Cityfile: New York's Most Notable and Influential

♦ The events of the past few months signal that "there is no more Wall Street," according to Ace Greenberg, the former chief of Bear Stearns. [Bloomberg]
♦ Hedge funds dropped another 2.7 percent last month. [WSJ]
♦ Morgan Stanley's new bonus plan has a "claw-back" provision. [NYT]
♦ The hedge fund Copper River Management has closed its doors. [WSJ]
♦ Cowen Group has rejected an unsolicited takeover offer. [MW]
♦ In corporate layoff news, Sony plans to cut 8,000 full-time workers and the same number of part-timers. Other companies cutting back today: Wyndham Worldwide and Danaher Corp. [Bloomberg, CNN]
♦ Citi may be keeping its high-priced sponsorship of the new Mets stadium, but a holiday toy-train exhibit wasn't quite as lucky. [Bloomberg]

♦  This could get messy: Asian and European markets were mauled on Friday, pointing to another monumental beating for the U.S. market today. [MW]
♦  A recap of Alan Greenspan's humiliating day in front of members of a congressional panel yesterday. [NYT, NYP]
♦  One of the very few people who is having an exceptional year: John Paulson, whose three funds are up between 15 and 25 percent. [WSJ]More

Page Six Magazine published a handy little charticle on some of the most powerful co-op boards in town and the board members who stand between you and that $20 million co-op.

820 Fifth Avenue, Jayne Wrightsman
"Jayne has rejected fashion designer Valentino, as well as billionaires such as investor Ron Perelman and casino developer Steve Wynn."
740 Park Avenue, Charles Stevenson
"Barbra Streisand was rejected because the board thought 'she'd give too many parties.' Others denied include Joan Crawford, Elizabeth Taylor and Barbara Walters.
950 Fifth Avenue, Mort Zuckerman
"950 Fifth could be the city's most notorious bachelor pad. Robert Hurst and Mort Zuckerman are reportedly single, and ex-residents Loews Hotel CEO Jonathan Tisch and former Tyco head Dennis Kozlowski were bachelors when they resided here."