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shan111

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2023-04-03

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Hi

Bed Bath & Beyond Nears Final Loan Terms With Sixth Street

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08:21","market":"us","language":"en","title":"Bed Bath & Beyond Nears Final Loan Terms With Sixth Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2262677508","media":"Reuters","summary":"Bed Bath & Beyond Inc is nearing final terms with investment firm Sixth Street that would provide th","content":"<html><head></head><body><p>Bed Bath &amp; Beyond Inc is nearing final terms with investment firm Sixth Street that would provide the home goods chain a loan of around $370 million, a person familiar with the matter said on Wednesday.</p><p>The company did not immediately respond to a request for comment from Reuters. Shares fell 2% in extended trading after closing 18% higher on Wednesday.</p><p>Earlier this month, Bed Bath said in a regulatory filing it was working with financial advisers and lenders on strengthening its balance sheet, an admission that it needs to raise capital to stay afloat.</p><p>It had long-term debt totaling $1.38 billion and only $107.5 million in cash as of May end.</p><p>Sixth Street has also provided capital to DSW Designer Shoe Warehouse chain owner Designer Brands, clothing retailer Maurices and department store operator J.C. Penney in the sector.</p><p>The embattled retailer has also made headlines with billionaire investor Ryan Cohen selling his entire 9.8% stake five months after amassing it and pushing for changes, drawing the ire of retail investors.</p><p>Bed Bath &amp; Beyond in recent days has also ousted its top boss, changed some board directors and said it would explore shedding its baby products division.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bed Bath & Beyond Nears Final Loan Terms With Sixth Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBed Bath & Beyond Nears Final Loan Terms With Sixth Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-25 08:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-bed-bath-beyond-nears-223503779.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bed Bath & Beyond Inc is nearing final terms with investment firm Sixth Street that would provide the home goods chain a loan of around $370 million, a person familiar with the matter said on ...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-bed-bath-beyond-nears-223503779.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居"},"source_url":"https://finance.yahoo.com/news/1-bed-bath-beyond-nears-223503779.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262677508","content_text":"Bed Bath & Beyond Inc is nearing final terms with investment firm Sixth Street that would provide the home goods chain a loan of around $370 million, a person familiar with the matter said on Wednesday.The company did not immediately respond to a request for comment from Reuters. Shares fell 2% in extended trading after closing 18% higher on Wednesday.Earlier this month, Bed Bath said in a regulatory filing it was working with financial advisers and lenders on strengthening its balance sheet, an admission that it needs to raise capital to stay afloat.It had long-term debt totaling $1.38 billion and only $107.5 million in cash as of May end.Sixth Street has also provided capital to DSW Designer Shoe Warehouse chain owner Designer Brands, clothing retailer Maurices and department store operator J.C. 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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1658019535,"share":"https://ttm.financial/m/news/2251415343?lang=&edition=fundamental","pubTime":"2022-07-17 08:58","market":"us","language":"en","title":"Elon Musk's Inner Circle Rocked by Fight Over His $230 Billion Fortune","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415343","media":"Dow Jones","summary":"Late last year, Jared Birchall cornered his boss, Elon Musk.Mr. Birchall, a straight-laced, 48-year-","content":"<html><head></head><body><p>Late last year, Jared Birchall cornered his boss, Elon Musk.</p><p>Mr. Birchall, a straight-laced, 48-year-old wealth manager who rose to become Mr. Musk&#39;s top deputy and the head of his family office, had growing concerns about a new power player in the Tesla Inc. CEO&#39;s orbit.