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What Wall Street can learn from Tom Brady
Lifestyle, 4:01
<p>New England Patriots' golden boy, Tom Brady, is back for NFL's opening week after a Federal judge overturned Brady's four-game suspension for his role in "deflate-gate." Allegedly deflating footballs isn't exactly like allegedly messing with the markets, but Brady's victory in court can teach Wall Streeters a few things about how to survive an investigation.</p> <p> Destroy your cell phone every few months. No one will question it if you break your old phone every time you get a new one, which you should do at least twice a year. Texts to colleagues and friends? Gone.<br /> Come up with awesome nicknames for you and your friends. The Patriots' ball boy called himself the "deflator" because he wanted to lose weight. Why not dub yourself something like "the flash [crasher]"?<br /> Have your super model wife stand behind you at your press conferences. Sorry, is someone accusing you of something? We got distracted by those long legs behind you.<br /> Have an inept regulator. Oh, wait...<br /> Be incredibly awesome at your job. No one wants to lose their star quarterback, literally. Be the office QB. And maybe line up some high powered endorsements while you're at it.</p> <p>Photo: Keith Allison</p>
Ex-Merrill president leads dining revolution
<p>Ahmass Fakahany once led board rooms and managed billions of dollars, now he oversees the restaurants his former peers frequent.</p> <p>Fakahany, who left Merrill Lynch in 2007, and chef Michael White own the Altamarea Group of restaurants, reports Business Insider. In Altamarea's flagship Italian restaurant Marea on Central Park South one can spot hedge funder Dan Loeb, or Bill Ackman, or Goldman Sach's Lloyd Blankfein. The model for Marea is clean and simple; class without the frills; quality without being ostentatious. Post-financial crisis, if you will.</p> <p>That simple sophistication has been a success, so much so that Altamarea just opened its biggest location yet on the Upper East Side of Manhattan. The French Vaucluse serves up escargots, duck and pork terrine, and plenty of truffles. The company now has a total 16 restaurants around the world. Annual revenue has grown from about $3 million in 2008 to more than $50 million. Writes Business Insider:<br /> “Well, he’s certainly mastered Italian, so I’m anxious to see what Michael can do with French cuisine," said Jim Chanos, founder of short-biased hedge fund Kynikos Associates.<br /> The Egyptian-born Fakahany dreamed of a hospitality career while working for Merrill around the world. He started the Merrill Lynch wine collection, and set the entertainment standards for the bank's meetings and dinners. Fakahany met White while dining with clients at the former Soho restaurant Fiamma, and the two hit it off. Since then, the team has hired other reformed-Wall Streeters for their team, such as CFO Arthur Li, who previously worked at J.P. Morgan and in private equity at Wasserstein &amp; Co. It doesn't hurt to be be able to identify with the clients.<br /> Photo: Krista</p>
Beverly Hills 90210 star pad up for $2.9m
<p>Remember the 90's teen drama Beverly Hills, 90210? If so, there is chance you will remember Luke Perry who played the show’s bad-boy heartthrob Dylan McKay. Well, Perry is selling up.    </p> <p>Perry (now a 48-year-old father of two, feeling old yet?) has put his home up for sale for $2.9 million. Unfortunately it's not in Beverly Hills but in LA’s Hancock Park. </p> <p>According to Trulia, Perry’s five-bed, four-bath, 4,062-square-foot Mediterranean-style enclave is situated in a very private estate that features an expansive backyard, a large heated pool, and a separate three-car garage.<br /> Photo: Susumu Komatsu</p>
Buy the Great Bambino's apartment
<p>He's the sultan of swat, the king of crash, the colossus of clout, the Great Bambino, and his apartment is for sale.</p> <p>The late Yankee great Babe Ruth's Upper West Side apartment is on the market for $1.6 million, reports DNAinfo. The 1913 built apartment on 88th Street holds two bedrooms and three bathrooms, half of the entire floor that Ruth once owned. Monthly maintenance fees run close to $3,000.</p> <p>Julia Ruth Stevens, Ruth's now 99-year-old daughter, shared memories of the many Yankees that ate dinner and were visited in the home when the Ruths lived there between 1929 and 1940.<br /> “Mom and Dad loved to entertain there," Stevens told the Post. “We had a maid and cook, and Dad would always invite Yankees who had been traded and were in town with other teams. He knew they wanted a home-cooked meal [while on the road].”<br /> Photo: Jim, the Photographer</p>
1 million TV viewers means $1M to charity
<p>Venture capital billionaire Tim Draper really, really wants people to watch his new reality show.</p> <p>Draper is offering $1 million to charities if his "Startup U" on ABC Family gets 1 million viewers this week, reports Hollywood Reporter. The reality show follows young entrepreneurs attending Draper University in Silicon Valley. The show, which premiered August 11, only attracted 47,000 viewers to its most recent episode. The philanthropy approach is certainly different than other business reality shows like "The Apprentice" and "Shark Tank" have used. Failure could sadly mean Americans are more interested in Donald Trump yelling at people than philanthropy.</p> <p>Draper's seven week, Draper University course teaches the basics of launching a startup, and gives students the opportunity to pitch their business ideas to venture capitalists. More than 150 past students have received more than $15 million total to begin their companies.</p> <p>Draper made his billions investing in companies like Hotmail, Skype, and China's Baidu, reports Venture Beat. For his next move, Draper announced that he is investing "a few million dollars" in California VC firm Wavemaker Partners.<br /> Photo: Disney | ABC Television Group</p>