Avast Ye, Scurvy Buyout Boys!
Of all the bad press generated by Steve Schwarzman‘s recent 60th birthday party, the worst may be tucked within today’s Dealbook column in the New York Times in which Andrew Ross Sorkin takes on the highly-paid pirates of private equity. “It is a charade that private equity firms have claimed their 20 percent performance fees […]
The Write Stuff
Taki and Dominick Dunne are two of my favorite writers. I moderated a dishy conversation between them that’s just been published in the spring 2007 issue of Bergdorf Goodman Magazine — and it’s already been covered on Page Six and in WWD’s Memo Pad. Caveat lector: It’s a pdf and you’ll have to enlarge it […]
Box ‘o’ Billions
A dozen present and former residents of 740 Park made this year’s Forbes Magazine’s Billionaire’s List. Among current residents, David Koch (#49) ranks as the richest, followed by Colombian Julio Mario Santo Domingo (#132), the suddenly ubiquitous Steve Schwarzman (#249), Ronald Lauder (#287) and hedge fund honcho Israel Englander (#799). Past residents on the list […]
Ratdominium
The New York State appellate court decision yesterday to allow the controversial renovation of Washington Square Park to go forward will likely have an unintended side-effect that will make the recent Kentucky Fried Rat infestation just around the corner look like, well, a day in the park. Ever since 9-11, when rats surged away from […]
The Anti-Donors
My second column for Contribute magazine is about what I call My Way Philanthropy. It is hands-on, do-it-yourself, do it now, and if someone can make a little money doing it, too, all the better. And for the moment, at least, this new beast is unpredictable, hard to control, big and getting bigger, and pretty […]
Vive La France
Don’t try and wipe that spot off Metropolitan Museum of Art director Philippe de Montebello‘s lapel. It’s the Legion of Honor, which France has previously awarded to American cultural icons such as Marvin Traub of Bloomingdales, Oscar de la Renta and Pauline Trigere of Seventh Avenue and Colin Powell of the State Department (and Weapons […]
White Knight
A source working with Italy’s carabinieri says I got it wrong in my post last week about antiquities collector Shelby White‘s negotiations with the governments of Italy and Greece, two countries that claim her collection includes objects looted from their soil. “Shelby initiated the negotiations and that they are progressing,” says this source. “The opening […]
Museum of Modern Art
In its February issue, Monopol, a German contemporary art magazine, profiles 740 Park, calling it a museum of modern of art, and detailing the holdings of residents past and present: 45 Picassos, 54 Cezannes, 23 Klees, and more.
Fracas at 1000 Fifth
The Metropolitan Museum of Art is about to open its five-years-in the-making new galleries for Greek and Roman antiquities, centered around what it calls the “majestic” and “monumental” Leon Levy and Shelby White Court, formerly the museum’s restaurant. I’ve been researching a history of the Metropolitan, to be published by the Doubleday-Broadway division of Random […]
Schwarzstock
Fortune magazine is the latest to chime in on Steve Schwarzman’s party (and the business acumen that paid for it) in a cover story out today, “The New King of Wall Street”. Alas, the story must have closed before Henry Kravis and KKR trumped Schwarzman’s $39 billion deal with one valued at $45 billion. Your […]