</p><p>Mr. Musk was increasingly relying on a new adviser, a 34-year-old, Russian-born ex-professional gambler named Igor Kurganov. Mr. Kurganov spent some of the pandemic sleeping in Mr. Musk&#39;s home, where they chatted late into the night about how the world&#39;s richest person might use his fortune to help shape the planet through a giving strategy known as &#34;effective altruism.&#34;</p><p>Mr. Kurganov had no experience in finance or security but was suddenly a central figure in both areas for Mr. Musk. He had moved from London to Texas and replaced some of Mr. Musk&#39;s protection detail with new hires of his own. Not long after, the Tesla CEO told Mr. Birchall that he was so taken by the younger man&#39;s ideas that he wanted to leave him in charge of his charitable giving, dispersing funds from Mr. Musk&#39;s vast private fortune, currently around $230 billion, as he saw fit.</p><p>&#34;Elon,&#34; Mr. Birchall told his boss, according to three people briefed afterward. &#34;You can&#39;t.&#34;</p><p>The clash between the two men, and their dueling efforts to gain the upper hand with Mr. Musk, provides a peek into the often tumultuous private workings of Mr. Musk&#39;s inner circle. As Mr. Musk&#39;s breakneck, $44 billion bid for Twitter shows, the entrepreneur can be prone to quick decisions, ones that he can reverse just as quickly as he makes them. That deal is now in peril, with Mr. Musk trying to walk away and Twitter suing him to complete it.</p><p>All the while he is egged on by a rotating crew of investors, underlings and ever-changing friends whose power and personal wealth is closely tied to their proximity to Mr. Musk, according to people who do business with him.</p><p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> men in particular have pulled the Tesla CEO in opposing directions.</p><p>Mr. Birchall is an Eagle Scout and practicing Mormon who doesn&#39;t smoke or drink and grew up traveling California as part of a song-and-dance troupe called &#34;The Birchall Family Singers.&#34; He declined to be interviewed through a representative of Mr. Musk&#39;s foundation.</p><p>Mr. Kurganov is a high-roller with a reported more than $18 million in poker winnings, with long hair and beard and a peaceful demeanor. He has said in a podcast interview that he dropped out of college because he was smoking too much marijuana. He didn&#39;t respond to requests for comment.</p><p>Last winter, Mr. Musk came to a compromise between the two. He allowed Mr. Kurganov to oversee $5.7 billion in Tesla shares that the CEO pledged late last year to eventually donate to charity. The rest of Mr. Musk&#39;s overall fortune remained under Mr. Birchall&#39;s purview.</p><p>That decision wasn&#39;t, however, the end of the fracas.</p><p>This account is based on interviews with more than a dozen people close to Messrs. Musk, Birchall and Kurganov, including associates of the Musk Foundation and investors.</p><h2>Ultimate fixer</h2><p>For a man of immense resources, Mr. Musk is a minnow in the world of big-dollar philanthropy. Compared with other magnates such as Microsoft Corp. co-founder Bill Gates and Amazon.com Inc. founder Jeff Bezos, whose wealth, like Mr. Musk&#39;s, is tied up in shares of their companies, Mr. Musk has said little concrete about his approach to giving. He didn&#39;t respond to requests for comment.</p><p>Mr. Musk&#39;s personal foundation gave away $23.6 million in fiscal 2020, the most recent year for which data is available, filings show. That represented roughly 0.02% of his net worth as of the end of that year, according to Forbes rankings.</p><p>Though Mr. Musk is known to favor his own counsel most of all, the man in charge of his foundation since 2016 has been Mr. Birchall, one of the longest standing in his inner circle.</p><p>The alliance reflects Mr. Birchall&#39;s role as the ultimate fixer for Mr. Musk, taking care of matters large and small. In addition to handling billions in assets, Mr. Birchall in 2018 under a pseudonym registered the website www.justballs.com, for example, after Mr. Musk mused online that he might want to own the domain name someday, legal documents show.</p><p>Mr. Birchall entered the technology world through finance. After his brief singing stint with his siblings -- he is one of 11 children -- he attended Brigham Young University.</p><p>He then spent a year at Merrill Lynch, where he was discharged for what the firm described in a filing as &#34;sending correspondence to a client without management approval.