Ken Griffin, Illinois’ richest man, buys Gold Coast condo for $13.3 million (Chicago Tribune)
Billionaire Ken Griffin, the founder and chief executive of Chicago-based hedge fund Citadel who currently is going through a nasty divorce, recently paid $13.3 million for a 37th-floor, full-floor condominium unit in the Waldorf Astoria building on the Gold Coast. The transaction is one of the 10 highest-priced residential real estate purchases in Chicago-area. It’s also the second highest-priced condo sale of the year, topped only by Vistex founder and CEO Sanjay Shah’s recent $17 million purchase of the 14,260-square-foot penthouse on the top floor of the Trump International Hotel and Tower. Griffin, 46, currently lives in the 7,400-square-foot unit. He also owns two full-floor penthouse units in the Park Tower nearby. He paid $6.9 million in 2000 for his first, a 67th-floor unit, and then in 2012, he paid $15 million — at that time a record for a Chicago condo – to buy the full-floor unit one level below.
Goldman Sachs Pays Top U.K. Bankers Double That of U.S. Rivals (Bloomberg)
Goldman Sachs paid its top bankers in the U.K. an average of $4.72 million in 2013, about double what its largest U.S. rivals awarded to their most senior workers in Britain. The 121 employees received $106.3 million in cash bonuses and stock valued at $377.4 million at the end of 2013 in addition to salaries of $87.3 million, according to Goldman Sachs regulatory disclosures for U.K. operations. More than two-thirds of the total went to investment-bank employees.
Blackstone Opens Up About Hidden Fees as SEC Pushes Transparency (Bloomberg)
Two of the biggest private-equity firms are disclosing fees that had largely been hidden as U.S. regulators demand increased transparency from the industry. Blackstone Group LP said it could collect as much as $20 million annually from investors and companies in its next buyout fund, for services such as health care consulting and bulk purchasing. TPG Capital put the potential charge for similar services at as much as $10 million a year for its new fund, which is currently seeking to raise as much as $10 billion. The fees, detailed in recent marketing materials obtained by Bloomberg News, are on top of other monitoring and transaction fees and haven’t been disclosed in such detail in documents governing earlier funds.
Former Korean Air Executive Arrested Over In-Flight Nut Row (Bloomberg)
Heather Cho, the daughter of Korean Air Lines Co. (003490) Chairman Cho Yang Ho, was arrested on a charge of obstructing aviation safety after she ordered a crew member to deplane during a row over in-flight service. “I’m sorry,” Cho said, looking down and surrounded by reporters in footage broadcast by YTN from outside prosecutors’ offices in Seoul. The Seoul Western District Court issued an arrest warrant for Cho late yesterday, Heo Seung, a judge at the court, said today by phone. Cho’s arrest follows a public outcry in South Korea after she ordered the head of the service crew on Flight 86 from New York to Seoul to deplane Dec. 5 after an attendant served her macadamia nuts without asking.
That New Year’s Eve Uber ride home will cost you (NYP)
The ride-hailing app, in an email warning to its customers Wednesday morning, said it expects this New Year’s Eve to be its “busiest night ever!” And while Uber doesn’t come right out and say some people will pay double and triple their usual fare, the company does advise its customers that “busy nights require surge pricing to get enough cars on the road and ensure you always have a reliable ride.” The busiest — and therefore the costliest — time to get an Uber ride will be from 12:30 a.m. to 2:30 a.m., Uber said in its e-mail. Those out welcoming in 2015 and looking to avoid getting gouged should request a ride “right when the ball drops at midnight” or much later in the morning, Uber said.
Man drives two hours with knife lodged in his head (UPI)
A Brazilian man who was stabbed in the head with an 11-inch knife survived the attack and drove himself two hours to a hospital. Juacelo Nunes, 30, said he was arguing with a man at a party in Agua Branca when the other man summoned three friends to help him attack Nunes. Nunes said he was stabbed in the throat, shoulder and chest before the knife, which bears an 11-inch blade, was embedded in his head. The knife missed Nunes’ left eye and passed through his mouth to the right side of his jaw. “I did not see the moment of the stabbing, but at no time fainted and remained conscious even with pain,” he said. “I thought I would die and only came to believe when I saw what happened to me, because if someone told me I would not have believed it.” Nunes said he drove for two hours to a hospital in Teresina, 60 miles from Agua Branca. “The knife passed through several nerves and veins, structures that can quickly kill a patient,” hospital director Gilberto Albuquerque said. Read more »