If there’s one thing that shipping magnate Angela Chao knows, it’s how to move goods. Ms. Chao just sold her Greenwich Village co-op for the $1.6 million ask, according to city records.
Ms. Chao, an executive at her father’s Foremost Group and the fourth wife and widow of the late billionaire and Lazard chief Bruce Wasserstein, must have grown tired of her two-bedroom co-op apartment at 35 East 9th Street, which sold to Nancy Bello and Michael Boghosian. They sure liked the place, though, as it enter contract after a little more than a month on the market.
It was a bare-knuckled fight to get the home, as only there could be in New York, and now the buyer doesn’t want it, as could only happen here.
Ten months after Bruce Wasserstein’s sudden death, New York Magazine remains firmly in the hands of the Wasserstein family, and it doesn’t appear to be going anywhere.
David Carr reports today that Mr. Waserstein’s children are dedicated to the magazine. “The family members meet with the management team monthly and weigh in on broader Read More
There is an old rule about not speaking ill of the dead, and Vanity Fair‘s very entertaining piece “Bruce Wasserstein’s Last Surprise” comes close to breaking it. William D. Cohan’s profile describes the late Lazard dealmaker as a man who saw himself as a Nietzschean Übermensch. “He believes he is that,” Read More
Owner Bruce Wasserstein may have died last week, but New York magazine won’t be sold. Ad Age reports that an internal memo circulated yesterday informed employees there would be “no change” in ownership and that a Wasserstein family trust would continue to control New York Media.
The Read More
Bruce Wasserstein’s death at 61 came as a surprise: it created ripples even in the media world, leaving the fate of New York magazine as well as the Kraft-Cadbury deal in th lurch.
After graduating from Harvard Law, Wasserstein went into finance, rising to prominence in the 1980s. The Wall Read More
In light of the sudden death of Bruce Wasserstein, what is going to happen to New York Magazine?
The magazine is owned by a family trust, not by Lazard or any of Mr. Wasserstein’s other holding companies. Mr. Wasserstein’s children, according to reports, include Ben, Pam, Scoop, Jack and Dash.
Could one Read More
Bruce Wasserstein–hostile-takeover artist, chief of Lazard, owner of New York magazine, Harvard benefactor, brother of playwright Wendy Wasserstein–has died at 61. He was hospitalized last weekend for heart trouble.
Here’s some reaction from former associates.
Carl Icahn: “It’s sad, it’s a sad thing. He was a good friend Read More
It’s been a long, cold, economically devastating winter, but at Elaine’s on Tuesday night for Patrick McMullan‘s party celebrating his 20 years with Interview magazine, the crowd was partying as though the events of the past few months were a bad hallucination. Or maybe everyone was hibernating in St. Barths, Tulum, Vermont, upstate New York, Read More