&#34;</p><p>Mr. Birchall eventually moved into private wealth and crossed paths with Mr. Musk about a decade ago while working as a client adviser in <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>&#39;s southern California offices. There, he impressed Mr. Musk by helping arrange hundreds of millions of dollars of loans from the investment bank at a time when the Tesla co-founder was strapped for cash, a person close to Mr. Musk says. When Mr. Musk started a private firm to manage his own money roughly six years ago, he tapped Mr. Birchall to run it.</p><p>Mr. Birchall&#39;s work for Mr. Musk has at times led him into strange public controversies and lawsuits. After a British spelunker criticized Mr. Musk&#39;s offer to help rescue a youth soccer team trapped in a flooded Thailand cave in 2018, Mr. Birchall created a fake email address under the name &#34;James Brickhouse&#34; to hire a private investigator to investigate the man, according to court documents.</p><p>Mr. Musk subsequently called the man &#34;pedo guy&#34; in a tweet, though he later apologized and said it was a joking taunt. The spelunker unsuccessfully sued Mr. Musk for defamation in a Los Angeles federal court.</p><p>In addition to his role helping manage Mr. Musk&#39;s fortune, Mr. Birchall is also a director of his tunneling startup, Boring Co., and chief executive officer of Mr. Musk&#39;s Neuralink, which aims to make a brain implant that could be used by quadriplegic patients to control a computer or other devices.</p><p>When Mr. Musk announced in 2020 he would move from California to Texas, Mr. Birchall moved his family there, too. He has since become the closest thing Mr. Musk has to a public face in the Texas capital, handling business and attending events on Mr. Musk&#39;s behalf.</p><p>&#34;No one else you reach out to who is close to Elon is going to return your calls,&#34; says Tyson Tuttle, former chief executive of Austin semiconductor manufacturer Silicon Labs.</p><h2>&#39;Make big moves&#39;</h2><p>Mr. Kurganov first became friendly with Mr. Musk socially.</p><p>Born in Russia but raised in Germany from age 4 by parents who were engineers by trade, Mr. Kurganov grew up in a working class, immigrant household, according to an interview he gave to the Paul Phua Poker podcast.</p><p>In his 20s, he gained a level of fame as a professional poker player. Beginning around a decade ago, he began playing high-stakes tournaments in Las Vegas and racking up wins, fellow poker players say. He earned particular renown in 2012 when he won a EUR1,080,000 purse in Monte Carlo.</p><p>He was known as an aggressive player, and had the respect of his fellow pros, the players say. &#34;Igor had a willingness to play a lot of hands and make big moves,&#34; says one of them, Dan Smith.</p><p>Though he was spending much of his time in Las Vegas, his personality didn&#39;t match the city&#39;s loud stereotypes. One person who knows him says he was often drawn into long, philosophical conversations on topics such as the rise of artificial intelligence in poker. Mr. Kurganov was concerned that a computer program could be built that could beat even the most talented human player.</p><p>Ging Masinda, a Las Vegas marketer and acquaintance of Mr. Kurganov, says the flashiest thing about him is that he sometimes wears eyeliner. &#34;There&#39;s a kid in him,&#34; she says.</p><p>In a 2015 interview on the Poker Life Podcast, he said he was developing an accounting app for poker players. He also co-founded the organization Raising for Effective Giving, designed to help poker players, as well as fantasy-sports players and finance professionals, find the right charities to which to donate their winnings, according to archived webpages.</p><p>REG was focused on effective altruism, an approach to giving that suggests that inherently subjective qualities such as relative charitable need can be quantified. It&#39;s still a niche approach, because many charitable experts say it can encourage an impersonal, utilitarian approach to complicated moral issues.</p><p>Mr. Kurganov&#39;s social life, the fellow poker players say, revolved around his longtime partner, fellow professional poker player Liv Boeree. Ms. Boeree has long been friends with the recording artist Grimes, who was first romantically linked to Mr. Musk in 2018. Around the same time, Mr. Musk made Ms. Boeree one of the handful of people he follows on Twitter.</p><p>&#34;She was elated&#34; about the follow, according to Joe Stapleton, a poker commentator who spoke to her about it.