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  • Linda Stein’s assistant accused of murder

    New York City police arrested the personal assistant to celebrity real estate broker Linda Stein today, charging her with murdering her boss by bludgeoning her with yoga equipment.

    Natavia Lowery, 26, confessed to killing Stein after Stein refused to stop blowing marijuana in her face, police said. Lowery told investigators that Stein had verbally abused her and that she had snapped. She said she repeatedly struck Stein with a yoga stick.

    Stein, former co-manager of the Ramones and real estate agent to the stars, was found dead last week in her apartment on Manhattan’s Upper East Side. Her many clients included Billy Joel, Sylvester Stallone and Debra Winger.

    Longtime friend Elton John is preparing a memorial service.

    Related story: Linda Stein, celebrity real estate agent, found murdered

  • Linda Steins Assistant Accused of Murder

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  • Kaiser and Rosenthal Know the Ropes

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  • Bewkes Taking Reins at Time Warner

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  • Gossip Girl Resurrects Oc Themes

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  • Natalie Bancroft unlikely choice for News Corp.

    Natalie Bancroft, meet Viet Dinh.

    Proving it can cover its own corporate owners with energy, the Wall Street Journal yesterday gave a full account of the latest bumbling and stumbling of the Bancroft family.

    Earlier this year, the family, after great indecision and internal debate, agreed to sell Dow Jones & Co., which owned the Journal, to Rupert Murdoch’s News Corp.

    A condition of the sale, which isn’t final, was that the Bancrofts could name one person to serve on the News Corp. board.

    After missing a deadline (proof, perhaps, that they’re not all that good at the journalism thing), the Bancrofts picked an unlikely rep, Natalie Bancroft.

    Bancroft is described in the Journal as “a 27-year-old opera singer living in Europe, who by her own admission, is a relative neophyte to the worlds of both journalism and commerce.”

    If she gets board approval, Bancroft will find herself sitting down with 16 men (she’ll be the only woman), all with longer resumes than she and most with close connections to Murdoch.

    Many of these men can share back stories with Bancroft that focus on how they made their millions.

    But the most compelling personal narrative might be that of board member Viet Dinh, 39, a refugee from Viet Nam who has connections in high places that would be remarkable for a person twice his age.

    Dinh, his mother and five siblings, were among the boat people who fled Viet Nam in 1978. They settled in Fullerton, Calif.

    Dinh worked with his mother in a sewing shop and cooked in a fast-food restaurant. He also excelled at school, graduating from Harvard College and Harvard Law School.

    After that, he first clerked for Laurence H. Silberman, a federal appellate judge and then for Supreme Court Justice Sandra Day O’Connor. Later, he joined the faculty of Georgetown University Law Center.

    A conservative, Dinh has also moved in and out of government, displaying a knack for being on the side of power.

    He served as an associate counsel to the Senate Committee investigating the Clinton-era Whitewater land deal.

    He was an assistant attorney general from 2001 to 2003 and played an important role in the creation of the USA Patriot Act.

    Dinh is also the founder and principal partner of Bancroft Associates, a Washington consulting and legal firm.

    His wife, Jennifer Ashworth Dinh, is a lawyer and a member of the firm. Previously, she worked at the powerhouse firm of Willkie Farr & Gallagher.

    While Viet Dinh is clearly partisan, he is also touted for his friendly manner and ability to form lasting bonds.

    “Viet is ambient in town; he is everywhere,” one Washington lobbyist told the New York Observer.

    Dinh was named to the News Corp. board in April 2004. Company filings show that he received $228,142 in total compensation for the 2007 fiscal year.

    Last year, he represented another News Corp. board member, venture capitalist Thomas Perkins, who resigned from the board of Hewlett-Packard after learning that the company had used pretexting to read his confidential telecommunications.

  • Heinz Prechter Leaves a Legacy

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  • Recent stories in dynasties

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    Recent stories in celebs & entertainment – October 26, 2007

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  • Dynasties

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  • Cast of Characters in the Writers Strike

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  • Scott Boras: The Ari Gold of baseball

    Like any sport, baseball needs its villains.

    And right now, there’s no better villain than Scott Boras, the California-based sports agent who has the audacity to seek and get really, really good contracts for his millionaire clients.

    Boras, 55, is so hateful, it would seem, that he will even upstage the World Series.

    While the last game between the Boston Red Sox and Colorado Rockies was being played last month, the word emerged that Boras client Alex Rodriguez was opting out of the last three years of his contract with the New York Yankees. In doing this, he was passing up $91 million to seek more money elsewhere.

    The writers were appalled that Boras — the presumed leaker of the info — didn’t wait until after the World Series to let the opting-out be known.

    “At the very least, the decision to announce Rodriguez’ decision violated baseball etiquette in the extreme,” wrote Jack Curry in the New York Times.

