Pearl Clutch
by admin on Monday, January 16th, 2012 | Comments Off
Pearl Clutch
Massive Fifth Avenue Apartment Passes From One Rich Businessman To Another (thepoliticker.observer)
Opulent much?
**Paul Fribourg** is the CEO of Continental Grain and a director of Estee
Lauder, Burger King and the Loews Corporation. Clearly, the man has gobs of
money sitting around, but that didn't mean he was going to spend $45 million
on a co-op at **998 Fifth Avenue**.
In fact, it didn't look like anyone was going to spend $45 million, or even
$34 million, on the Gold Coast home of Morgan Stanley ex-vice chair **Bruce
Fiedorek**. Just months after rival Lehman Brothers collapses, Mr. Fiedorek
was quietly shopping around his sprawling 5-bedroom, 5-bathroom apartment for
$45 million, perhaps embarrassed to make such an ostentatious move public.
When the home officially came on the market a few months later, in October
2009, the asking price was a more modest $34 million.
In the interim, the home bounced around between two different brokerages over
the impossibly long span of three years (it spent a full year off the market,
during which Mr. Fiedorek ostensibly re-evaluated the steep asking price
before putting it back on the market for exactly the same price).
Mr. Fribourg, who gained notoriety several years ago for an alleged affair
with ex-CNN anchor Paula ...
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Mindy Weiss: Pearl Clutch by Santi
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