Michael de la Merced - Profile and Journalist Details
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Michael de la Merced
Verified
Finance Reporter, The New York Times
New York, San Francisco, London
Beats
Content
By Michael de la Merced Verified| The New York Times Verified The Blackstone Group said on Thursday that it planned to convert itself into a standard corporation, becoming the latest investment firm to abandon its partnership structure in an effort to bolster its stock price. The investment giant said that it was converting into a so-called C corporation to expand ownership of its stock, opening up the possibility that it could be included in big mutual funds and stock indexes.
By Michael de la Merced Verified| The New York Times Verified Uber, like many other tech companies, is using a few creative terms to describe its business. We’ll try to translate them for you. It’s a timeworn tradition for technology companies to resort to an array of jargon and technical terms to describe their operations — especially if they’re not making a profit. There’s WeWork’s “community-adjusted Ebitda,” which strips out expenses like taxes and marketing.
By Michael de la Merced Verified| The New York Times Verified The Blackstone Group said on Thursday that it planned to convert itself into a standard corporation, becoming the latest investment firm to abandon its partnership structure in an effort to bolster its stock price. The investment giant said that it was converting into a so-called C corporation to expand ownership of its stock, opening up the possibility that it could be included in big mutual funds and stock indexes.
Company Info
The New York Times
New York, New York, United States
+1 800-698-4637