil fuels by hiring investment advisors to review three of its pension plans and make recommendations about divestment. Combined, the three plans have more than $155 billion in assets under management, of which approximately $3 billion is invested in fossil fuel reserve owners’ securities. The […]
When the potential acquisition of a start-up is heavily tied to the financial wellbeing of its founder, it can make the business vulnerable to deals that devalue the company. According to a new paper out of Yeshiva University, founders naturally own a large portion of the equity in their companies in the early stages, making […]