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The private equity firm has found that Apollo’s chief executive and chairman, Leon Black, had paid $US150 million ($195 million) to convicted sex offender Jeffrey Epstein.
Black hangs on at Apollo as Epstein scandal costs him CEO role
Heather Perlberg, Bloomberg News Jeffrey Epstein and Leon Black Photographer: Stephanie Keith and Patrick T. Fallon/Bloomberg/Getty Images , Photographer: Stephanie Keith and Patrick T. Fallon/Bloomberg/Getty Images
In the end, it was two against one the ultimate power play by Leon Black, one of Wall Streetâs ultimate power-players.
After months of ugly headlines about his business dealings with notorious sex offender Jeffrey Epstein, Black himself orchestrated a plan to remove the taint from Apollo Global Management without completely letting go of the company he built.
Leon Black’s Jeffrey Epstein Links Costs Him CEO Role at Apollo
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February 26, 2021 Leon Black, one of
Wall Street’s ultimate power-players. After months of ugly headlines about his business dealings with notorious sex offender
Jeffrey Epstein, Black himself orchestrated a plan to remove the taint from
Apollo Global Management without completely letting go of the company he built.
Black and one of his lieutenants,
Marc Rowan, would join forces against the partner they viewed as the wrong pick for the Apollo throne. Rowan would get the keys to the kingdom, while his colleague and rival,