Lloyd Blankfein Invokes Little Known Clause In Employee Exit Contract In Order To Sell Upper East Side Pad


Lloyd Blankfein's housing troubles have been well-documented. Though safely ensconced at 15CPW for some time now, where nothing can hurt the billionaire and multi-millionaire residents and where no problem can't be solved with soothing touch and a bedtime story by Sandy "4G" Weill, the li'l fella had been trying in vain to sell his 941 Park Avenue apartment for over a year. He and the wife, Laura, had originally hoped for $15 million when they listed it in June 2009, but saw no interest. They slashed it to $13.5 million and again, no bites, even after throwing in extras like Lucas van Praag serving as nanny/bartender three nights a week. What the Christ was Lloyd supposed to do?

Suffering the indignity of letting the place languish on the market for another 8-12 months was out of the question as was renting the place out 'til things picked up. That shit's for whores and Tim Geithner. As the Times reported Friday, LB was finally able to unload the place and now that we know the buyer was ex-Goldman employee Bryce Markus (currently with BlueMountain Capital), it's pretty obvious how. It's just a theory, of course-- that's been more or less confirmed-- but wheneve GS'ers leave the nest, they're made to sign thick exit contracts that include several pages agreeing that upon their release, at any given time, they maybe be called upon and must comply with certain demands including but not limited to bailing a partner out of jail at 3AM, stepping forward and claiming to be the father of a child conceived with a hooker, and so on and so forth. You do the math.

Finance Exec Pays $12 Million For Blankfein Duplex
[The Real Deal via BI


Ken Lewis's Great Idea Pad Sells For $3.15 Million

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.