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    By Caroline Bankoff 8:33pm

    How the Very Rich, Including Former Lehman COO Joe Gregory, Are Dealing With the Downturn

    Vanity Fair‘s Michael Shnayerson has issued yet another dispatch from the front lines of the hedge fund massacre. It’s a report on the death of a culture in which, as one former Lehman Brothers employee explained, those who didn’t "spend extravagantly" on staples like $1,950 bottles of 2003 Screaming Eagle Cabernet Sauvignon at Craft, $26-per-ounce Read More

    By Irina Aleksander 12/01/08 3:13pm

    Former Lehman President Joseph Gregory Puts $32.5 Million Bridgehampton Mansion Up for Rent

    Richard Fuld Jr., who recently sold off 16 works of art at Christie’s, is not the only former Lehman Brothers executive selling off his assets. The financial firm’s former president, Joseph Gregory–who has already sold his apartment at 610 Park Avenue for $4.4 million and the private helicopter that he used Read More

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