Showing posts with label billionaires behaving badly. Show all posts
Showing posts with label billionaires behaving badly. Show all posts

Billionaires Behaving Badly or Opulence Abounds Barry Diller Style

I've been enjoying Gawker today, so I thought I'd share with you the Monday mirth

While Barry Diller has denied raises and bonuses to his IAC staff for the third year in a row
he hasn't cut back on his own spending, at least not on decorating his office,
which apparently needed a new carpet...a $1,000,000 silk rug.

Well, we know that he's not shy about spending
Diller's luxe tastes are no secret, of course. He got dinged in the press earlier this year when it was revealed he spent $4,600 per day in IAC funds on personal travel during 2009. (It isn't cheap to hop from place to place aboard a $45 million Bombardier BD-700.) And he spent more than $200 million on the world's largest sailing vessel, the 300-foot-long Eos, which features a crew of nine as well as and two chefs. From 2000-2010, he was the second best-paid executive at a public company, right behind Oracle chief Larry Ellison.

Of course nothing can be too good for the CEO of a publicly owned company.



Note: the Diller private jet


and the Diller Yacht

Obviously, these belong to the man not the corporation.
Still it's hard not to imagine what the IAC employees feel about all of this.

I suppose that the institutional shareholders of IAC stock think that of this is all OK.

And speaking of Billionaires Behaving Badly...don't even get me started on Berlusconi...

Vanity Fair- The September Issue


OK, I admit that I just wasn't all that interested in the Lady Gaga cover story but the photography by Nick Knight was stunning
and every other article in the September issue was stellar.
If you aren't a subscriber, go out and buy the magazine today.  No really, it has everything you want in summer magazine reading
from a profile of the exquisite Jacqueline de Ribes, the last queen of Paris
Here's a photo of Countess de Ribes looking a-ma-zing

to a story on the messy family fight over the estate of socialite/designer/playboy/licensor extraordinaire, Oleg Cassini, who bagged all the babes from Gene Tierney to Grace Kelly to Anita Ekberg
yet kept his 30 year marriage to Marianne Nestor a secret.
Here's Oleg with his "Top Girl" first wife, Gene Tierney.


to an article on sleazy Kenneth Starr and how he bilked his society and entertainment clients out of millions.  How did this man ever get his hands on Bunny Mellon's money?  I just love this quote "When your business manager marries a stripper" says one ruefull client, "that's a tell." Ya think?
Here's a photo of the fraudulent financial advisor and his fourth wife, stripper Diane Passage.


There's lots of other great stuff too including the the international best dressed list which I previously posted about, the preppy handbook rebooted, and Fall Fashion must haves with suggestions from fashion bloggers including The Trad.  (Admittedly I'm a little confused on why they didn't contact me for my opinion on jewelry trends...maybe next year. Sam, you know how to reach me)
Even the ads are awesome with fabulous Fall clothes.
Vanity Fair, job well done

Billionaires Behaving Badly or Those Pesky Problems With Yachts

Oh those yachts....they can be such headaches!


First we have John (taxes are for the little people) Kerry and his brand new $7,000,000 yacht 'Isabel' which he chose to dock in Rhode Island instead of his home state of Massachusetts in order to save $500K in taxes.
If the Isabel were kept at the 2004 Democratic presidential nominee's summer vacation home on Nantucket or in Boston Harbor near his city residence, he would be liable for $437,500 in one-time sales tax. He would also have to pay $70,000 in annual excise taxes.
Pretty little sloop, isn't she?
I do love this quote from Boston.com
"While we can fault the senator for his hypocrisy on taxes or having his boat built halfway around the world instead of here in the USA, John Kerry proves an important point that taxes in Massachusetts are too high. If they are too high for someone as rich as Senator Kerry, they are absolutely too high for working-class taxpayers who are being squeezed at every turn," said a statement issued by party Chairwoman Jennifer Nassour.