</p><p>The two couples began spending time together. Messrs. Musk and Kurganov bonded over a shared love of Burning Man, the free-spirited desert festival that both regularly attend. Ms. Boeree, meanwhile, stayed close with Grimes; the two women posted photos together on social media. Ms. Boeree didn&#39;t respond to requests for comment, and Grimes, whose legal name is Claire Boucher, couldn&#39;t be reached.</p><p>The introduction to Mr. Musk came as Mr. Kurganov was soon to retire from professional poker with millions in personal winnings. Yet his poker accounting app had never gotten off the ground, and REG remained small-fry in terms of the amount of money it directed.</p><p>REG said on its website that it directed $3.1 million in charitable giving in 2019, the most recent year mentioned, which the organization said &#34;reflects all donations that have been significantly influenced by us.&#34; The amount couldn&#39;t be independently verified. REG didn&#39;t respond to requests for comment.</p><p>Copyright (c) 2022 Dow Jones &amp; Company, Inc.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk's Inner Circle Rocked by Fight Over His $230 Billion Fortune</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk's Inner Circle Rocked by Fight Over His $230 Billion Fortune\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-17 08:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Late last year, Jared Birchall cornered his boss, Elon Musk.</p><p>Mr. Birchall, a straight-laced, 48-year-old wealth manager who rose to become Mr. Musk&#39;s top deputy and the head of his family office, had growing concerns about a new power player in the Tesla Inc. CEO&#39;s orbit.</p><p>Mr. Musk was increasingly relying on a new adviser, a 34-year-old, Russian-born ex-professional gambler named Igor Kurganov. Mr. Kurganov spent some of the pandemic sleeping in Mr. Musk&#39;s home, where they chatted late into the night about how the world&#39;s richest person might use his fortune to help shape the planet through a giving strategy known as &#34;effective altruism.&#34;</p><p>Mr. Kurganov had no experience in finance or security but was suddenly a central figure in both areas for Mr. Musk. He had moved from London to Texas and replaced some of Mr. Musk&#39;s protection detail with new hires of his own. Not long after, the Tesla CEO told Mr. Birchall that he was so taken by the younger man&#39;s ideas that he wanted to leave him in charge of his charitable giving, dispersing funds from Mr. Musk&#39;s vast private fortune, currently around $230 billion, as he saw fit.</p><p>&#34;Elon,&#34; Mr. Birchall told his boss, according to three people briefed afterward. &#34;You can&#39;t.&#34;</p><p>The clash between the two men, and their dueling efforts to gain the upper hand with Mr. Musk, provides a peek into the often tumultuous private workings of Mr. Musk&#39;s inner circle. As Mr. Musk&#39;s breakneck, $44 billion bid for Twitter shows, the entrepreneur can be prone to quick decisions, ones that he can reverse just as quickly as he makes them. That deal is now in peril, with Mr. Musk trying to walk away and Twitter suing him to complete it.</p><p>All the while he is egged on by a rotating crew of investors, underlings and ever-changing friends whose power and personal wealth is closely tied to their proximity to Mr. Musk, according to people who do business with him.</p><p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> men in particular have pulled the Tesla CEO in opposing directions.</p><p>Mr. Birchall is an Eagle Scout and practicing Mormon who doesn&#39;t smoke or drink and grew up traveling California as part of a song-and-dance troupe called &#34;The Birchall Family Singers.&#34; He declined to be interviewed through a representative of Mr. Musk&#39;s foundation.</p><p>Mr. Kurganov is a high-roller with a reported more than $18 million in poker winnings, with long hair and beard and a peaceful demeanor. He has said in a podcast interview that he dropped out of college because he was smoking too much marijuana. He didn&#39;t respond to requests for comment.</p><p>Last winter, Mr. Musk came to a compromise between the two. He allowed Mr. Kurganov to oversee $5.7 billion in Tesla shares that the CEO pledged late last year to eventually donate to charity. The rest of Mr. Musk&#39;s overall fortune remained under Mr. Birchall&#39;s purview.</p><p>That decision wasn&#39;t, however, the end of the fracas.