Davidson and Hutchins scored a major payday back in May, when their Palo Alto-based private equity firm sold Skype to Microsoft for a cool $8.5 billion. Eighteen months earlier, Silver Lake had led a group of investors that bought the troubled Internet telephony service from eBay. Davidson and other Silver Lake executives put $940 million of the firm's money into the Skype deal, which was the biggest investment in Silver Lake's 12-year history. After overhauling Skype and closing the Microsoft deal, they walked away with $2.9 billion.
He rescued the coffee chain. It had record financial results this year. Now the CEO is on a campaign to save the country from its politicians. Here's how he blends capitalism and activism.
|Oklahoma bans local minimum wage increases|
|Fears grow over China property flameout|
|How Zuck met Oculus: Facebook's big bet on virtual reality|
|Premarkets: Stocks get a boost from earnings, China GDP|
|China GDP slows to 7.4% in first quarter|