If you’ve been keeping up with the Raj Rajaratnam insider trading trial, you may have come to the conclusion that things have not been going so hot for the Galleon founder. Though he is of course innocent until proven guilty, so far jurors have heard that Raj’s brother felt the need to destroy his big brother’s “private notebooks,” tapes of Raj telling Danielle Chiesi to keep their dealings on the down low, tapes of Raj telling a friend he knew to buy shares of a company because “one of our guys is on the board,” and testimony from former McKinsey exec that Raj paid him $1 million for his tip about AMD’s acquisition of ATI. Sure, Raj’s former head of research testified he never heard the boss asking for inside information and that the big man was “the most prepared of” any of the Galleon team simply by virtue of being “amazingly educated on the issues at hand” but the odds of getting off? Not so great. That’s why he needs a Hail Mary- one in which he’ll dazzle ‘em with fashion. Continue reading »
clothes
Expert: Raj Rajaratnam Might Consider Spending Some Of The Money Earmarked For Legal Bills On A Personal Stylist
By Bess Levin-
Posted in:
Private Equity
Shamrock Capital Private Equity Exec Identifies Latest Takeover Target: Some Sweet Jos A. Bank Thread
By Bess LevinThe last time Ray Lopez bought a suit, Lehman Brothers was still standing. Now the managing partner at Greensboro, North Carolina, private equity firm Shamrock Capital Partners is ready to go wardrobe shopping again. Lopez, 43, plans to drop as much as $1,500 at Jos. A. Bank on two pinstriped suits, white dress shirts, and a handful of ties: “I feel more comfortable about the economy. Plus I’m seeing these big discounts everywhere.” [Bloomberg, not available yet]
It’s common knowledge among womenfolk that when one has a big date or otherwise nerves-inducing event to attend, the best way to tame those butterflies is to wear something that makes you feel hot (and/or do some shots beforehand). When you look good you feel good and when you feel good you can focus on the task at hand. For Mike Mayo, that date is Friday, when he meets with Vikram Pandit, the man who jilted him, for the first time in two years. Continue reading »
This week marks the 15th anniversary of Maria Bartiromo’s first broadcast live from the New York Stock Exchange. To commemorate the event, CNBC had MB ring the opening bell, join Mark Haines and Erin Burnett on floor during Squawk on the Street, and– I’m assuming though it’s not yet been confirmed– be launched out of a cannon in lieu of the closing bell. The network also asked Bartiromo to weigh in on these last fifteen years. In a long and storied career, in which so much has gone down– what has stuck out most in Maria’s mind? What does she remember? Well… Continue reading »
You like that, bitches?
Perhaps you thought Peter Kraus, he of former Goldman employment, and $25 million for two weeks of work at Merrill would tone things down in his new gig running Alliance Bernstein? That he’d take a page from Lloyd and Jamie’s playabook re comp this year? That go with the John Thain hair-shirt approach to decorating his new office, change nothing and work off a card table no matter how hard that million dollar antique piece of ass beckons? That he’d fail to ba-ring it on the color coordination? Wrong-o , ladies! Not only is Pedro putting shit all over the walls of his executive suite, not only is he taking home a few mill more than LB and JD for last year, not only is he wearing his hair slightly longer than is conventional but he is working it with the shirt and tie combo, the Post breathlessly reports. Continue reading »
Lisa And Phil Falcone’s Ungrateful Neighbors Can Only Think Of One Nice Thing To Say About The Couple
By Bess Levin
Imagine if this outfit had been put together while under the influence.
As you may have been aware, Phil Falcone and his wife Lisa bought the Bob Guccione manse in 2008 and are currently in the process of some major renovations. Such changes, which are costing the Harbinger founder around $10 million (on top of the $49 million he paid for the place originally) will bring joy not just to the couple and their twin daughters (who will have their own floor in the East 67th Street townhouse). And yet, rather than think about the fact that the Falcones will probably quite generously invite the neighbs over for a dip in their new 34-foot-long indoor swimming pool (the old one had to be replaced, on account of the whores), rather than step back, pause and thank whoever was responsible for insisting Lisa have a bar installed in one of her walk-in closets, which will undoubtedly kick the Mrs’s sartorial choices up Long Island Iced Tea notch*, all these people can do is bitch. Continue reading »
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