Fucking Articulate

Not everyone stuffed into MTV Networks chairman Tom Freston’s East 66th Street townhouse on April 12 wanted to say how they’d made a fool of themselves recently-even though the party was for Fanatics and Fools: The Game Plan for Winning Back America, Arianna Huffington’s 10th book.

Her publisher at Miramax Books, Harvey Weinstein, declined to Read More

Tyco Slashes Co-op

On Feb. 20, the duplex co-op at 950 Fifth Avenue owned by former Tyco International chief executive L. Dennis Kozlowski had $3 million slashed off its stratospheric $28 million asking price, as the lavish residence failed to interest potential buyers since it hit the market in November, brokers close to the apartment said.

Mr. Kozlowski Read More

The Brain Behind Teledyne, A Great American Capitalist

Something went haywire with American capitalism in the 1990′s, and we think we know what it was: There weren’t enough Henry E. Singletons to go around. In truth, there was only one Henry Singleton, and he died in 1999. He could read a book a day and play chess blindfolded. He made pioneering contributions to Read More

Estate Sale

The daughter of late shipping magnate Stavros Niarchos is listing her father’s old apartment at 820 Fifth Avenue for upwards of $25 million. Mr. Niarchos, who spent decades engaged in a game of professional and personal one-upmanship with shipping rival Aristotle Onassis, died in 1996 from a stroke. His daughter, Maria, took possession of the Read More

Freezing Their Assets Off

Sony music chief Tommy Mottola recently signed a contract to buy a duplex penthouse on East 85th Street that listed at $15.9 million.

But the apartment’s current occupant won’t be seeing a penny of that money anytime soon, if Manhattan District Attorney Robert Morgenthau has his way.

The five-bedroom condo is home to Read More

EBITDA Duh

What do you think of the market? The financial pundits have plenty of explanations, all of which have been eagerly accepted by the average investor. Much of the blame has been placed on the corporate scandals that began with Enron and Global Crossing and have since consumed executives and investors at Tyco, ImClone, WorldCom and Read More

Rich Fear the Non-Rich May Demand a Fair Share

At a recent East Side dinner party, a man was heard to exclaim with astonishment, feigned or real, that there actually are people out there who think $200,000 is a lot of money. A nice piece of snob-snottery to draw the line between the have-too-muches, the have-somes and the have-a-littles, an important distinction in converting Read More