And then we have billionaire US Democratic Senate Candidate, Jeff Greene and his yacht 'Summerwind'.
From Tampabay.com
Summerwind — like a 14-story building turned on its side — accommodates about 10 guests in five suites. Greene boasted to Forbes in 2008 that he practically stole it for $6 million in 2002. It may have been a bargain purchase, but it costs about $100,000 to fill up the tank on Summerwind, which burns about 50 gallons of fuel an hour.
Apparently tax savvy Jeff Greene registered his yacht in the tax haven Marshall Islands instead of in his home state of Florida.

God, I so hate hypocrisy and the 'Do as I say, not as I do' politicians who vote for taxes for everyone else, yet avoid paying their own.
And...while I'm on a rant...as if the US House isn't already enough of an embarrassment
WASHINGTON – House Democrats and Republicans have put aside their differences this year to honor the likes of golfer Phil Mickelson, the Chicago Blackhawks hockey team, NASCAR driver Jimmy Johnson and the Penn State women's volleyball team.

But when it came time this week to memorialize the start of the 142nd season of the Saratoga race course in New York, one freshman lawmaker decided he'd had enough.
"It's an absolute embarrassment," said Rep. Jason Chaffetz of Utah, announcing on the House floor a vow to vote against all future sports resolutions.
Why is it the business of the US House of Representatives to honor or memorialize any sports related person or event?  Is that was they were voted into office to do?
Apparently last year in the House there was a vote to commemorate the 2560th anniversary of the birth of Confucius...why is that deemed worthy of the time of our elected leaders?

Wouldn't you think that they would be more concerned with dealing with the $1.47 trillion deficit  or the fact that The median duration of unemployment is higher today than any time in the last 50 years. That's an understatement. It is more than twice as high today than any time in the last 50 years.




And don't even get me started on the $604K spent on bottled water or the $563K spent on new carpets, the $317K spent on new drapes and the $2.5 million spent on new furniture for the US House...during a recession
What Congress Bought Itself With Your $1 Billion
 
OK, rant over....I'm going to go read fashion blogs now and think happy thoughts

Lakers Win Again - Riots Begin - Welcome to Los Angeles

WTF is wrong with the men in this city?
After the Lakers pull off a spectacular win against the Celtics
this is what we get and we are the city with the winning team
note the flag being carried by these hooligans

and is this car storm really necessary?
(notice the lack of female involvement)
For the record, in spite of the fact that I've mocked him in the past, I am totally on team Kobe.

but I still have nothing good to say about Tiger and feel sorry for his love child by his porn star

When I was a child we had sports stars that we could look up to like Arthur Ashe.
Now, we professional athletes who can't keep it in their pants.
We live in a world of extremes, where men have either been emasculated or have become hyper male.
With my inner Trad coming out I wonder, what happened to the gentleman
and to the philosophy and practice of good sportsmanship?
Will we ever have another John Wooden?

These Days Who Isn't Going Hollywood?

There is such an odd feeling from being at your regular sushi restaurant on a Friday night, nursing a Martini, and having your son and his girlfriend stop by your table to say hello and then to invite you over to their table.
On one hand you ask yourself "Am I really that old?" and on the other hand you calmly think "Ah, how lucky I am to have this incredible adult son, who's responsible, intelligent, diligent and getting on with life.".

When my son was young I wondered if by being raised in Los Angeles he would choose to go into the entertainment industry, which is by far the dominant business here. He had been exposed to a lot of people in that business, especially given that he was classmates with the son of a president of a television network, the son of the head of a major production company, the grandson of an owner of a movie studio, and the daughter of an agent who was reputed to be, at that time, "the most powerful man in Hollywood".
Happily, he had little interest in entertainment and chose to pursue a different professional path entirely.

