Morgan 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.
Paul McCartney's ex drops some of his dime on a New York pad, well-meaning yuppie scum set up shop in the East Village, Enrique Norten gets a second chance in downtown Brooklyn, and more, in this week's kickoff to our daily boroughs wrap-up!
More troubles for Sam Zell, Heather Mills is coming to town, and half of Bear Stearns employees are facing the ax. Click through to read the rest of our news roundup from the fields of media, law, finance and real estate.
The indie actress is felled by a viral infection, Salman Rushdie would vote for Barack Obama, and writer Peter Davis cares too much about a socialite contest. All that and the rest of the gossip from New York's tabloids today.
Counting Crows lead singer Adam Durtiz laments the fact that he's 43, single, and sits home a lot. Alan Greenspan is worried about the economy, but he can't be that worried: He celebrated his 82nd birthday the other night with a pricey dinner at Le Perigord. Jimmy Kimmel says he bought his ex-wife an engagement ring from Costco. Bill Clinton says his favorite movie of the year was Michael Clayton, but that he hasn't seen There Will Be Blood. Defense attorney Mickey Sherman says he uses Otter's "It's the system's fault!" speech from Animal House to justify defending shady clients. Tina Fey thinks she's funnier than Jon Stewart.
A U.K. judge has just awarded Heather Mills around $50 million of Paul McCartney's money, enough to keep her in golden legs for a lifetime. You think she'd be pleased about this, right? But no! Immediately after the proceedings, Mills stalked down the steps of the London court and complained to the press that the judge said that McCartney was worth £400 million when "everyone knows he's worth £800 over the last fifteen years." Then she announced she would contest the decision to make the settlement figures public, which she said Paul had insisted on doing. "He has always wanted it public because he wants to make it look like he is … generous," she ranted, because apparently nothing will make her happy and she will never go away ever.
UPDATE: From CNN: "The judgment included 35,000 pounds ($70,000) a year for the couple's 4-year-old daughter, Beatrice. Mills said she was unhappy with that amount because it isn't enough for school tuition, private security, or first-class airfare. 'He likes her to fly five times a year on holiday," Mills said of McCartney. "It's 17,000 (pounds) for two people return (round-trip) first class, so that's obviously not meant to happen for her anymore. It's very sad.'" Because obviously that can't come out of the $50 million.Judge Awards Heather Mills £24.3 Million in Divorce Ruling [Times UK]
Related: Intel's Weird Obsession With Crazy Heather Mills
Amy Fisher is unbothered that the bullet she fired into the head of Mary Joe Buttafuoco is still lodged in her brain. "I feel no sympathy for Mary Jo," she said. "I still have silicone in my boobs, and you don't hear me complaining. She can't feel her bullet, and I can't feel my silicone." Gwyneth Paltrow said that she and hubby Chris Martin are open to adopting a baby but that they'd likely get it from Brooklyn instead of Africa. Don't you know? It's CNN that is biased! They're the ones who have a problem with letting Fox News anchors appear on their shows, despite the fact that Fox News lets CNN anchors appear on its programs, the Rupert Murdoch–owned Post tells us. They're probably just scared. Pussies.
Sheryl Crow thinks it's "pathetic" that Lance Armstrong is dating Ashley Olsen. Paris Hilton has been frequenting New York hot spots very late at night (or, rather, early in the morning). Donald Trump Jr. is suing the board members of his West Side condo for kicking him off. Jon Corzine's ex, 48-year-old Carla Katz, is dating a 32-year-old American soldier and former model. Torch, a new club slated to open tonight, is scrambling to get Tiki Barber and 800 other invitees not to show up because the plumbing isn't ready. A guy on the subway once told Matthew Broderick that he looked and sounded exactly like Matthew Broderick.
