Lisa Falcone is sitting at the head of a conference table, rapping to music by Swizz Beatz and waving her tanned arms above her head. She's meeting with the two employees of her fledgling company, Everest Entertainment. Just outside the room, her husband, Philip Falcone, is running his $9 billion hedge fund, Harbinger Capital, but that doesn't hold her back. She produced the song and sings along as it blasts from iPod speakers on the table: "Come on bitches, get your hands in the air, ugly bitches too, we don't care!"
Phil Falcone, founder of Harbinger Capital Partners, has made and lost billions with bets on mortgages and iron mines. Now, in a bid to build a new broadband network, he’s blasting investors money into space.
I have one sure-fire prediction for Sunday night’s Academy Awards telecast: Co-hosts James Franco and Anne Hathaway won’t be cracking jokes about Charlie Sheen ’s substance abuse, Ashton Kutcher ’s love life or gay Scientologists.