Usha Rodrigues, a professor in the School of Law, was recently quoted in a New York Times article about the private equity firm Apollo Global Management.
The firm’s chief executive, Leon Black, recently stepped down but remained chairman.
Rodrigues said Apollo’s decision to add four independent board seats was a sign that the firm was attempting to alter how it operates.
Despite stepping down as chief executive, Black is still expected to hold great sway over Apollo.
“I am surprised he is going to stay on as chair, but he is a founder,” Rodrigues said.
Still, there’s another reason for the firm not to distance itself, Rodrigues said.
“His prowess is what has made Apollo such a success,” she said.
The article also detailed Apollo’s quarterly earnings and performance.