Trouble in Paradise for Marc Jacobs and Jason PrestonWe’ve never seen Marc Jacobs and boyfriend Jason Preston act very lovey-dovey, so we’re not surprised they experienced turbulence in paradise last week. Today the Post reports they fought so badly on a recent trip to Turks and Caicos that they had to cut their vacation short:
Michael Stipe Is Finally Okay With Being GayR.E.M.’s Michael Stipe finally comes clean about being gay in this month’s Spin. Marc Jacobs and boyfriend Jason Preston got into numerous screaming matches while on vacation together in Turks and Caicos and flew back on separate private jets. Danny Masterson had his 32nd-birthday party at the South by Southwest music festival in Austin, and it had a mechanical bull. An unnamed socialite dropped from a size 14 to a size 0 by picking up a heroin habit. Eminem, however, has hired a personal trainer to help him lose weight.
Bank of America’s Friends: One Is Silver and the Other’s GoldEmbattled CEOs like Citigroup’s Chuck Prince, whose departure has been rumored and longed for since he announced profits were down by 60 percent last month, and Merrill Lynch’s Stan O’Neal, who the other day announced they’d be taking $8.4 billion — that bears repeating: $8.4 billion — in write-downs, ought to take a cue from Bank of America’s Kenneth Lewis, who after reporting a 32 percent drop in third-quarter results decided to do like a smart despot and start executing his cronies before the people start marching him to the gallows. Last night, Lewis announced a restructuring of the bank, which includes the “early retirement” of B of A head of investment banking R. Eugene Taylor, above, a trader for some 38 years and a longtime tennis buddy of the CEO’s. He’ll be replaced by Brian Moynihan, a bright young thing who will move from Boston to New York to take over the division. But Moynihan has never run a capital markets unit before now, and honestly, with the Red Sox in the World Series, how popular will he be in New York?
BofA’s Wall Street Retreat [WSJ]
Related: The Hanger-on [NYM]
Pissed DaddySean Combs threw a hissy fit when he wasn’t allowed into CAA’s post–Golden Globes party, may have gotten himself banned from Sunset Tower. Lindsay Lohan may have hit the bottle, and then hit rehab, after being rebuffed by James Franco. Paris Hilton’s left eyelid is droopy because she once had surgery to raise her lids, and it’s getting worse because she continues to wear tinted contact lenses. (We can’t believe we just typed that.) British chef Marco Pierre White claims the New York Times once hired a private eye to dig up dirt on him in an unsuccessful attempt to prove he had a booze and drug problem. Hillary Clinton to throw a book party for Chuck Schumer at his favorite Chinese restaurant on Capitol Hill.