They said it couldn’t be done. They said it didn’t matter if it was $4.5 million or $2.5 million or if they were giving it away. They said potentials buyers wouldn’t be swayed by the pitch to “sleep where Angelo Mozilo hath slept, after a few too many troughs of Boone’s farm” (AKA “The Mozilo Bedroom”), or to impress guests with the cocktail party fodder that “that chair you’re sitting in right now the very one Ken Lewis was sitting in when he decided to buy Merrill Lynch, can’t get better investing karma than that.” They said the vomit stains on the rug would not be a selling point. They were wrong. Read more »
JSC has reportedly unloaded his waterfront penthouse, for $2.8 million. That’s 14 percent less than what he bought it for in 2008, which hurts, but on the bright side he’s got some money, if you’ve got any ideas.
JSC has reportedly put his Hoboken hideaway on the market, for reasons that are unclear at this time (and which we should not speculate over. Surely there are some who will be quick to suggest he’s downsizing and freeing up cash in case he needs money for legal fees but we have no idea, do we? Maybe the new venture became a success sooner than anyone thought, and he’s moving to a bigger place. Maybe he’s decided to live in France full-time). Some details, for those interested in a place with a story to tell: Read more »