Last week, the Transom took the elevator to one of the most fashionable floors in town–the ninth floor of Barneys New York–for a celebration of photographer Sharon Socol’s new book, Plus One: An Outsider’s Photographic Journey into the World of Fashion. And it was nothing so much as an insider’s affair.
There was a towering Read More
Zuck enters Facebook’s first road show presentation by the side door, Yahoo! CEO says sorry for … the distraction and a financier with fashion sense steps in to save Barney’s from bankruptcy court. Today’s morning roundup:
Road show: Mark Zuckerberg slipped into the midtown Sheraton through a side door to address investors yesterday, and left in the company of “a dozen beefy security guards,” the Journal reports, as Facebook kicked off its IPO road show. The presentation opened with a 30-minute video presentation available here. Following a delay while Facebook’s 27-year-old CEO was apparently having a hard time finding his way back from the bathroom, Zuck, Chief Operating Officer Sheryl Sandberg and Chief Financial Officer David Ebersman fielded questions on the company’s strategies for China, mobile revenues and its recent $1 billion Instagram acquisition. With excitement building, analysts have been quick to offer opinions on Facebook, with Sterne Agee slapping a buy on the company and Wedbush Securities assigning a $44 price target to the stock.
So sorry: Yahoo! CEO Scott Thompson apologized to employees for lying on his … wait, no, for the distraction caused by the “disclosure of my academic credentials.” You can find the whole letter (addressed “Yahoos:”) over at Dealbook. Third Point Capital’s Dan Loeb has been calling for Mr. Thompson to step down since last week, when the hedge fund manager asserted that the executive lied on his resume.
Trader exodus: Nearly two dozen of Wall Street’s most profitable credit traders have defected from banks in the past 13 months, Bloomberg reports, as lenders cut bonuses and regulators seek to limit the types of trading banks can engage in.
Chopping red tape: Bank of America data chief John Bottega has a fourth-degree black belt in Okinawa karate, so watch what you say about consolidating bank data, a cause Bottega championed in a previous position at the New York Fed.
Wells Tower wins NYPL’s Young Lions Award.
We’ve all pictured Jim Carrey having gay sex, but we were all completely wrong.
Barneys has money problems.
Running the numbers on Marina Abramovic.
ADHD: not so hard to fake, according to a study called “Detection of Feigned ADHD in College Students.”
Jack Read More
I finally figured out what my problem is. After all these years, I now see what I have been doing wrong. Caution: It’s pretty tragic. Simply put, I am just too folksy and available. Yes: folksy and available!
My epiphany came last week while reading A Time to Be Born, the late Dawn Powell’s searing Read More
What a week! Or, should I say, “Wart a week!”
Yes, a horrid wart! In full view of my public? Can you believe? That’s what I get for trying to avoid the H1N1 virus. What the hell am I talking about? I’ll explain all about Mr. Wart in just a moment. First, let’s talk Read More
Fashion’s Night Out transformed Barneys New York into a ten-floor circus, and designers were the star attraction.
The crowd had huge squeals for Alexander Wang, who spent a half hour on the 7th floor teaching visitors to “walk like a model.” The attraction was improbably popular among awkward preteen girls. They were short and wore Read More
Got laid off? Thinking of fleeing to another city before you devour whatever is left in your piggy bank? How about sexy Scottsdale?
Wipe that disdainful expression off your face! If it’s good enough for Jenna Jameson, Hugh Downs, Barbara Eden, Leslie Nielsen, Ricky Schroder, former Vice President Dan Quayle and Alice Cooper, it’s Read More
“Gays love a recession!” said Robert Cogan, a 27-year-old patron of the brand-new East Village gay bar the Hose on the night of Feb. 7.
It was a Saturday night, and he was checking out the scene in the bar’s “back room,” which was, well, a room in the back. More Read More
Holly Dunlap is on hiatus from designing her line of footwear and accessories, Hollywould, indefinitely. In the meantime, she plans to surf in Brazil, ski in Switzerland, and sail in Italy. [WWD]
Victoria Beckham will appear on the cover of Russian Vogue‘s February issue. [Vogue UK]
Barneys is rumored to Read More
Recession or not, when Erin Lima makes the trip from Philadelphia to New York City, “shopping is inevitable.”
“Every time you come here you have to,” she said, while browsing the handbag section of Bergdorf Goodman on Saturday with her husband in tow. “You can’t help yourself.”
The Limas and another couple Read More