MBA Alumni in the News: Aug. 16.

The article offers news briefs related to MBA alumni from top business schools. George Holley, an MBA graduate of Northwestern's Kellogg School of Management, pleaded guilty to insider trading. Billionaire hedge fund manager John Paulson, a Harvard Business School MBA graduate, made a 17 million dollar housing bet, and purchased 875 acres near Las Vegas, Nevada. J.C. Penney chief executive officer (CEO) and Harvard MBA Ron Johnson said that the overhaul of the company is on the way.