Back in February, Josiah Boatswain, a 26-year-old from Flatbush, Brooklyn, and a few friends were pampering themselves at Fontainbleau: a $600-per-night resort that bills itself as the most luxurious hotel on the strip, promising high-end shopping, celebrities at every table, “24-7 glamour,” and an “expansive poolscape” on the stretch of Miami Beach known as Millionaire’s Row. Mr. Boatswain spent his vacation sipping Champagne, nibbling tiny chocolate cakes, and buying armfuls of couture, which he arranged in tableaux in his hotel room and photographed for his Facebook page.
The investment firm belonging to Maurice “Hank” Greenberg, of AIG notoriety, last week signed a new, meaty lease for 120,000 square feet of old Lehman Brothers office space at 399 Park Avenue.
C. V. Starr & Co. already has 20,000 square feet of offices at 399 Park, so this new lease is something of a Read More
More than a year after he resigned the governorship, and nearly three years since he was Attorney General, Eliot Spitzer is still agitating Wall Street executives.
Yesterday, former A.I.G. C.E.O. Hank Greenberg asked a federal judge to dismiss a suit Attorney General Spitzer brought against him in 2005, which claimed Mr. Greenberg misled investors. Read More
Noam Scheiber, the columnist and senior editor at The New Republic, is writing a book about the Obama administration’s handling of the economic crisis. It will be published by the flagship imprint of Simon & Schuster and overseen by editor in chief Priscilla Painton, who acquired the book at auction last month. According to Ms. Read More
The Wall Street Journal reports that many of the big names usually associated with the tops of donor lists and newly dedicated museum wings are cutting back on their charitable donations this year–including the Bill & Melinda Gates Foundation, David Koch of manufacturing giant Koch Industries, casino magnate Sheldon Adelson, and former AIG Read More
Artist Geoffrey Raymond did not have much luck soliciting signatures on his portrait of ousted AIG Chairman Hank Greenberg when he displayed it outside the firm’s Wall Street headquarters last week.
When Mr. Raymond first unfurled "The Annotated Spitzer" outside of the New York Stock Exchange 15 minutes after the governor resigned on Read More
What’s odd about state Attorney General Eliot Spitzer’s alleged threat to former Goldman Sachs Co-Chairman John Whitehead (“You will pay dearly for what you have done”) is how it ever came into the public eye. Whitehead wrote an op-ed in April denouncing Spitzer’s public prosecution of A.I.G. chief Hank Greenberg. Then the alleged threatening phone Read More
The World Trade Center Memorial Foundation announced today that it had surpassed the $100 million mark—the first indication of how much progress it has made towards its $500 million private fundraising goal. Biggest single donor ($25 million): AIG’s Starr Foundation, which is still chaired by Hank Greenberg even though he no longer Read More
Et tu, Frank?
Until this spring, Maurice (Hank) Greenberg was chairman and chief executive of American International Group, the giant insurance company he had run for almost 40 years. In March, the board of A.I.G. fired him, after the company found itself under investigation by federal regulators for its accounting practices. The director who led Read More