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company town

There's Nothing Uglier Than New Money

FINANCE
• Which New York hedge fund makes its employees' spouses sign "postnup" agreements to protect assets? [FT via MSNBC]
• Losses at Goldman's Global Alpha Fund mean smaller checks for employees. Will they leave the firm for a healthier, wealthier fund? [NYP]
• Summer interns at Credit Suisse have an important role to play: standing in line at Shake Shack. [DealBreaker]

MEDIA
• T. Rowe Price, the largest non-family shareholder in Dow Jones, urged the Bancrofts to sell their stake in the company to News Corp. [FT via Mediabistro.com]
• HBO may name two executives to take over for Chris Albrecht, one to act as CEO and the other to run the programming divisions. [Variety]
• Patrick Fitzgerald's investigation into the Valerie Plame case will encourage other prosecutors to seek testimony from reporters, Norman Pearlstine believes. [Time]

FASHION
• Nordstrom is searching for space in New York City. [WWD via Racked]
• Manolo Blahnik has a blog. [British Vogue]
• Thakoon's dream job is to make furniture, not clothes. [The Fashion Informer]

LAW
• Milberg Weiss partner David Bershad is negotiating a plea deal for alleged kickbacks to class-action clients. But will he testify against the firm? [Law Blog/WSJ]
• A former Cravath tax lawyer asked to be tried in "more lenient" Canada after being accused of paying a woman to have sex with her underage daughters. [AP via Canada.com]

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