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Steve Tisch, Billionaire Baller?

Tisch
Newly divorced billionaire and New York Giants co-owner Steve Tisch might be dating women on both coasts. Martha Stewart created a special Christmas tree for Sirius Radio's office, complete with Howard Stern cookie ornaments. Former NYSE head Dick Grasso left CNBC's Charles Gasparino a creepy "merry Christmas" message on his answering machine, despite the fact that Gasparino's new book takes Grasso to task for the $190 million kiss-off he took after leaving the Exchange. John Mayer has had a crush on Ricki Lake for two years (Ed. note: WTF?!), and actually got her digits at the wonderfully successful Sunshine Sachs Christmas party. Lance Armstrong picked up the tab for dinner with former flame Sheryl Crow. Jorge Posada and Mariano Rivera hung out together at the Sports Illustrated Sportsman of the Year party. Andy Samberg, Amy Poehler, and Seth Meyers had lunch together.

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Wall Street’s Golden Idols All Have Feet of Clay

FINANCE • The struggle to find a successor at Merrill and Citi demonstrates another big flaw in the current culture of Wall Street: Do-or-die standards, and growing demands on public executives, have left firms with no succession plan and few capable of stepping in to take over. Both firms have been forced to turn outside for help: Laurence Fink, the CEO of BlackRock, has been approached about O'Neal's old job, while Robert Willumstad and John Thain are in the lead to take Prince's place. [WSJ] • Why did Chuck Prince and Stan O'Neal fail? They took Gordon Gecko's favorite maxim—"I create nothing, I own"—a little too seriously, and forgot the other part of banking is to sell, sell, sell. [NYT] • Andrew Ross Sorkin dons his Miss Manners cap to explain the rules of corporate courting—and why Stan O'Neal's worrywart parents, the Merrill Lynch board, were only looking for an excuse when they grounded him for asking Wachovia to "merge." [NYT]

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