July 8, 2002 Issue
"He spread his elegance all around. It's not an accident that class rhymes with Blass."
-- Diane von Furstenberg, Last Blass
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BY LANDON THOMAS JR.
Everyone knows that Martha Stewart sold her ImClone stake the day before the bottom fell out -- but that's only the story's beginning. What did glamorous Merrill broker Peter Bacanovic know about ImClone's problem? What did he tell his assistant, Doug Faneuil? What did Faneuil tell Martha? And when does garden-variety glitterati gossip become inside information? How the deal that could doom the domesticity doyenne went down.
This Media Life
The City Politic
BY RIMA SUQI
Independence Day gear, and the Fabien Baron Bounce chair
Plus: Best Bets Daily