John Mack thought that by offing co-president Zoe Cruz last month, he himself might be spared the guillotine over Morgan Stanley's mortgage-related losses. But lo, it is not so easy. It's dark times out there on Wall Street; the cobblestones are stained with blood. And after Mack's announcement yesterday that Morgan Stanley would be taking a $9.4 billion write-down, the people are clamoring for a new sacrifice, and the writing is on the wall for John Mack. Also, it's in the papers.
"He's a chronic destroyer of value," Kevin Murphy, a retired Morgan Stanley airline analyst who recently sold his stock, told the Wall Street Journal today. "He's a nice person, but you put this guy in the corner office and there's an x factor where he hurts himself."
At long last, it is raining babes for Matt Saracen, also known as “QB1,” which is Texan for “starting quarterback.” Julie is dragging her broken heart around, wondering why she ever pushed him away ('cause he’s dull and predictable, that’s why, Julie).
The latest Video Look Book from the tents introduces us to Joy James, a businesswoman who loves original fashion because, as we know, it "tells a lot about you." So what can we tell about Joy from her J. Mendel frock and custom-made hat? Watch and see.
It's day three of the model walk-off and things are getting heated. Missy Rayder gets an honorable mention for one helluva comeback, popping up in the amazing Proenza show. Let's hear it for the Americans! But top honors go to Brazilian stunner Raquel Zimmerman, whose first opening show this season was also at Proenza. Jack and Lazaro know how to pick them. We can’t argue with that.
Last week "Page Six" reported that Tenjune owners Eugene Remm and Mark Birnbaum were eyeing Lotus and Pizza Bar. Sure, even Lotus’ waitress considers it a “tourist attraction” and the owners do have a lot on their hands (their new Mexican restaurant Los Dados is now up and running and Double Seven, previously slated for a mid-summer reopening is now scheduled to do business “in the next few months,” according to a rep), but is Lotus really for sale?
Last month we reported on the possibility of a new B.R. Guest BBQ restaurant on Park Avenue South, and B.R. Guest officially pooh-poohed the idea. But we trust our BBQ world sources, and we have a lot of them, so today, we've got the details. The place will in fact be in the old Barça 18 space, as we predicted, and will be called Wildwood BBQ. David Rockwell will do the interior, which will include a 75-foot-long bar and 200 seats. Our take? Though there's no doubt that B.R. Guest group knows how to run a restaurant, barbecue is not just another "concept," and corporate restaurants, with their tight financial controls, rarely produce great meat. And it's an odd place to put it, given that three of the best barbecue restaurants in New York are in the Madison Square Park–Flatiron area, in RUB, Hill Country, and Blue Smoke.