Do you find yourself among the hordes of New York hedge fund managers that Floridians say are moving to Florida? Looking for a suitable base in the new Greenwich, Palm Beach? Maybe something not-quite-Rosensteinesque, but with a little something extra? Something presidential, perhaps?
If so, you’re in luck: One New York private-equity guy who thinks Palm Beach is a great place to visit but no place to live is cashing out of a little piece of Camelot: the former home of bootlegger, insider-trader, inaugural SEC chairman, presidential and senatorial father, and all-around Renaissance man Joe Kennedy. Read more »
As many a successful financier can attest, amassing immense wealth does not protect one from having to interact with inferior beings. Never more is this unfortunate reality on display than when one deals with the food services industry, and waitstaff who don’t know their ass from their elbow. Whether it’s a matter of meals not being brought out hastily, failing to provide a good enough answer to the question of which entree they’d choose, or refilling the water glasses with a look on their face, it just never ends with these people, does it? While some are content to say nothing when confronted by these subpar beings and their subpar service, others realize that to ignore the issue is to do a disservice both to themselves and those needing the err of their ways called out. Bill Gross, for instance, leaves negative tips for waitresses he deems not up to snuff. Mitt Romney would (probably) fire them. For his part, private equity veteran John Castle chooses to be a bit more direct. Read more »