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Leon Black pictured at his home in the Hamptons in New York. Black is stepping down from running Apollo Global Management, the private equity firm he co-founded in the 1990s. Apollo was part of the group that took over majority ownership of Vail Associates in 1992. Art Seitz/Abaca Press, via AP Leon Black, known locally as the founder of the company that would become the modern Vail Resorts, has been the subject of much national news in recent months. Here’s the first sentences of a few stories from national news outlets on March 22: CNN: “Leon Black will step down as CEO of Apollo Global Management, the investment firm said, as it also announced that an internal investigation into Black’s ties to Jeffrey Epstein found no wrongdoing.”

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