What is it about the entertainment industry that causes people to "Go Hollywood"?
Recently, one of my European clients, who had absolutely no background in the movie business, has now become a film producer. And a few weeks ago I met with a young-ish French man, a former investment banker, who is now developing scripts and looking for backing for his film projects.
The lure to be in the business, especially for people who didn't grow up in this city, is certainly strong.

And now I just read that Saadi Gaddafi, the son of fashion plate dictator Muammar Gaddafi, is now going Hollywood.
From The Wrap
Gadhafi Goes Hollywood: Dictator’s Son Gets In With $100M
Hollywood’s latest financial backer is the middle son of the Libyan dictator, Saadi Gadhafi, who is backing a movie production fund called Natural Selection to the tune of $100 million.

Certainly like his father, Saadi is a man of many talents, especially given that Saadi's previous career was in professional soccer
From Ask Men
Sure he’s located a little outside the Gulf and he isn’t officially a Sheikh, but if you had to pick a “K-Fed of Arabia,” Saadi Gaddafi would be a pretty good choice. Not only did this “fortunate son” get to feed his own visions of grandeur by playing professional soccer in Italy (where he played two games in three years before being suspended for doping), but Saadi also routinely parties with celebrities who have made their way on talent rather than last names, such as Nicole Kidman, 50 Cent and Anna Kournikova.

And what playboy lifestyle would be complete without yacht crashes and disorderly conduct? Certainly not Saadi’s, who crashed his 130-foot yacht into a wharf and has been ejected from the illustrious Billionaire’s Club.


Well, from this photo he sure looks worthy to have played with the pros.

But moving on, he certainly has qualities that will get him far in Hollywood.

He has a sharp sense of style...come on, you've got to love a man dressed head to toe in light blue.
He loves movies
“He loves movies,” explained Beckerman in an interview in his suite on the seventh floor of the Carlton Hotel at the Cannes Film Festival, where he’d come to look for new projects. “He’s seen ‘Lost’ 30 times. He has stacks of DVDs of American films.”


He's cool
He’s 35, gracious, nice – and really cool,” said Beckerman
And of course he has the big buck$
or at least $100 million or so to play around with
It's good to know that Saadi is spending his time and money productively, especially after his brother Hannibal's little issue with Switzerland last year
The kerfuffle began a year ago, when Hannibal, Gadhafi’s youngest son, and his pregnant wife were arrested in a Geneva luxury hotel for beating two servants with a belt and a coat hanger (he’d been busted in both France and Italy for beating a woman, fighting a cop and driving drunk down the Champs Elysee at 90 mph -- the wrong way).

Libya retaliated to the arrest in Switzerland by recalling some diplomats, suspending visas for Swiss citizens, withdrawing funds from Swiss banks, shuttering the Tripoli office of Nestle and threatening to cut off oil deliveries to Switzerland. Two Swiss businessmen were barred from leaving the country until Libya received an apology for Hannibal's arrest.
I for one welcome Saadi to the western way of doing business, and am wondering when the sons of Kim Jong Il, Robert Mugabe and Ahmadinejad are going to "Go Hollywood" too.
Happy Saturday!

Looking For Bank In A Bottle Girl's World


The Trad has reminded us that America's number one bad boy, Tiger Woods, is back at it, but this time with contrition.

For a look into the world of Bottle Girls and the Bad Boys who Nail Them
Trad links to this article from New York Magazine about the 21st Century Courtesan Economy
8 pages of all you ever wanted to know about the half hooker world including
Garcia says everyone is aware of how it works. “American girls, I take them out to a nice restaurant,” he says, “to the cool clubs, and they’re satisfied with that. That’s what they get out of it. American girls are looking at the kind of wine you order. But Russian girls, they’re after the serious shit. They want the Mercedes. Out at dinner, they’re plotting ahead. They’re calculating. They’re professional.”
Ah, those un-serious American girls....looking at the wine and not the wheels.
I was just wondering...what do these "girls" do with the thousands of dollars that they make a week or night? Are they investing in Mutual Funds or Louboutins?