3:05 pm, July 29th | by Amy Tennery
I think the interns at JPMorgan are starting to get a little stir-crazy.
So, I was just starting to feel all bad (kind of) for summer Wall Street interns. You know, with their allegedly horrendous 85-hour work weeks, their crazy, stay-until-three-in-the-morning work schedules, and so on. All this without the promise (necessarily) of getting a job at the end! Yea, I felt sort of bad.
Then I heard how the interns at JPMorgan spend their summer Fridays. And I felt less bad.
2:26 pm, July 29th | by Hillary Reinsberg
And by “grapes,” no, we don’t mean “wine.” We mean grapes. A small bag of about 25 of them. Japan Real Time reports that a single bunch of Ruby Roman grapes sold in Japan today for ¥500,000, or $6,400, making them “by far the most expensive grapes sold in Japan and likely in the world.” We’d certainly hope so!
At that rate, each grape costs about $255. Ruby Romans are a specific, artfully-engineered grape with specific requirements, like sugar content and size and color and so on. Apparently they’re about the size of a ping pong ball, which sounds pretty big, grapefully speaking. This luxurious breed of grapes first went on the market in 2008 – and prices have shot up and up.
1:29 pm, July 29th | by Hillary Reinsberg
Home Depot founder Ken Langone is no fan of President Obama – complaining that he’s “petulant” and “unpresidential.” The politically opinionated billionaire spoke out against Obama yesterday in an interview with CNBC, but one of his complaints surprised us. He wishes Obama, who regularly goes tie-less, would wear a jacket (at all times) when he’s in the West Wing. Cue the Fashion Police…
12:49 pm, July 29th | by Amy Tennery
Remember John Hammergren? He’s the chairman and CEO of McKesson Corporation who raised eyebrows a couple weeks ago when it was reported he’d earn $150.7 million in a single year. The earnings represented a 190-percent climb from the prior year, when he raked in $51.8 million, so folks were understandably a little ruffled by the news. (Although, to be fair, most of that $150.7 million came from his exercising stock options — but still!)
The valid question at that point was, of course, what had Hammergren done to earn this jaw-dropping payout? And did he deserve it?
11:46 am, July 29th | by Hillary Reinsberg
We’ve noted that things aren’t going particularly swimmingly at Oprah Winfrey’s TV station, OWN. But when she tweeted this photo of her new office, well… Let’s just say we’d expect a billionaire’s office to be a wee bit more…polished.
“Here I am “CEO-ing” in my new office at OWN in LA!!” she tweeted this morning. Oprah took over as CEO of OWN a few weeks ago, replacing the interim CEO Peter Liguori, ho took over when CEO Christina Norman left the company in May. Ratings have been far below what was expected and there have been quite a few shakeups around those parts, but props to Oprah for at least making the office her own… sort of?
11:36 am, July 29th | by Amy Tennery
We were skimming through our Mogulite Twitter feed and came across something a little unusual: Donald Trump thanking former Arkansas Governor Mike Huckabee for his “kind words.” Uh, what? Trump + Hucks = BFF 4 eva?
So we clicked through the link and realized that Huckabee has spoken out in favor of Trump’s presidential bid — err, I mean, his past bid. Or, well, I don’t really know anymore.
10:11 am, July 29th | by Amy Tennery
Hey, you win some, you lose some. And James Murdoch pretty much broke even this morning.
BSkyB’s CFO announced that the board voted unanimously to keep him on as Chairman — and as for broadcasting regulator Ofcom’s question over whether BSkyB is “fit and proper” with him at the helm? Well, CEO Jeremy Darroch called the notion “laughable.” Point 1 for Murdoch.
Of course, it’s not all clear skies.
9:09 am, July 29th | by Amy Tennery
Disclosure: this tale of a wrongful termination suit contains A) an alleged cache of adult-entertainment devices, including “12 sex toys… and 36 hardcore sexually explicit DVDs;” B) a purported collection of stolen documents that (allegedly) “would equal two-and-a-half Empire State buildings, if stacked;” and C) hyperbolic analogies to “a mobster leaving an organized crime family.”
Yes, it’s a hedge funder lawsuit. And it’s a doozy.
6:20 pm, July 28th | by Hillary Reinsberg
Billionaires routinely spend hundreds of thousands of dollars of odd pursuits. We usually don’t question it too much. But when Mogulite heard that British billionaire Alki David had bought the rights to do a live broadcast of a Swiss cancer patient’s assisted suicide, we raised our eyebrows a wee bit. We were questioning if this whole thing might just be a hoax, so we sent an email to the listed press contact, only to receive a response from David himself just a few minutes later. David, a digital media entrepreneur and the 45th richest person in England, confirmed to Mogulite that this seemingly crazy situation is very real indeed.
So, here’s the story: tomorrow night at 9 p.m. EST, David’s website Battlecam.com, is set to do a livestream of 62-year-old Nikolai Ivanisovic’s assisted suicide. This is no illegal business, apparently. Ivanisovic is living with terminal brain cancer in a clinic in Switzerland, where physician-assisted euthanasia is legal. Why and how is David involved in this? He explained the situation to Mogulite….
5:57 pm, July 28th | by Amy Tennery
You may have noticed that we’ve got Martha Stewart on the brain lately. And why not? She’s celebrating her 70th in just a few days — in fact, she started the party a little early at a roadside clam bar in the Hamptons.
With that in mind, our friends over at Powerwall combined a slideshow of some of Stewart’s most memorable moments.
Martha as a model? Check. Martha sporting a retro-80s perm? Check. Martha
getting indicted for… you know what? Let’s just forget that one. It is her birthday, after all!