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Bruce Karsh

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  • Saudi royal's Benedict Canyon home would require environmental review

    Saudi royal's Benedict Canyon home would require environmental review
    A California court Friday threw up a roadblock to the vast compound a Saudi Arabian prince hopes to build in Benedict Canyon, a project opposed by the billionaires next door and hundreds of residents nearby.
  • Los Angeles' Oaktree names former AIG executive as first CEO

    Los Angeles-based distressed-debt manager Oaktree Capital Group on Monday named its first CEO: former AIG executive Jay Wintrob. Wintrob, who left AIG last month, will become chief executive Nov. 1, the company said in a statement. Wintrob has served on...

    Bidding for Clippers was 'like speed dating'

    Bidding for Clippers was 'like speed dating'
    The billionaire suitors came one after another, pulling up to the beachfront mansion just steps up the coast from the exclusive Malibu Colony. A lucky few had been asked to meet with Shelly Sterling — the Clippers were for sale. Steve Ballmer...

    Shelly Sterling reportedly trying to sell the Clippers, and quickly

     Shelly Sterling reportedly trying to sell the Clippers, and quickly
    Los Angeles Clippers co-owner Shelly Sterling is mounting a hurried sale of the team that her husband, Donald, bought 33 years ago and could name a prospective new owner by the end of the week, according to people familiar with the situation. Shelly...

    At least 3 groups make offers in initial round of bidding on Clippers

    An initial round of bidding for the Los Angeles Clippers closed Wednesday with at least three potential buyers making offers and predicting that the winner will pay well over $1 billion, according to three people involved in the sale. Team co-owner...