    Casual observers might wonder how a game in which the players spit frequently and scratch themselves could have etiquette, but baseball does.

    And there are lawyers who might argue that Boras, who is a lawyer and a former minor league player, was just doing his duty to his client.

    Regardless, the fuss over Boras, sometimes called the most hated man in baseball, may obscure the fact that he is a business powerhouse.

    His company, Boras Corp., has so many clients on so many baseball teams that he may be the best-connected person in the sport.

    According to an Oct. 29 profile by Ben McGrath in the New Yorker, Boras Corp. represents 65 major-league players.

    For its services, the company gets 5 percent of the major leaguer’s salaries.

    Daisuke Matsuzaka, a star player in Japan who signed with the Boston Red Sox last December, is a Boras client.

    To get Matsuzaka, Boston first won bidding rights by paying $51.1 million. Then the Red Sox agreed to pay Matsuzaka $52 million over six years, a figure that could reach $60 million if Matsuzaka reaches certain goals.

    Boras also got pitcher Barry Zito $126 million for seven years from the San Francisco Giants in 2007.

    And his bargaining brought outfielder Carlos Beltran $119 for seven years in 2005 from the New York Mets.

    Many other Boras clients have done very well.

    However, none has received the contract numbers Boras negotiated in 2000 for Rodriguez. The player signed a 10-year, $252 million contract with the Texas Rangers. (Rodriquez went to the Yankees in 2004 and the contract remained in force.)

    According to reports, Boras now hopes to get Rodriguez, an extraordinary player who has had less than extraordinary results in the post-season, a new contract in the range of $350 million.

    With the exception of Rodriguez, it’s usually Boras and not the players who are accused of greed after big contracts are signed.

    And sometimes, too, it’s Boras, and not the team owners, who is blamed by fans for high ticket and hot dog prices.

    Boras, though, would seem to be able to take the heat, believing he has a role to play. “There’s a clear need for someone to represent the athlete and to explain the athlete’s value,” he told the New Yorker. “If that person is characterized as a villain, well, so be it.”

  • Scott Boras the Ari Gold of Baseball

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  • About Muckety

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  • Linda Stein, celebrity real estate agent, found murdered

    Update: On Nov. 9, police reported an arrest in the case. Natavia Lowery, 26, of Brooklyn, Stein’s personal assistant, was charged with second-degree murder and second-degree grand larceny. According to the New York Times, the assistant told police that Stein “kept yelling at her.” Our updated story is now here

    ——–

    Linda Stein, punk rock band manager and real estate agent to the stars, was found dead Tuesday night in her apartment. Police said she had been bludgeoned to death.

    Stein, 62, co-managed the Ramones, a band that recorded on Sire Records, a label founded by her ex-husband, Seymour Stein. She later represented Billy Joel, Sylvester Stallone, Debra Winger, Perry Ellis and other celebrities.

    A powerful personality, Stein was the inspiration for Sylvia Miles, the aggressive real estate agent in the movie Wall Street.

    Close friend Elton John issued a statement saying: “I’m absolutely shocked and upset. She’s been a friend for over 37 years. She was a godmother to my kids. She helped me with my AIDS foundation.”

  • Torre Should Have Looked Over the Fence

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  • ‘Free’ tutoring is big business for Sylvan

    The No Child Left Behind act is a bonanza for private tutoring firms, including Sylvan Learning.

    Under the act’s provisions, students enrolled in schools judged to be failing are entitled to free tutoring, paid for by taxpayers. The costs total $2.5 billion annually, according to U.S. News and World Report.

    Tutoring companies contract with individual states and school districts. Sylvan provides such tutoring at about half of its 1,200 U.S. locations, according to Tabatha Sweeney-Gehrt, Sylvan’s director of new business development. At some centers, she says, business has doubled because of the service.

    Earlier this year at a Sylvan location in West Hartford, Conn., the number of tutored students more than tripled, according to Kathleen Keenan, the center’s director at the time. She estimates 250 kids came to the center specifically for the free tutoring. Keenan is now director of education at a Sylvan center in East Hartford.

    In 1993, two Baltimore businessmen, Christopher Hoehn-Saric and Douglas Becker, gained ownership of Sylvan and first took the company public.

    A decade later, Sylvan sold its tutoring business to New York-based, private equity firm Apollo Advisors, founded by Leon Black. At that point, Sylvan became part of Educate, Inc., an Apollo-owned company that went public in 2004. Educate’s holdings include the Hooked on Phonics grammar/language training system.

    In a $535 million deal completed in June, Hoehn-Saric and Becker, working with Citigroup Capital Partners, took Educate private under a new entity, Edge Acquisition, LLC.

    Hoehn-Saric is still CEO of Educate (and senior managing director at Sterling Capital), while Becker is CEO of Laureate Education Inc.