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Tagged: Dennis Kozlowski

Roundup

Wall Street: Tuesday Morning

• The Treasury is expected to announce this morning that 10 banks have been given the go-ahead to repay their Troubled Asset Relief Program funds. [BN]
• The Supreme Court put the acquisition of Chrysler by Fiat on hold yesterday pending objections from three state pension funds and consumer groups. Fiat, however, says it has no plans to abandon the deal. [WSJ, NYT, DB]
• The Obama administration appears to be backing away from plans to reduce the number of three-letter agencies that oversee U.S. financial markets. [WSJ]
• Citigroup isn't paying out big bonuses in the U.S. But that isn't the case in London, where the bank has been luring traders with fat pay packages. [DB]
• Don't expect to see former Tyco chief Dennis Kozlowski walking the streets in the near future. The Supreme Court rejected his appeal yesterday. [NYP]

The Disgraced

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Kozlowski Still Guilty | Remember former Tyco chief Dennis Kozlowski, the face of corporate greed circa 2004? An appeals court this morning upheld the convictions of Kozlowski along with his former financial chief, Mark Swartz, both of whom remain in prison serving out sentences for fraud. [Reuters, WSJ]

Gossip

Is Raffaello Cutting a Deal?

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  • Raffaello Follieri might be in the process of negotiating a deal with the feds, which would put him in prison for five to 6 1/2 years instead of the nine-year sentence he could face if he's convicted by a jury. [NYP]
  • After months of tabloid drama, Britney Spears and Kevin Federline appear to have finally settled their custody dispute. Kevin will get sole custody of the kids and Brit will have visitation rights. More details will be released after they talk to the judge this morning. [E!]
  • Imprisoned Tyco CEO Dennis Kozlowski and his former-waitress wife have reached a divorce settlement. [NYP]
  • The launch party for Kimora Lee Simmons' new line, Fabulosity, was a disaster. Some guests threatened to leave, while others started stealing perfume bottles. [Page Six]
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Real Estate

The Gatekeepers of Fifth and Park Avenues

126080Page 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."
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