</p><p>This account is based on interviews with more than a dozen people close to Messrs. Musk, Birchall and Kurganov, including associates of the Musk Foundation and investors.</p><h2>Ultimate fixer</h2><p>For a man of immense resources, Mr. Musk is a minnow in the world of big-dollar philanthropy. Compared with other magnates such as Microsoft Corp. co-founder Bill Gates and Amazon.com Inc. founder Jeff Bezos, whose wealth, like Mr. Musk&#39;s, is tied up in shares of their companies, Mr. Musk has said little concrete about his approach to giving. He didn&#39;t respond to requests for comment.</p><p>Mr. Musk&#39;s personal foundation gave away $23.6 million in fiscal 2020, the most recent year for which data is available, filings show. That represented roughly 0.02% of his net worth as of the end of that year, according to Forbes rankings.</p><p>Though Mr. Musk is known to favor his own counsel most of all, the man in charge of his foundation since 2016 has been Mr. Birchall, one of the longest standing in his inner circle.</p><p>The alliance reflects Mr. Birchall&#39;s role as the ultimate fixer for Mr. Musk, taking care of matters large and small. In addition to handling billions in assets, Mr. Birchall in 2018 under a pseudonym registered the website www.justballs.com, for example, after Mr. Musk mused online that he might want to own the domain name someday, legal documents show.</p><p>Mr. Birchall entered the technology world through finance. After his brief singing stint with his siblings -- he is one of 11 children -- he attended Brigham Young University.</p><p>He then spent a year at Merrill Lynch, where he was discharged for what the firm described in a filing as &#34;sending correspondence to a client without management approval.&#34;</p><p>Mr. Birchall eventually moved into private wealth and crossed paths with Mr. Musk about a decade ago while working as a client adviser in <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>&#39;s southern California offices. There, he impressed Mr. Musk by helping arrange hundreds of millions of dollars of loans from the investment bank at a time when the Tesla co-founder was strapped for cash, a person close to Mr. Musk says. When Mr. Musk started a private firm to manage his own money roughly six years ago, he tapped Mr. Birchall to run it.</p><p>Mr. Birchall&#39;s work for Mr. Musk has at times led him into strange public controversies and lawsuits. After a British spelunker criticized Mr. Musk&#39;s offer to help rescue a youth soccer team trapped in a flooded Thailand cave in 2018, Mr. Birchall created a fake email address under the name &#34;James Brickhouse&#34; to hire a private investigator to investigate the man, according to court documents.</p><p>Mr. Musk subsequently called the man &#34;pedo guy&#34; in a tweet, though he later apologized and said it was a joking taunt. The spelunker unsuccessfully sued Mr. Musk for defamation in a Los Angeles federal court.</p><p>In addition to his role helping manage Mr. Musk&#39;s fortune, Mr. Birchall is also a director of his tunneling startup, Boring Co., and chief executive officer of Mr. Musk&#39;s Neuralink, which aims to make a brain implant that could be used by quadriplegic patients to control a computer or other devices.</p><p>When Mr. Musk announced in 2020 he would move from California to Texas, Mr. Birchall moved his family there, too. He has since become the closest thing Mr. Musk has to a public face in the Texas capital, handling business and attending events on Mr. Musk&#39;s behalf.</p><p>&#34;No one else you reach out to who is close to Elon is going to return your calls,&#34; says Tyson Tuttle, former chief executive of Austin semiconductor manufacturer Silicon Labs.</p><h2>&#39;Make big moves&#39;</h2><p>Mr. Kurganov first became friendly with Mr. Musk socially.</p><p>Born in Russia but raised in Germany from age 4 by parents who were engineers by trade, Mr. Kurganov grew up in a working class, immigrant household, according to an interview he gave to the Paul Phua Poker podcast.</p><p>In his 20s, he gained a level of fame as a professional poker player. Beginning around a decade ago, he began playing high-stakes tournaments in Las Vegas and racking up wins, fellow poker players say. He earned particular renown in 2012 when he won a EUR1,080,000 purse in Monte Carlo.</p><p>He was known as an aggressive player, and had the respect of his fellow pros, the players say. &#34;Igor had a willingness to play a lot of hands and make big moves,&#34; says one of them, Dan Smith.