A $433 Billion Wall Street Giant Has a Reputation Problem. It’s Josh Harris’s Job to Fix It.
- Date: 31-Oct-2020
- Source: The Wall Street Journal
- Sector:Economy
- Country:Middle East
A $433 Billion Wall Street Giant Has a Reputation Problem. It’s Josh Harris’s Job to Fix It.
Josh Harris, the co-founder of
Apollo Global Management Inc.,
APO -2.64%
obsessively weighs the risks and implications of decisions he makes: whom to hire for a role at the private-equity giant, whether to move forward with an investment or which trades to make to fill out the roster of the Philadelphia 76ers, the NBA team he co-owns. Former employees describe him as a micromanager who is known to call people numerous times in a day to discuss a small investment and spend an entire meeting rehashing unresolved questions from his previous one. Even Mr. Harris's friends joke about sometimes getting multiple calls from him in a single day to discuss the same matter.
This approach has helped to make Apollo an investing giant with $433 billion in