The Transom

Gianni Russo, a k a Connie’s husband.

Tales of the Jazz Age: Gianni Russo at The Grill Room

Walk down Manhattan’s 52nd Street today, and you’ll find few clues that the strip was once a jazz center of New York. Billie Holiday, Miles Davis, Frank Sinatra—all the greats performed here in the ’30s, ’40s and ’50s, in jazz clubs that have since been replaced by Starbucks and glass office buildings.

Wednesday evenings in Read More

Waksal’s Secret Stairway

A triplex penthouse that once belonged to incarcerated ImClone co-founder Sam Waksal has been sold to A.J. Agarwal, a senior managing director of the mighty Blackstone Group.

According to the deed, he paid $7 million for the 5,800-square-foot apartment, $495,000 less than the latest asking price.

Marvin and Susan Numeroff, who bought the place from Read More

Waksal’s Secret Stairway

A triplex penthouse that once belonged to incarcerated ImClone co-founder Sam Waksal has been sold to A.J. Agarwal, a senior managing director of the mighty Blackstone Group.

According to the deed, he paid $7 million for the 5,800-square-foot apartment, $495,000 less than the latest asking price.

Marvin and Susan Numeroff, who bought the Read More

Planning Park, City Clams Up On ‘Negatives’

A city agency is planning to build a science park on the site of a Sept. 11 memorial-but it will “not reveal all negatives” of the project, according to an internal document obtained by The Observer .

The city’s Economic Development Corporation (E.D.C.) is eyeing Memorial Park, which sits under a large white tent Read More

What Made Mr. Denby Write Nutty Snatch Of Fin de Siècle?

American Sucker , by David Denby. Little, Brown, 337 pages, $24.95.

Now that the shell shock has worn off and we’re unhappily accustomed to the nonstop barrage of first-person testimony-autobiography these days being the default mode for anybody who feels the itch to write-the appearance of yet another disappointing memoir only triggers a Read More

In Defense of Martha

Rarely before has a successful businesswoman, or businessman for that matter, with an upstanding reputation been subject to a thrashing like the one Martha Stewart has been receiving in the media. Ever since suggestions surfaced that Ms. Stewart may have engaged in insider trading in shares of ImClone, the editors and owners of the New Read More

The Wacky Dr. Waksal

On Dec. 5, 2001, ImClone Systems, a biotech company that was seeking Food and Drug Administration approval for a promising anti-cancer drug called Erbitux, saw its stock peak at a price of $74 a share and begin an earthward trajectory.

On the evening of Dec. 6, ImClone’s chief executive, Sam Waksal, 54, threw his annual Read More

29-Year-Old Heiress Elana Posner Bombarding City Council Race

Last Dec. 27, Elana Waksal Posner registered to vote. She listed as her home address a newly renovated condo at 60 Warren Street, a historic Tribeca building owned by her father, who runs a biotechnology company.

Less than three months later, Ms. Posner’s picture appeared in the weekly Downtown Express , next to an article Read More