Eyebrows Are Raised Over Morgan StanleyMorgan Stanley CEO John Mack grapples with plummeting profits and a rogue trader, a summer associate messes with the wrong guy at the company picnic, and Rachael Ray buys in the Hamptons, in our daily roundup of finance, law, media, and real-estate news.
Kristin Davis Is Not a Slut, Okay?Kristin Davis got annoyed that Evan Handler’s wife jokingly referred to her as a “slut” when Handler had to film sex scenes with Davis on Sex and the City. Real-estate developer and Observer owner Jared Kushner recently replaced his dinner table with a Ping-Pong table and says more people come visit him now. Carly Simon says she never slept with Mick Jagger, but Bianca Jagger doesn’t believe her. Folk legend Pete Seeger is still annoyed that his protégé Bob Dylan switched to electric guitar back in 1965.
Gwen Stefani says that she thinks celebrity gossip is gross, but she’s addicted.
Neil Diamond Reveals the Cute, Pervy Roots of ‘Sweet Caroline’Late yesterday, singer Neil Diamond revealed that the inspiration for his famous song “Sweet Caroline” was a girlish Caroline Kennedy, who was 12 when the song was originally released. He even performed the song via satellite at Kennedy’s 50th-birthday party last week, which friends say was a thrill for the charitable New Yorker. This unwraps one of music’s great riddles, in the order of “Who is Carly Simon singing about in, ‘You’re So Vain’?” and “Hey Steve Miller, what the hell is a ‘pompatus’?”
Diamond, 66, said he was a “young, broke songwriter” in the ‘60s when he saw a cute photo of Caroline Kennedy in a magazine. “It was a picture of a little girl dressed to the nines in her riding gear, next to her pony,” he recalled. “It was such an innocent, wonderful picture, I immediately felt there was a song in there.”
Wait a minute … There may be a lot of complicated lyrics to that song, but we seem to remember at least a couple that aren’t “little girl” appropriate…