</p><p>Though he was spending much of his time in Las Vegas, his personality didn&#39;t match the city&#39;s loud stereotypes. One person who knows him says he was often drawn into long, philosophical conversations on topics such as the rise of artificial intelligence in poker. Mr. Kurganov was concerned that a computer program could be built that could beat even the most talented human player.</p><p>Ging Masinda, a Las Vegas marketer and acquaintance of Mr. Kurganov, says the flashiest thing about him is that he sometimes wears eyeliner. &#34;There&#39;s a kid in him,&#34; she says.</p><p>In a 2015 interview on the Poker Life Podcast, he said he was developing an accounting app for poker players. He also co-founded the organization Raising for Effective Giving, designed to help poker players, as well as fantasy-sports players and finance professionals, find the right charities to which to donate their winnings, according to archived webpages.</p><p>REG was focused on effective altruism, an approach to giving that suggests that inherently subjective qualities such as relative charitable need can be quantified. It&#39;s still a niche approach, because many charitable experts say it can encourage an impersonal, utilitarian approach to complicated moral issues.</p><p>Mr. Kurganov&#39;s social life, the fellow poker players say, revolved around his longtime partner, fellow professional poker player Liv Boeree. Ms. Boeree has long been friends with the recording artist Grimes, who was first romantically linked to Mr. Musk in 2018. Around the same time, Mr. Musk made Ms. Boeree one of the handful of people he follows on Twitter.</p><p>&#34;She was elated&#34; about the follow, according to Joe Stapleton, a poker commentator who spoke to her about it.</p><p>The two couples began spending time together. Messrs. Musk and Kurganov bonded over a shared love of Burning Man, the free-spirited desert festival that both regularly attend. Ms. Boeree, meanwhile, stayed close with Grimes; the two women posted photos together on social media. Ms. Boeree didn&#39;t respond to requests for comment, and Grimes, whose legal name is Claire Boucher, couldn&#39;t be reached.</p><p>The introduction to Mr. Musk came as Mr. Kurganov was soon to retire from professional poker with millions in personal winnings. Yet his poker accounting app had never gotten off the ground, and REG remained small-fry in terms of the amount of money it directed.</p><p>REG said on its website that it directed $3.1 million in charitable giving in 2019, the most recent year mentioned, which the organization said &#34;reflects all donations that have been significantly influenced by us.&#34; The amount couldn&#39;t be independently verified. REG didn&#39;t respond to requests for comment.</p><p>Copyright (c) 2022 Dow Jones &amp; Company, Inc.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","BK4550":"红杉资本持仓","BK4555":"新能源车","BK4534":"瑞士信贷持仓","BK4581":"高盛持仓","TWTR":"Twitter","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4099":"汽车制造商","BK4574":"无人驾驶","BK4511":"特斯拉概念","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4527":"明星科技股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2251415343","content_text":"Late last year, Jared Birchall cornered his boss, Elon Musk.Mr. Birchall, a straight-laced, 48-year-old wealth manager who rose to become Mr. Musk's top deputy and the head of his family office, had growing concerns about a new power player in the Tesla Inc. CEO's orbit.Mr. Musk was increasingly relying on a new adviser, a 34-year-old, Russian-born ex-professional gambler named Igor Kurganov. Mr. Kurganov spent some of the pandemic sleeping in Mr. Musk's home, where they chatted late into the night about how the world's richest person might use his fortune to help shape the planet through a giving strategy known as \"effective altruism.\"Mr. Kurganov had no experience in finance or security but was suddenly a central figure in both areas for Mr. Musk. He had moved from London to Texas and replaced some of Mr. Musk's protection detail with new hires of his own. Not long after, the Tesla CEO told Mr. Birchall that he was so taken by the younger man's ideas that he wanted to leave him in charge of his charitable giving, dispersing funds from Mr. Musk's vast private fortune, currently around $230 billion, as he saw fit.\"Elon,\" Mr. Birchall told his boss, according to three people briefed afterward. \"You can't.