Valeant: The End of the Michael Pearson Era

Valeant Pharmaceuticals International, the corporate poster child for price-gouging, tax-inversion and hedge-fund manager wealth destruction quietly severed all ties with J. Michael Pearson, its former chief executive officer and longtime guiding light, in January according to its annual proxy statement filed this morning.

Synchronoss Technologies: The Friends and Family Plan

By any measure Dec. 6 was an extraordinary day for Synchronoss Technologies’ shareholders and employees. They woke up owning a stake in a company with a market capitalization above $2.2 billion, whose core software enabled consumers to activate, synchronize and store their mobile phone data. By day’s end, however, Bridgewater, New Jersey-based Synchronoss had purchased IntraLinks Holdings, an unprofitable data-room developer, for almost twice its then share price and said that it had struck a deal to sell its legacy business, the mobile-phone activation unit.

Canadian National Railway: The Great Railroad Construction Robbery

For much of the past two decades Canadian National Railway Co. has been credited with revolutionizing the North American railroad industry. A theory of former company chief executive E. Hunter Harrison — of “precision railroading” — made him an industry icon and his shareholders very happy. But in railroading, as in life, how one gets there matters.

Prospect Capital: The Enemy Within

John F. Barry III, the founder, chairman and chief executive of business development company Prospect Capital in Manhattan, can’t seem to get any respect.

The Enabler and the Lifeline: Diamond Resorts and Quorum FCU

Purchase, New York, is a woodsy, suburban hamlet on the Connecticut state line that’s known as much for its residents’ extraordinary wealth as it is for being the headquarters address for corporate heavyweights like MBIA, PepsiCo and MasterCard. The town is also home to Quorum Federal Credit Union, a small member-owned and tax-free cooperative; it has become a major lender to the vacation ownership interest business.

Bear Stearns and the Bodyguard of Lies

More than seven years after Bear Stearns’ collapse, its former senior leadership has pushed a narrative centering on the once-proud firm’s collapse having been unforeseeable.

Globus Medical’s Inside Job

In February of last year spinal orthopedic device maker Globus Medical purchased Branch Medical Group, a key supplier and contract manufacturing operation based just 3 miles away from its Audubon, Pennsylvania, headquarters. It was no ordinary deal.

The Cost of Standing in the Gap

A key aspect of being able to constantly report and write pieces that afflict the rich and powerful is having comprehensive insurance coverage in place.