Even S.I. Newhouse Hates ‘Portfolio’

FINANCE
• Alan Greenspan on high-risk investors: "I must admit that I do not have considerable concern about their net worth going from $40 million to $5 million." Dude keeps getting awesomer. [CNN/Money]
• Michael Jensen, an early advocate of higher pay for top performing executives, praises private equity for making someone the boss of the CEO. But you have to wonder — who's the boss of Steve Schwarzman? [NYT]
• Morgan Stanley was fined $12.5 million for withholding subpoenaed emails that it claimed had been lost in 9/11, when the firm's servers were destroyed. [NYT]

MEDIA
• Looks like the Clintons really were responsible for killing an anti-Hillary piece at GQ, though a staffer, rather than Bill himself [and surprisingly, not Doug Band] made the call. Not to worry though — The Atlantic supposedly picked up the piece instead. [WP, Mixed Media/Portfolio]
• The Columbia Journalism Review has creative solution for keeping journalism alive: government subsidies! [CJR]
• Even S.I. Newhouse thinks Portfolio is lame. [NYP]

LAW
• Debevoise & Plimpton became the first American firm in the 700-year history of the British Attorney General to hire away a former AG. The guy's a QC, PC, a bencher Gray’s Inn, and a Crown Court recorder — whatever the hell that all means. [American Lawyer]
• Law firms discover YouTube recruiting, hilarity ensues. [NYT]
• Someone has way too much time on their hands: Marty Lipton, dean of the M&A bar, has a fan blog. [Above the Law]

FASHION
• Seattle will be even crunchier on Tuesday, when its first-ever ecofriendly fashion week begins. [Seattle Times]
• Big-time British model (and mother of 3) Liberty Ross has re-signed with Storm. [British Vogue]
• DSquared’s flagship in Milan had its official opening yesterday, and it turns out the Caten twins love them some wood. [Style File]