\"The clash between the two men, and their dueling efforts to gain the upper hand with Mr. Musk, provides a peek into the often tumultuous private workings of Mr. Musk's inner circle. As Mr. Musk's breakneck, $44 billion bid for Twitter shows, the entrepreneur can be prone to quick decisions, ones that he can reverse just as quickly as he makes them. That deal is now in peril, with Mr. Musk trying to walk away and Twitter suing him to complete it.All the while he is egged on by a rotating crew of investors, underlings and ever-changing friends whose power and personal wealth is closely tied to their proximity to Mr. Musk, according to people who do business with him.Two men in particular have pulled the Tesla CEO in opposing directions.Mr. Birchall is an Eagle Scout and practicing Mormon who doesn't smoke or drink and grew up traveling California as part of a song-and-dance troupe called \"The Birchall Family Singers.\" He declined to be interviewed through a representative of Mr. Musk's foundation.Mr. Kurganov is a high-roller with a reported more than $18 million in poker winnings, with long hair and beard and a peaceful demeanor. He has said in a podcast interview that he dropped out of college because he was smoking too much marijuana. He didn't respond to requests for comment.Last winter, Mr. Musk came to a compromise between the two. He allowed Mr. Kurganov to oversee $5.7 billion in Tesla shares that the CEO pledged late last year to eventually donate to charity. The rest of Mr. Musk's overall fortune remained under Mr. Birchall's purview.That decision wasn't, however, the end of the fracas.This account is based on interviews with more than a dozen people close to Messrs. Musk, Birchall and Kurganov, including associates of the Musk Foundation and investors.Ultimate fixerFor a man of immense resources, Mr. Musk is a minnow in the world of big-dollar philanthropy. Compared with other magnates such as Microsoft Corp. co-founder Bill Gates and Amazon.com Inc. founder Jeff Bezos, whose wealth, like Mr. Musk's, is tied up in shares of their companies, Mr. Musk has said little concrete about his approach to giving. He didn't respond to requests for comment.Mr. Musk's personal foundation gave away $23.6 million in fiscal 2020, the most recent year for which data is available, filings show. That represented roughly 0.02% of his net worth as of the end of that year, according to Forbes rankings.Though Mr. Musk is known to favor his own counsel most of all, the man in charge of his foundation since 2016 has been Mr. Birchall, one of the longest standing in his inner circle.The alliance reflects Mr. Birchall's role as the ultimate fixer for Mr. Musk, taking care of matters large and small. In addition to handling billions in assets, Mr. Birchall in 2018 under a pseudonym registered the website www.justballs.com, for example, after Mr. Musk mused online that he might want to own the domain name someday, legal documents show.Mr. Birchall entered the technology world through finance. After his brief singing stint with his siblings -- he is one of 11 children -- he attended Brigham Young University.He then spent a year at Merrill Lynch, where he was discharged for what the firm described in a filing as \"sending correspondence to a client without management approval.\"Mr. Birchall eventually moved into private wealth and crossed paths with Mr. Musk about a decade ago while working as a client adviser in Morgan Stanley's southern California offices. There, he impressed Mr. Musk by helping arrange hundreds of millions of dollars of loans from the investment bank at a time when the Tesla co-founder was strapped for cash, a person close to Mr. Musk says. When Mr. Musk started a private firm to manage his own money roughly six years ago, he tapped Mr. Birchall to run it.Mr. Birchall's work for Mr. Musk has at times led him into strange public controversies and lawsuits. After a British spelunker criticized Mr. Musk's offer to help rescue a youth soccer team trapped in a flooded Thailand cave in 2018, Mr. Birchall created a fake email address under the name \"James Brickhouse\" to hire a private investigator to investigate the man, according to court documents.Mr. Musk subsequently called the man \"pedo guy\" in a tweet, though he later apologized and said it was a joking taunt. The spelunker unsuccessfully sued Mr. Musk for defamation in a Los Angeles federal court.In addition to his role helping manage Mr. Musk's fortune, Mr. Birchall is also a director of his tunneling startup, Boring Co., and chief executive officer of Mr. Musk's Neuralink, which aims to make a brain implant that could be used by quadriplegic patients to control a computer or other devices.When Mr. Musk announced in 2020 he would move from California to Texas, Mr. Birchall moved his family there, too. He has since become the closest thing Mr. Musk has to a public face in the Texas capital, handling business and attending events on Mr. Musk's behalf.