David Tepper Gets The Go-Ahead To Stick It To Jon Corzine


As you may recall, last fall, Appaloosa founder David Tepper told New York that it would be fair to interpret the fact that he bought the $50 million beach house belonging to the ex-wife of Jon Corzine, the man who passed him over for a Goldman partnership, with the intent of demolishing it and building a bigger, better house in its place as his way of rubbing his success in Corzine's face. “You could say there was a little justice in the world," Tepper, who left Goldman to found his hedge fund and become a multi-billionaire, said with a smile on his face. Today brings word that Tepper's dream will be seen to completion- Sagaponak has approved the demolition of the home, as well as Tepp's request to build a much more luxurious house (large enough to accommodate his noted balls), where the hovel once stood.

Architect Jaquelin Robertson of Cooper Robertson Architects told the Sagaponack architectural and historic review board that the new home would be a cedar-shingled two-story Georgian Colonial-style house and compared the mahogany window trim to renovations at President Thomas Jefferson's Monticello, according to minutes from the board's March meeting.

The design outlined at that meeting includes large, octagonal windows that will run across the second floor dining room "in order to accommodate his client's request to be able to see the sunset," Robertson said in the minutes. The plan also features a sunken tennis court, three-car garage, a widow's walk, second-floor decks including one with a Jacuzzi, and a covered porch. The new house would be 21 feet farther from the beach.

[Newsday via Curbed]


Corzine Kids Take Issue With Vanity Fair's Reporting On Mom, Dad, David Tepper

Back in February, Vanity Fair ran a piece on Jon Corzine in the wake of the whole MF Global situation, attempting to determine "what set Corzine on the road to ruin." Figuring his personal life would be a good place to start, some story lines that were explored included JSC's relationship with his children and his  divorce from Joanne, who he met in kindergarten and was married to for 33 years. The former was described as having become "increasingly distant" as Corzine made his way up the ranks at Goldman Sachs.  The latter "bitter," which was not helped by the fact that, according to VF, Joanne had gotten "too close" to a onetime GS employee with whom Corzine had "bad blood," name David Tepper. Jon's children happened to catch the article and responded to it today in a letter to the editor, the short version of which is "you know nothing." From the longer version: Though we disagree with your analysis of [our father] and find your sources, often referred to as close friends, dubious at best, not to mention nameless, we understand judgments about public figures come with the territory. What does not come with the territory in our minds are reckless allegations and assertions involving private personalities such as the ones you chose to propagate toward our mother, Joanne. Your portrayal of her is the opposite of who we know her to be. The subjective descriptions of her character based on quotes from anonymous “friends” is the elevation of gossip to legitimate reporting. The assertion regarding her becoming “close” to David Tepper is a blatant falsehood. She has never met or spoken to David Tepper. JOSH CORZINE JEFFREY CORZINE JENNIFER CORZINE From the Magazine: Jon Corzine’s Family Responds [Vanity Fair]