CEO Accused of Golf Manipulation

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Guru Meditation:

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FINANCE
• Hollywood Country Club is looking into allegations of score altering in a July 4 golf tournament by Bear Stearns CEO Jim Cayne. [CNBC]
• The SEC began an investigation into Whole Foods CEO John Mackey's anonymous online postings. [DealBook/NYT]
• Morgan Stanley's John Mack is hosting a fund-raiser for Hillary Clinton today. He supported George W. Bush in 2004. [Financial Times]

MEDIA
• Christopher Bancroft has launched a last-ditch effort to halt the sale of Dow Jones by buying up fellow family members' stock. [WSJ]
• Have young women stopped reading magazines? [Ad Age]
• WNYC's Soterios Johnson gets the rock-star treatment from listeners. [NYS]

LAW
• NPR legal correspondent Nina Totenberg won't stand for trash talk from a blog. [Above the Law]
• A losing party in a Supreme Court case has sued its firm, McGuireWoods, for legal malpractice. [NYLJ]
• Dennis Jacobs, chief judge of the Second Circuit, disclosed in a minority opinion that he hadn't bothered to read the majority. [Law Blog/WSJ]

FASHION
• Hedi Slimane will edit the October issue of Wallpaper. [WWD]
• Gisele Bündchen is in talks to star in U2's latest video. [British Vogue]
• Louis Vuitton is ending its sponsorship of the America's Cup after 25 years over concerns that the event has become too commercial. [Fashion Week Daily]