John Jannarone
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John Jannarone is an Italian-American businessman who is founder of Capital Markets Media LLC, the sole owner of IPO Edge and CorpGov.[1] He was previously senior writer at CNBC, which he joined in 2014.[2] Previously, he was a corporate media and entertainment writer at The Wall Street Journal.[3] In 2008, Jannarone joined The WSJ's financial analysis section "Heard on the Street" as a Singapore-based reporter. Prior to that Jannarone worked as a deputy bureau chief at Dow Jones, as an analyst at The Hartnett Group in Dallas and an investment banker at Morgan Stanley in New York City.[4]
Jannarone is most well known for breaking the story about The WSJ's corporate parent News Corp. splitting into two divisions: Entertainment and Publishing.[5]
He was first to break news of the Archegos scandal, when Bill Hwang over-levered a hedge fund that ultimately collapsed, sending ripples through the financial markets. The scoop was matched by CNBC's Scott Wapner, Bloomberg and several other major outlets.[6] The Wall Street Journal described the scandal as one "that led to the biggest single-firm meltdown since the financial crisis" when Hwang was sentenced to 18 years in prison in November 2024.[7]
Jannarone is well known for his work which "expos[ed] accounting irregularities at Diamond Foods. The irregularities caused a 70% fall in the company's stock price and a collapse of the planned $2.4 billion takeover of Pringles and resignation of the CEO.
Personal
[edit]Born in 1980, Jannarone currently resides in Manhattan, New York. He obtained his degree in economics from Princeton University where he graduated cum laude.[8]
References
[edit]- ^ https://talkingbiznews.com/1/91833/
- ^ "John Jannarone Named Senior Writer for CNBC". CNBC. 20 December 2013.
- ^ Jannarone, John. "LinkedIn".
- ^ WSJ. "Bio". WSJ.
- ^ Jannarone, John (28 June 2012). "News Corp. Approves Split". The Wall Street Journal. Retrieved 21 July 2012.
- ^ Wapner, Scott (2021-03-27). "ViacomCBS, Discovery plunge due in part to forced liquidation of Archegos Capital positions". CNBC. Retrieved 2023-08-26.
- ^ Telesca, Jenna (November 20, 2024). "Archegos Founder Bill Hwang Sentenced to 18 Years in Prison". The Wall Street Journal. Retrieved November 20, 2024.
- ^ Roush, Chris (12 March 2013). "WSJ's "Heard on the Street" adds two in London". Talking Biz News. Retrieved 26 July 2013.