Subscribe

TOP TALENT LOST FROM FOUNDERS: MELLON LET EXECUTIVES TAKE THE MONEY AND RUN

When Founders Asset Management owner Bjorn Krogh "Erik" Borgen began shopping his Denver fund last year, it quickly…

When Founders Asset Management owner Bjorn Krogh "Erik" Borgen began shopping his Denver fund last year, it quickly became clear that price - not a cultural fit - would drive the deal.

Now buyer Mellon Bank Corp. appears to be replaying its 1993 acquisition of Boston Co., whose top managers bolted

Subscribe or log in to read the rest of this content.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Stock weakness adds to pressure as economy sags

A deteriorating economy and the prospect of a prolonged bear stock market spell further profit pressure for insurers.

A Sterling idea: Building and flipping adviser networks

Independent financial advisory firms are being targeted for acquisition by investors looking to roll up small advisory firms into larger businesses and then cash in on the sale of adviser networks.

Some investors can’t catch a break point

Some investors already reeling from the broad stock market slide are about to discover more bad news in this year's crop of mutual fund annual reports: higher management fees and expense ratios.

Cost of term life may rise in wake of attacks

The door may be closing on the opportunity to buy term life insurance at low rates, just as last month's terrorist attacks at the World Trade Center and the Pentagon may prompt many consumers to reassess their financial and insurance plans.

Sour economy drives sales boom

With a recession all but certain and the stock market already off 24% this year, sales of stodgy fixed annuities are booming.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print