One of the most important people in finance was overlooking Central Park from his Fifth Avenue apartment, enjoying the Bach that his twin teenage daughters were playing on violin and speaking to the young Fulbright scholars from Iraq and China he’d invited for a reception. “In everything I do, I always ask myself, ‘Am I Read More
CEOs and Symbionese Liberation
Disgraced Lehman Brothers CEO Richard S. Fuld is no longer seen in high society, but his art is still in all the best places.
On a walk through the Museum of Modern Art’s newly re-installed galleries for contemporary art, which open to the public tomorrow, The Observer noticed that the discredited banker and his wife, Read More
Last week, the New York Times reported that the very rich ladies in this city have not stopped shopping, despite how "vulgar" it might seem: They simply started shopping in private at shopping parties, private hotel suites, and by-appointment-only showrooms so as not to get tarred and feathered along Fifth Avenue. Read More
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
According to the Wall Street Journal the art market has officially burst. With prices dropping 30 percent and auction houses’ stocks plummeting, layoffs are inevitable. Galleries are closing. And the effects are rippling through the community of collectors, dealers, and the artists themselves.
Mary Boone keeps telling us that Read More
Someone knocked Lehman Brothers CEO Richard Fuld "out cold" after the company’s bankrupcy was announced. Seriously. [Radar]
Ashley Dupre now travels with three bodyguards (does Eliot Spitzer even still have a security detail?). [R&M]
Iranian actress Golshifteh Farahani, who co-stars with Leonardo DiCaprio in the upcoming Body Read More
Lehman Brothers managing director John Kasich kicks back in
the plush leather chair in his corner office high atop 3 World Financial Center
and starts weighing in on his latest investment-banking deal.
“It’s a small company in the health-care space,” he says.
“Today, we set up a call with the C.E.O. and C.F.O. Tomorrow, Read More
