Earlier this month, we learned the extraordinary story of private equity guy Russell Stildolph and his flying Porsche, pictured at left. AltEnergy founder Stildoph’s 911 Carrera was airborne for 45 feet, possibly reaching a height of 35 feet, beore it struck the roof overhang and center support beam of an unsuspecting woman Norwalk woman’s home, before the car “fell backward and landed on its roof, facing away from the house.” Russell, whose blood alochol level was over .20 (the legal limit is under .08), said he didn’t recall anything from the evening except for the fact that he was only going 35 MPH. Today he was arraigned on charges of drunk driving, traveling “unreasonably fast,” failure to stop at a stop sign and failure to wear a seat belt, at which time his lawyer made several requests. Continue reading »
Archive for January 2011
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Posted in:
Private Equity
Investment Manager Who Drunkenly Launched His Porsche 35 Feet In The Air Is Hoping We Can Forget This Whole Thing
By Bess LevinUnpitted Olives Likely To Blame For Congressman Dennis Kucinich’s Crankiness Surrounding The Wall Street Bailouts
By Bess Levin
As some of you may remember, back in fall 2008, Congressman Dennis Kucinich was not at all happy about the idea of bailing out Wall Street. “Let Wall Street bailout Wall Street,” he screeched. “The bailout bill is the dumbest thing I’ve ever seen,” he said. “Is this the United States Congress or the Board of Directors Of Goldman Sachs?” he asked, losing his shit. He was taking this thing very, very hard and some wondered if perhaps he was having some personal problems. In fact, he was.
You see, just a month after Bear Stearns went down for the dirt nap, and a few prior to Lehman biting the big one, Dennis had an unfortunate run-in with some olives. Olives that he thought were pitted, considering the sandwich on which he purchased them was represented as such. Such, however, was not the case. Those fuckers had pits in them and resulted in an unknowing Kucinich suffering serious emotional and physical distress. We know this because now, three years later, he’s suing the cafeteria that sold him the sando, for $150,000. Continue reading »
The good news: the economy is improving slightly! The even better news: you’re getting even more stimulus up in this piece! Continue reading »
RIP Hongjuo Seo. Continue reading »
Will no one stay strong with Raj?! Come on! Continue reading »
Over the summer, Colony Capital’s Tom Barrack penned a breathless letter to employees telling them about the “personal breakthrough” he achieved while reading Twilight. Almost a year ago, Stephen Schwarzman admitted to loving no film genre more than the romantic comedy. And yet, despite these well-known, well-respected and well-endowed (?) businessmen coming forward and sharing their feelings and views of books and movies, there’s remained a stigma vis-a-vis being a so-called “BSD” and wanting to curl up with, say, Maid In Manhattan. Doing her part today to let the men of the financial services industry know IT’S OKAY to love the Devil Wear’s Prada is Betsy Tobin, wife of Standard Chartered’s Peter Sands. Betsy told the Evening Standard: Continue reading »
Obama’s State Of The Union China Mentions, Lack Of Appreciation For A Magnificent Ballroom Enraged Donald Trump
By Bess Levin
As you may have heard, last night President Obama gave his State of the Union address, in which he mentioned China a couple of times. This, legendary businessman Donald Trump says, “was the low point of the speech.” While Trump pretty much hated the entire thing (there was “no substance whatsoever” and he “didn’t hear anything about all these states that are going to go bankrupt”), it was the China stuff that really grinded his gears. “Totally inappropriate,” the bankruptcy expert told Joe Kernan and Becky Quick this morning on Squawk Box. “What’s up with you and China? What got your dander up,” Joe asked, hoping to lighten the mood. “Did they tell you you couldn’t build a golf course over there or something?” Unfortunately, Donald was in no mood for jokes. Not when it comes to China, or the suggestion anyone tells him where he can and cannot build golf courses. Continue reading »
Enough to take to LinkedIn and let it all out? Continue reading »
He hasn’t forgiven the President’s war crimes yet but this is progress. Continue reading »
Marc Faber, he of the Gloom, Boom & Doom report, popped over via satellite this morning for an interview with Bloomberg TV, where they asked him about the job President Obama has done so far. Faber asked if Bloomberg wanted him to be honest. Of course they did. Speak freely, they encouraged. “Well, then I would say he’s done a horrible job and I think that will continue,” Faber answered. “And he’s changed nothing and made things worse.” But didn’t the president come in at a pretty difficult time, when it was tough to make change, Carol Massar wanted to know? After catching his breath from laughing, Faber told the little lady “You are an optimist. Keep on dreaming. We foreigners just laugh about someone like Obama.” Did Faber think Bush was much better? “At least he didn’t prostitute himself.” Let’s change the focus- thoughts on Bernanke? “Maybe he’ll resign after he sees the disaster he’s created. Or [knowing glance] maybe he’ll be disposed.” Oh…okay. Hey, will you be going to Davos? “No- it’s not for thinkers. It’s a group of liars and people who go along with the system and perpetuate fraud and abuse and dubious practices in the financial system.” Continue reading »
