The fallout from the revelations about Leon Black’s financial ties to Jeffrey Epstein ignited a bitter power struggle at Apollo Global Management. When it was revealed that Black had paid Epstein over $150 million for questionable “advisory services,” investors, regulators, and the public demanded accountability. That scrutiny forced Apollo’s board to initiate a review, which ultimately led to Black stepping down earlier than planned. His departure cracked open rivalries among Apollo’s co-founders, with Marc Rowan and Josh Harris maneuvering for influence. What should have been a smooth leadership transition instead turned into a test of Apollo’s governance, reputation, and stability in the face of scandal.

The struggle was not just about replacing Black—it was about cleaning up the mess his actions left behind. Senior leadership and board members clashed over why such extraordinary sums were paid to Epstein with little documentation or oversight, sparking deeper questions about Apollo’s culture of accountability. Harris, once considered a top contender for the top role, pulled back from daily management amid the turmoil, leaving Rowan to step into leadership. The entire episode underscored how deeply Epstein’s shadow reached into the highest levels of finance, destabilizing one of the world’s most powerful private equity firms and forcing Apollo to reckon with reputational damage that money alone couldn’t erase.

to contact me:

[email protected]



Source:


https://nypost.com/2021/05/24/jeffrey-epstein-led-to-fallout-at-apollo-global-management/