\"No one else you reach out to who is close to Elon is going to return your calls,\" says Tyson Tuttle, former chief executive of Austin semiconductor manufacturer Silicon Labs.'Make big moves'Mr. Kurganov first became friendly with Mr. Musk socially.Born in Russia but raised in Germany from age 4 by parents who were engineers by trade, Mr. Kurganov grew up in a working class, immigrant household, according to an interview he gave to the Paul Phua Poker podcast.In his 20s, he gained a level of fame as a professional poker player. Beginning around a decade ago, he began playing high-stakes tournaments in Las Vegas and racking up wins, fellow poker players say. He earned particular renown in 2012 when he won a EUR1,080,000 purse in Monte Carlo.He was known as an aggressive player, and had the respect of his fellow pros, the players say. \"Igor had a willingness to play a lot of hands and make big moves,\" says one of them, Dan Smith.Though he was spending much of his time in Las Vegas, his personality didn't match the city's loud stereotypes. One person who knows him says he was often drawn into long, philosophical conversations on topics such as the rise of artificial intelligence in poker. Mr. Kurganov was concerned that a computer program could be built that could beat even the most talented human player.Ging Masinda, a Las Vegas marketer and acquaintance of Mr. Kurganov, says the flashiest thing about him is that he sometimes wears eyeliner. \"There's a kid in him,\" she says.In a 2015 interview on the Poker Life Podcast, he said he was developing an accounting app for poker players. He also co-founded the organization Raising for Effective Giving, designed to help poker players, as well as fantasy-sports players and finance professionals, find the right charities to which to donate their winnings, according to archived webpages.REG was focused on effective altruism, an approach to giving that suggests that inherently subjective qualities such as relative charitable need can be quantified. It's still a niche approach, because many charitable experts say it can encourage an impersonal, utilitarian approach to complicated moral issues.Mr. Kurganov's social life, the fellow poker players say, revolved around his longtime partner, fellow professional poker player Liv Boeree. Ms. Boeree has long been friends with the recording artist Grimes, who was first romantically linked to Mr. Musk in 2018. Around the same time, Mr. Musk made Ms. Boeree one of the handful of people he follows on Twitter.\"She was elated\" about the follow, according to Joe Stapleton, a poker commentator who spoke to her about it.The two couples began spending time together. Messrs. Musk and Kurganov bonded over a shared love of Burning Man, the free-spirited desert festival that both regularly attend. Ms. Boeree, meanwhile, stayed close with Grimes; the two women posted photos together on social media. Ms. Boeree didn't respond to requests for comment, and Grimes, whose legal name is Claire Boucher, couldn't be reached.The introduction to Mr. Musk came as Mr. Kurganov was soon to retire from professional poker with millions in personal winnings. Yet his poker accounting app had never gotten off the ground, and REG remained small-fry in terms of the amount of money it directed.REG said on its website that it directed $3.1 million in charitable giving in 2019, the most recent year mentioned, which the organization said \"reflects all donations that have been significantly influenced by us.\" The amount couldn't be independently verified. REG didn't respond to requests for comment.Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042980354,"gmtCreate":1656421651879,"gmtModify":1676535824596,"author":{"id":"4104495960121550","authorId":"4104495960121550","name":"shan111","avatar":"https://static.itradeup.com/news/eb7241eed27ef10b323ea4bcbfebfa4b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4104495960121550","authorIdStr":"4104495960121550"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>hhi","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>hhi","text":"$Palantir Technologies 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