Pincus Duplex Gets a $7 Million Haircut

cityfile · 12/10/08 01:48PM

If the competition to close Manhattan's next mega apartment sale is heating up as the Observer's Max Abelson suggests, then Corcoran's Joan Kaplan looks like she's hoping to be a contender. The price of Lionel Pincus' 7,000-square-foot Pierre duplex, which has been on and off the market for more than a year, was just dropped from $50 million to a much more modest $43 million. The price cut comes on the heels of a recent court decision, which gave Pincus's sons, Henry and Matthew, the right to sell the duplex over the objections of Princess Firyal of Jordan, Pincus's former girlfriend. (Pincus was deemed mentally and physically incompetent in 2006.) The reduction also comes a week after it was reported that Pincus now owes over $10 million in property liens. A floorplan of the newly-discounted 30th and 31st-floor duplex is after the jump.

The long goodbye

Owen Thomas · 12/10/08 01:40PM

Everything takes forever at Yahoo, the once high-flying, now famously sluggish Internet giant. Today's layoffs of 1,500 employees have been expected for months. And yet the strange thing is so many Yahoos seem unprepared.

All Are Bored

Richard Lawson · 12/10/08 01:33PM

Would you pay $25,000 and up to be stuck on a boat with John Mayer? He sure hopes so! [ebay, via Enq]

Les Moonves Confident 'CSI' Will Crush Leno: 'By A Lot'

Seth Abramovitch · 12/10/08 01:32PM

As Jeff Zucker foists his last hopes for NBC on Leno and his arsenal of funny newspaper-clipping typos, his arch nemesis—future galactic despot Les Moonves—couldn't help but engage in a favorite pastime:

Glass Ceiling to Crack in '09, Say Experts

cityfile · 12/10/08 01:21PM

Women in 2008 "made no significant gains in winning more top U.S. business jobs," according to a new study released today. (If you work on Wall Street, consider it the Cruz-Callan conundrum.) The good news? Women are expected to make major strides in the year ahead, since Barack Obama's victory has led to an increased desire for—yes, you guessed—change. Oh, and because men have screwed up everything they've touched over the last few years. [Reuters]

Julia Allison Wants To Make "Fuck You Money"

Hamilton Nolan · 12/10/08 01:11PM

Julia Allison: entrepreneur, feminist, hero of our time. She's publicly announced her desire to go to business school, and when she went to visit Harvard Business School the other day "quite a few people" had read her blog and came at her with all types of questions! So naturally she sat down and made a video about her intentions—not just for her own education, but also for her fake company, Nonsociety, which she would like to sell in 3-5 years. After the jump, watch Julia expound on her well thought-out scheme to make "fuck you [Nick Denton] money":

The Media Companies With The Best Job Security

Hamilton Nolan · 12/10/08 12:51PM

Just about every media company, from us (small) to Time Inc. (big) to many others of varying sizes, shapes, and predilections have been laying people off lately. Because everything is terrible, especially the prospects of media employment! Still, we don't want to be perceived as negative. So we've assembled a roundup of the major media companies that haven't had any big layoffs throughout this new depression, and analyzed why they've been so fortunate. Praise them:

The House That Malnourished Brazilians Built

cityfile · 12/10/08 12:45PM

Eileen Ford, the co-founder of Ford Models (her husband and partner, Jerry Ford, passed away earlier this year) has been trying to sell her New Jersey mansion for two years now. Last week the Journal reported that she'd discounted the property from $8 million to $6.5 million. Luxist has a few photos inside the home.

Beware of the Exploding Hedge Fund Manager

cityfile · 12/10/08 12:26PM

Hedge fund titan Cliff Asness is not a happy camper today. The founder of AQR Capital (and a man once described as one of the smartest guys in the business) is firing back at Dealbreaker.com for reporting on his firm's losses and suggesting he'd fired his own secretary, as well as at former employees of his fund, who appear to have been ripping him to pieces in anonymous comments: "The internet's a great place for anonymous ignorant fools who feel like tough guys in the know when they post their verbal vomit. Enjoy your fun while it lasts. When we go back to doing great for clients what are you going to do for fun? Well, whatever, I'm sure it will be dishonorable and cowardly." [Dealbreaker]

Our New Factchecker: James Frey

Sheila · 12/10/08 12:22PM

So far, intern James Frey has brought us doughnuts (some with sprinkles!), fetched coffee and is now out on a beer run. But he completed his first assigned task: a factchecking report on this morning's Gawker posts. While we applaud our intern's effort, James Frey is surprisingly not the most reliable factchecker.

FBI Investigating Norm Coleman's Suit-Buyer

Pareene · 12/10/08 12:19PM

Minnesota Senator Norm Coleman, currently fighting to protect his seat from vile comedian Al Franken, got some good news and some bad news this week. The good news? Minneapolis officials lost 133 ballots, and they just gave up on finding and counting them. Those 133 ballots would most likely have given Franken a net recount gain of about 46 votes, based on the voting habits of Minneapolitans. So Coleman's 192-vote lead is looking good, as the board of elections moves to considering the thousands of challenged ballots. But here's the bad news: Coleman's under investigation by the FBI!

Unflappable 'Douchebag' Jimmy Fallon Meets His Critics

STV · 12/10/08 12:00PM

Once and future late-night afterthought Jimmy Fallon hit his stride on his second day of videoblogging, treating viewers to an early glimpse of the set of his show and reacting gleefully about the Leno news—

Jesse Jackson, Jr. Is Senate Candidate 5

Pareene · 12/10/08 11:52AM

Senate Candidate 5? It's Jesse Jackson, Jr.! Someone connected to the congressman apparently had ROD BLAGOJEVICH convinced that ROD BLAGOJEVICH would make a cool million dollars by appointing Jackson to Barack Obama's Senate seat, against the president-elect's wishes. Jackson says he was told he's "not a target of this investigation," and says he'll cooperate with the investigation. This makes two Obama allies caught seeming a bit corrupt in the Blagojevich filing!

A Nation of Jonas Brothers Fans

cityfile · 12/10/08 11:51AM

Looking for some proof that the American cultural economy is as busted as the financial one? Google just released its annual "Zeitgeist" report, which aggregates the billions of searches conducted on the site over the course of the year. Here are the top ten most popular searches for concert tickets: 1. Jonas Brothers; 2. Coldplay; 3. Hannah Montana; 4. Kenny Chesney; 5. Carrie Underwood; 6. Radiohead; 7. Lil Wayne; 8. Madonna; 9. Eagles; 10. Rascal Flatts. [Google Zeitgeist]