This morning the New York Post names the extorted executive as Gary Wandschneider, a divisional vice-president of Pepsi Bottling Co. According to Forbes.com, Gary pulled in nearly $3 million in cash compensation last year and was awarded stock options worth about another $3 million.
Well, that’s somewhat less exciting than the idea that it was the CEO of a major company. But the good news is that thanks to help from our readers, we were on the right track! We had narrowed it down to a handful of companies based in Westchester, including the Pepsi Bottling Co. So good work team!
‘Pop’ Tart Scams Bigwig [New York Post]
Forbes.com Profile: Gary K Wandschneider [Forbes]
sex
Say you’re a receptionist at a financial firm, and you’ve always dreamed of one day working in a hedge fund; maybe with Soros, maybe Stevie, who knows, whatever. So you become a dominatrix, drum up some contacts, money, etc. Life is good, you’re on the right track, in no time you’re going to be saying “short sell” or “long sell” or whatever it is they say around those parts. But then, for some reason unknown to your colleagues– fellow receptionists and dominatrices alike– you stop that racket. Business suffers. You wake up in a cold sweat every night because– you might not get to one day work for a hedge fund. Basically, you’re Gina Pane, 31. What do you do next? The answer is apparently more scatological than it would seem:
“He wanted to go to a motel in the Bronx where I would defecate on him, but I told him I was uncomfortable going to the Bronx,” testified the dominatrix, Gina Pane, 31, buttoned up in an olive-gray suit with her black hair pulled back in a bun. “I suggested that we go into a woody area. He was very excited.”
The officer, she testified, performed a sexual act as she finished.
‘Dominatrix’ alleges bizarre sexcapade with cop [The Journal News via Gawker]
Doubling Up [New York Post]
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Argent
Duke Brothers Morgan Stanley to Corner the Orange Juice Smog market?
By John Carney [Reporting live from the trenches of Wall Street, we bring you the first dispatch from DealBreaker special correspondent Paul Paftinos.]
In what is expected to become a growing trend, as we see political power shifting from the Anti-Kyoto policy of the Bush/Special-Interest coalition and individual states making efforts to begin adhering to Kyoto-like controls regardless of existing federal standards, Morgan Stanley has followed rivals such as Goldman Sachs and BNP Paribas by throwing its hat in the ring of the burgeoning CO2 Emissions Trading market.
Unlike Goldman though, which simply stuck its toes in the water by lightly trading on the European Trading Scheme, (ETS) which is currently the most advanced platform to trade the new commodity (CO2 Emission Credits), Morgan has instead announced its intention to spend an unparalleled $3 Billion, which “will be used to buy carbon credits in the various emissions trading schemes around the world.”
About 90 per cent of the bank’s investment will be used to buy carbon credits in the various emissions trading schemes around the world. The European Union has the most advanced carbon emissions trading market, but a global informal carbon emissions market may be developing with schemes in the US, Japan and Australia.
Morgan Stanley will invest the remainder in energy projects that generate lower emissions than conventional energy projects and earn emission credits that can in turn be sold in the various emission schemes.
2.7 Billion is going to buy Morgan a lot of dirty air. And considering there is a fixed amount of credits allocated by member nations, could this be construed as an early attempt to corner the smog market? (cough)
Global push to cut greenhouse emissions [Financial Times]
The Big Money Pouring into Carbon Trading [Financial Times]
It only takes Vanessa Grigoriadis seven paragraphs before her New York Magazine piece on billionaires hits on one of our favorite subjects: sex-crazed rich dudes! More specifically, it’s Jeffrey Epstein time again.
So what’s Jeff been up to? Well, aparently not much has changed. It’s still all work and massages.
To be a billionaire is to be radically free. You are your own galaxy. You make your own rules, hang out with the former president, send tourists to space. Billionaire investor Jeffrey Epstein, who lives in the largest dwelling in Manhattan, a 51,000-square-foot palace on 71st Street—though his business, naturally, is located on a 70-acre private island in the Virgin Islands—was humiliated this summer when his lifestyle was made public. Epstein was known to be a womanizer: He usually travels with three women, who are “strictly not of our class, darling,” says a friend. They serve his guests dinner on his private 727, and are also there for touching.
But it seems that he was also interested in younger women: Over the past few years, a then-17-year-old Olive Garden waitress, Haley Robson, brought at least five high-school girls between the ages of 14 and 16 over to Epstein’s house in Palm Beach to “massage” him, which meant watching him masturbate and even allegedly having sex. Epstein’s defense seems to be that he didn’t know the girls were minors, and that he is “very passionate about massage,” as one of his lawyers says.
Those who know Epstein say he’s unfazed by his travails. “He’s totally open about his life: His life is about making money and living an erotic life, and his escape isn’t alcohol or drugs—it’s sex,” says a friend. “I was talking to him the other day, and he said to me that he was doing well and working steadily—between massages.”
The rich really are different. And by different, we mean: pervy.
Billionaires Are Free [New York Magazine]
New York Magazine ran a profile Wednesday on Casey Lauren, a hostess at G Spa/waitress at Butter, who says of herself, “I’m blonde, but I’m not retarded.”
Here’s the towheaded non-retard’s response to “Do guys hit on you?”
At Butter they usually ask you to sit down with them. Or they’ll go to the bathroom without their girlfriends and say something to you. I got offered a $100,000 job last week from a guy — he did some investment banking or probably a hedge fund, I forget which — who asked me to go out to dinner and then be his assistant. I said, “What’s the difference between going to dinner with you and being your assistant?” He said, “If you’re my assistant, you get to go to lunch and dinner.”
See, girls, meeting the man of your dreams is easy. The hard part is getting him to not fuck the hostess at G-Spa.
Casey Lauren of Butter and G Spa Doesn’t Want Your $100,000 [NYM]
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Bruce McMahan
The Hedge Fund Guy Who Reportedly Married His Daughter, Revisited
By John Carney
Remember Bruce McMahan? A few weeks ago we pointed you to the story in the Broward Palm-Beach New Times detailing allegations that high-flying hedge fund manager Bruce McMahan had married his daughter. Well now the New Times is back, responding the denials from McMahan and his family with even more evidence that he really did marry his adult daughter.
The most disturbing/entertaining part of the new story is the New Times recounting of some rather odd defenses of the family. We won’t spoil it by summarizing. Here’s the details from the New Times.
But getting back to our question: What was it about Linda that allowed her to participate in this kind of behavior?
Oddly, a possible answer to that question may have come from Linda’s half-sister, Heather McMahan, who jumped to the defense of her family’s honor in a story in the New York Post last week.“[Linda] was a very sexual person, like most McMahans tend to be. We have a pretty strong libido — all of us,” Heather told the Post in a story in which she went on to describe her beloved half sis as a sexual freak show. At a party, for example, Heather said that Linda turned a goodbye peck into a Girls Gone Wild moment.
“She put her hands on both my cheeks and goes right for my mouth,” Heather told the Post. “I pulled back, and she said: ‘Wait a minute. If you don’t let me kiss you on the lips, how are you going to let me kiss you down there again?’”Now, keep in mind Heather told these things to the Post because she wanted to convince the American public that Linda and her father would never, ever engage in an incestuous relationship.
Let’s break down Heather’s reasoning: Heather assures us that Linda would never sleep with Dad — and she knows this how? Because Linda made sexual come-ons to her own half sister.
I guess that’s the kind of logic that makes sense only in families who control more money than the gross national product of Uganda.
There are more pictures of the alleged marriage and other gross-out, weirdo details at the New Times, so be sure the read the whole thing.
McMahan Family Values [Broward-Palm Beach New Times]
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