Wall Street Suffering Butler Shortage

FINANCE
• The Dutch-based International Butler Academy may open a New York training center to supply hedge-fund managers with personal valets. [NYP]
• A Cerberus managing director admits the firm has a horrible name but says it's too late to change it. [NYT]
• Activist fund managers are known on the Street to be bullies. But who's the meanest of them all? Vote now. [DealBreaker]

LAW
• Rudy Giuliani is "stepping back" from the Texas law firm Bracewell & Patterson to save it from what could be embarrassing scrutiny. [The American Lawyer]
• Summer-associate rumor season begins: Did Skadden actually pay a $3,000 liquor bill for a partying wannabe lawyer? [Above the Law]
• Defrauded plaintiffs in the fen-phen suit believe they own part of the racehorse Curlin, who was purchased by two of the lawyers who ripped them off. [NYT]

MEDIA
• Rupert Murdoch will make concessions, but he's not willing to let the Bancroft family have an editorial-oversight board for Dow Jones. [WSJ]
Nation columnist Eric Alterman was arrested last night for criminal trespassing in a private part of the spin room after the Democratic debate. [Political Ticker/CNN]
• CBS wants to be CNN, but Time Warner has no interest in getting rid of the news channel. [Variety via DealBook/NYT]

FASHION
• Fans eagerly awaiting Kris Van Assche's debut as Dior Homme's designer will have to bide their time: There will be no runway show this summer. Instead, the designer will host an intimate presentation. [Fashion Week Daily]
Agyness Deyn's real name? Laura Hollins. [Fashionista]
• Permira struck a deal to buy the Marzotto family's remaining Valentino shares this weekend. [Jezebel]