Charles Stiefel’s life has had its share of ups and downs. First he made a fortune when GlaxoSmithKline bought his family’s company for $2.9 billion. But then the S.E.C. closed in after employees claimed that the family had bilked them out of $110 million by hiding crucial information—including plans for the upcoming sale—as it bought their stocks back at extremely low prices. This spring Glaxo settled the first of what will likely be many employee buyback lawsuits for $1.5 million.
Not ones to wallow over a pending fraud case, Mr. Stiefel and wife Danee have apparently spent the last few months looking for apartments to spend some of their possibly ill-gotten gains on. Now, they’re on top of the world again, or at least on the top of 230 West 56th Street, where they bought a penthouse apartment, “the apex of the prestigious Park Imperial Condominium” as the Nestseekers listing held by Ryan Serhant and Nick Jabbour boasts. Read More