Si Newhouse: Please Have Your Assistant Call Albany!
Things are not looking up at Condé Nast, the publishing conglomerate controlled by shadowy billionaire Si Newhouse. Yesterday, Chuck Townsend, the company's CEO, sent around a memo warning that "difficult decisions" would have to be made "to ensure our financial well-being," and insiders suggest a big budget cut is imminent. What to do? Well, here's one way to start: Si Newhouse and his nephew Steve should really have their assistants fill out the forms so they get the unclaimed funds in their names returned to them by the New York State Office of the Comptroller. Uncashed checks, stock dividends, credit balances: There could be a fortune there! Or, at the very least, enough to save the job of a lowly assistant or two. After the jump, a list of what Si and Steve are owed by American Express, Aetna Health, the State of Louisiana, Tiffany & Co., and a handful of banks.