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To stop the fresh collapse, Warren Buffett’s Berkshire Hathaway invested $5 billion within the Goldman Sachs in exchange for preferred shares. The newest financing is thought to be a light knight rescue, because it helped fix rely on inside Goldman Sachs and you may avoided a great prospective domino effectation of other loan providers collapsing. A typical example of a management-added white knight occurs when the brand new government team out of Dell teamed up with Gold Lake Partners when deciding to take the firm individual inside the 2013. The fresh administration group believed that using business personal will allow these to work with enough time-label development and expansion, instead of quick-name winnings.
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Fired SingPost Chief executive officer, CFO offered to foregoing legal options in favour of separate query
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