Yes, much has changed. But, comfortingly so, much has stayed the same. For example, the subject matter of Holly’s latest book, which was a topic of discussion in the Hamptons this week and whose plot can apparently be summed up as “a lotta sex.” Plus! “A stock-fixing scheme.” Bloomberg reports: Read more »
It pays to be an employee at 15 Central Park West. Author Michael Gross reports in House of Outrageous Fortune, his new book about the behemoth condo building, that the average worker there made $22,500 in tips during the holiday season in 2011, give or take a few Benjamins…Not bad for tending to a tower full of influentials, plenty of whom have made Fifteen — its nickname, apparently — their base of power…Sandy Weill…is remembered by one (anonymous) staffer as being “very demanding … An automatic call is made to the manager if a letter or a magazine doesn’t arrive when it’s supposed to.” [NYM, related]
When I arrived at Taft, they lost my paperwork, so I spent five days in solitary. It was brutal, absolutely brutal. But it was minimum security, and after solitary it was like a boys’ club — and who’s my bunkmate? Tommy Chong from Cheech & Chong. I couldn’t believe it. He was in the process of writing his book. We used to tell each other stories at night, and I had him rolling hysterically on the floor. The third night he goes, “You’ve got to write a book.” So I started writing, and I knew it was bad. It was terrible. I was about to call it quits and then I went into the prison library and stumbled upon The Bonfire of the Vanities by Tom Wolfe, and I was like, “That’s how I want to write!” When you’re in jail, you have a lot of time to think about your mistakes. It was completely mellow. I played tennis three hours a day, and I’d write for maybe 12. [THR via BI]
Over at the Wall Street Journal today you will find a “Where are they now?” round-up of what “The Cast of the 2008 Financial Crisis” has been up to of late. Most of the entries mention books (Paulson, Geithner), current jobs on Wall Street and with the government (Thain, Bernanke, Steel, Dimon, Weinstein, Paulson), low-profiles and responses of “No comment” (Cayne, Mozilo, Fuld, Diamond). While lawyers for former BofA chief Ken Lewis did not get back to the Journal, “someone” close to the guy did offer this delightfully quaint update, which actually sounds like it was intended for his college’s alumni magazine or the Lewis family newsletter. Read more »
It’s been six-and-a-half long years since Brian Hunter single-handedly destroyed a happy little “multi-strategy” hedge fund called Amaranth Advisors. Or did he?
Well, yea, with an assist from deregulation, the juvenile trading culture and some oversight that left a few things to be desired, according to the book we can now all turn to when we need a laugh at the man from Calgary’s expense.