Don't you hate it when you talk smack about someone and it comes back to haunt you? That's what happened to Barbara Walters, who ranted uncharacteristically about Heather Mills on The View last week. "I went on the program and said [Mills] was sort of diva-ish — so I said that," she said on her Sirius radio show last night. Actually, what she said was that Mills was "not a nice woman" but that's not the point: The point is that as it turns out, Nancy Shevell, the cute Hamptons lady the tabloids later that week claimed was boffing Paul McCartney, happens to be Barbara's very own cousin. "Well, now it turns out that my cousin is Paul McCartney’s new girlfriend so it looks as if I deliberately bashed Heather," she said. It does, kinda, doesn't it! Wawa went on to talk about the sage advice she offered her cousin, one celebrity to another:
This is all so new for her. I keep saying to her — you know you have no idea you know what I say to her most — we both have a mutual cousin who used to always say to me, "Why do you go out without lipstick — don’t you realize people are looking at you?" And I’d say, "I don’t have the time " Now I’m saying to Nancy, "Nancy, don’t go out without lipstick — you never know who's standing next to you."
Harvey Weinstein either physically removed a D.J. who was acting inappropriately with a lady at his table at Rose Bar or was punched in the face by him. (He's also getting married next month.) Denzel Washington had 30 bespoke suits made by an English tailor on East 53rd Street. Liz Smith speculates that the next Time person of the year will be the environment. Cindy Adams reports that a book on Heather Mills is in the works. The owner of Baraonda, the Italian eatery at 75th and Second, got a new lease on the space. PR guru Lara Shriftman has given into the pressure and revealed the daddy of her baby: rum heir Juan Bacardi.
British celebrity biographer Neil Simpson, tired of ghostwriting for Big Brother 3 contestants, has sharpened his quill and is taking on an unauthorized biography of Mucca herself, The Unsinkable Heather Mills. And can you blame him? If ever there was material crying out for unauthorized-bio treatment, it's the story of the one-legged former prostie who married a Beatle. This morning, in what may be best column in her entire career, Cindy Adams summarizes the manuscript, which spans Mills early life to the present:
It was cheap food. Rabbit. Age 10, she stole. Shoplifted. Drank. Her father's in prison Next, her boyfriend Peter overdoses on heroin. She herself sleeps on the streets. She worked for a jeweler. She stole from the jeweler. She's arrested. Then come paragraphs on the sex trade, naked photos, endless lying, pleasuring Arabs, being kept And so on until The Tragic Accident. The narrative then osmoses into her realizing the key to power and, thus, selling that horrifying story of losing her leg for the highest newspaper bid. It included this woman Doing It in her hospital bed. It was about losing a leg but the sex being as incredible as ever blaah blaah and soon Heather was on her next lap — and it was Paul's.
What a difference a day makes. As much as we're loath to give Heather Mills more attention, the Daily News and Post are so obsessed with the Paul McCartney–Nancy Shevell fling that it's impossible to ignore. And we couldn't help but notice the difference in Mills's take on the issue from yesterday to today. Yesterday, her rep told us that Mills said, "Paul is a free man now. He can do what he wants!" But today, we learn from the Post that Mills is "seething with rage over her soon-to-be-ex-hubby's lip-locking love affair."
"Why didn't you tell me?" Mills allegedly shouted at the beloved Beatle during a phone call she made after spying paparazzi pictures of him spending last weekend romantically paling around with their old family friend, Nancy Shevell. "There was a huge row," a source told London's The Mirror newspaper. "Heather asked what the hell he thought he was up to."
Former New York Stock Exchange chairman Dick Grasso may or may not have had an affair and fathered a love child. Steven Spielberg ate at the Waverley Inn with his family and a whole lot of other famous folks. Denise Rich sang a Rolling Stones song to an audience that included Donald Trump Jr. and Ivana Trump at new venue Espace. Benicio del Toro appeared at the Gay Men's Health Crisis Center as a sponsor for a meth-addict friend. One of Howard Stern's sidekicks filmed a porno inside Stern's studio with Ron Jeremy. Jay-Z may be "scrambling" because the lead single from his American Gangster album is not doing well.