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Simpson Thacher

  1. company town
    Mike and the Mad Dog Break Up at LastAfter months of rumors, Chris Russo is off the popular sports-radio show — that and more, in of our daily industry roundup.
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    Circulation Report: ‘Vogue’ Down, ‘Ladies’ Home Journal’ UpPlus, Katie Couric takes control of CBS News’ political coverage, hotels keep cropping up in Gowanus, and KKR’s IPO doesn’t go as well as planned, all in our daily industry report.
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    Kent Brownridge Still Stealing Silverware From the House of WennerMEDIA • Kent Brownridge picked a new fight with his old boss Jann Wenner, poaching ten-year Rolling Stone vet Joe Levy for the top spot at Blender. Brownridge already stole Men’s Journal editor James Kaminsky to take over Maxim. [Mixed Media/Portfolio] • The OK! issue with the Jamie Lynn–pregnancy exclusive sold only 900,000 copies on the newsstand, well short of the roughly 1.5 million the mag had predicted. [WWD] • Steve Cohn on the Condé shake-up following so fast on Steve Florio’s death: “It sort of reminds me of The Godfather. They go to the funeral and then they blow everything up.” [NYP]
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    Pandit and Willumstad to Share the Ultimate Power?FINANCE • The newest Citigroup rumors suggest a “tag team at the top”: Financial whiz Vikram Pandit will take over as CEO, while the more socially astute Robert Willumstad handles chairman duties. We’re just not sure “tag team” means the same thing for us as it does the Times? [DealBook/NYT] • Morgan Stanley issued a full recession alert for the U.S. economy today in the oh-so-subtly titled “Recession Coming.” Meanwhile, a recent Journal poll of top economists puts the risk of recession at 38 percent. [Telegraph, WSJ] • Thirtysomething Blackstone real-estate guru Jonathan Gray is getting rather comfortable in the top tier of the young establishment. [DealBook/NYT]
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    Greg Larkin Was the Al Gore of the Subprime MessFINANCE • Alan Greenspan was giddy when old buds Don Rumsfeld and Dick Cheney took over the White House. But it turned out they were bad boys and not his friends at all. Check out this and more in Greenspan’s new bio. [
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    Dow Jones, Mediabistro Play ‘Let’s Make a Deal’MEDIA • The Dow Jones board approved Murdoch’s bid, but two of the four Bancrofts on the board refused to take part. The family is expected to meet Monday to begin deliberations. [NYT] • Jupitermedia bought Mediabistro.com for $23 million, causing critics to smell a tech bubble. [NYT] • The new issue of Portfolio will be out soon, and rumor has it that editor Joanne Lipman is ignoring Condé protocol by poaching other books’ staff. [WWD]
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    Associates May Be Even More Overpaid Next YearLAW • Salary rumor! Will Simpson Thacher raise its first-year salaries to $190,000? [Above the Law] • The paralegal who worked as a lawyer at Anderson Kill & Olick pleaded not guilty to impersonating a lawyer. He is now unemployed. [NYT] • Summer associates are like campers who get paid. [Daily Business Review via Above the Law]