Philip Falcone Quits as Harbinger Group CEO
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Phil Falcone is stepping down as chairman and CEO of Harvin Orchard to focus on his hedge fund, Harbinger Capital. Previously, Falcone settled with the SEC for borrowing money from his fund for personal taxes and giving preferential treatment to some investors, resulting in a five-year industry ban. He remains involved with Harbinger Group, which has diverse business interests. Joseph Steinberg, an independent board member and chairman of Leucadia National, has been named chairman of Harbinger Group, which is now searching for a new CEO.
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Who was named chairman of Harbinger Group after Falcone?
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What is Harbinger Group currently searching for?
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