A rent-controlled sulky senior held out so long at the site of future 15 Central Park West that the exhausted developers finally gave him millions and a new apartment (which he immediately cluttered up with junk).
A group of insurers is for the first time offering to shoulder risk for clearinghouses backing hundreds of millions of derivatives trades, proposing more protection in markets where a collapse could cripple the global financial system.
The top 10 dealmakers at publicly traded private-equity firms took home at least $1.7 billion in dividends in 2013 as they seized on rallying stock markets to sell stakes in everything from a Chinese insurer to a U.S. theme-park operator to a French floormaker.
Blackstone Group LP chief Steve Schwarzman received $374.5 million last year in pay and cash dividends, an increase of 76 percent from 2012, as the world’s biggest alternative-asset manager took advantage of rising equity markets to sell shares of companies.
New York got its Oscar party early as a star-filled Hollywood supper club took over Alice Tully Hall last night, with prime spots occupied by Madonna, Alibaba executive vice chairman Joe Tsai and Bank of America investment banking vice chairman Cary Thompson.