Marc Rowan
Marc Rowan is a co-founder, chief executive officer, and chair of the board of Apollo Global Management, one of the world's largest alternative asset management firms. He co-founded Apollo in 1990 alongside Leon Black and Josh Harris after beginning his career in the mergers and acquisitions department of Drexel Burnham Lambert. He is best known for architecting Apollo's private credit and insurance strategy, including the establishment and subsequent reacquisition of Athene Holding, which has become the largest provider of retirement insurance products in the United States. He graduated summa cum laude from the University of Pennsylvania's Wharton School of Business with BS and MBA degrees in Finance.
“Apollo CEO Marc Rowan said the 'brain damage' associated with buying people-oriented businesses means it is not worth it unless the deal helps the firm expand into new market segments, rather than just consolidating its strength in existing ones.”
Source→“'You probably have to pay twice, both to the equity owners and then to the employees. But most importantly, it gets you more of the same,' Rowan said.”
Source→“The amount of money that's going to be put into data centers, into chips, into robotics, into manufacturing, into defense, is, as I suggested, every dollar since the invention of FIRE. That is not going to be financed with equity entirely because that is not efficient.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.