MEDIA
• Britney Spears looks great on the new cover of Blender — too bad it's not her body. [Radar]
• Stephen Chao, the former News Corp. exec who lost his job after hiring a male stripper for a company party and almost drowning Rupert Murdoch's dog, announced a new Website for how-to videos. First video: how to get fired in two easy steps. [NYT]
• Now that Judith Regan's settled her suit with Murdoch, will she give her winnings — likely north of $6.5 million — to charity like she once promised? [Mixed Media/Portfolio]

FINANCE
• Jérôme Kerviel may be France's newest Che Guevara, inspiring T-shirts for his brilliant scheme to bring capitalism to its knees. [NYP, Alphaville/FT]
• Daniel Marino, the former CFO of Bayou Capital, was sentenced to twenty years for his role in a $450 million hedge-fund fraud. [NYT]
• UBS took another $14 billion hit off the subprime bong. [CNN/Money]

LAW
• Senior associates making more than new partners? For shame! [Legal Times]
• Lessons to learn from the Mary-Kate–Heath Ledger fiasco: Why Lawyers Should Not Engage in Media Relations. [Starkman & Associates, Above the Law]
• How long should Bill Lerach be in prison? His lawyers had hoped for as little as a year, but prosecutors are gunning for two. [Law Blog/WSJ]

FASHIOIN
• Karl Lagerfeld: teddy bear? We guess he’s cuddly. [WWD]
• Is it really a good idea for Naomi Campbell to mentor the latest crop of models? [British Vogue]
• Model Lydia Hearst has a new boyfriend, and he's not even a celebrity! [NYO]