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Monday, March 1, 2010

03/01/10 The Raw Greenwich News Feed: Afternoon Edition

The Latest News About Greenwich

Greenwich 'Move-Up' Homes Don't Sell as New Yorkers Stay Put
BusinessWeek
The so-called move-up market in Greenwich, known as the hedge-fund capital of the US, has dried up as the lingering effects of the financial crisis strand ...
Olympics has fans in Greenwich
Greenwich Time
By Frank MacEachern, Staff Writer On the final day of the 2010 Winter Olympics in Vancouver, Canada, Nancy Warfield, 55, said she will be seated in front of ...
Greenwich Historical Society 2 for 1 Admission to A Stitch In Time
Fairfield County Online
Greenwich Historical Society Museum Gallery and Bush-Holley House, 39 Strickland Road, Cos Cob, CT Hours: Wednesday - Sunday, Noon to 4:00. ...
Viking's Halvorsen a top tiger cub
Reuters
But a peek at the secretive Greenwich, Connecticut-based firm's stock holdings from a recent filing with the Securities and Exchange Commission indicates ...
Art for Life on Sunday to aid Haiti
Weston Forum
Among the donors are Donald Landsman of Greenwich, who's given a sculpture called "Kicking." The donated works, which will be auctioned by Elizabeth P. Ball ...
AU's Brisson, Chambliss earn top honors from UNYSCSA, Empire 8
AU News
ALFRED, NY — Alfred University seniors Andrew Brisson (Greenwich, CT/Greenwich) and Kameron Chambliss (Alfred Station, NY/Alfred-Almond) have earned top ...
March rolls in with high winds, warmer temps
Stamford Advocate
The morning high tide between West Haven and Greenwich will occur between 11:25 and 11:30 am today. A disturbance that's expected to miss the region on ...
Ridgefield ices Trinity Catholic in FCIAC quarterfinals
Danbury News Times
The fourth-seeded Tigers will play top-seeded Greenwich on Wednesday at 8 pm in the semifinals at the Terry Conners Rink in Stamford. ...
Interactive Brokers Group Reports Brokerage Metrics for February 2010
MarketWatch (press release)
GREENWICH, Conn.(BUSINESS WIRE) -- Interactive Brokers Group, Inc. (NASDAQ:IBKR) an automated global electronic market maker and broker, ...
Louise B. McKnew, spinal cord expert
Baltimore Sun
Louise Bouscaren was born in Greenwich, Conn., and raised in Baltimore and Ruxton. She was a 1956 graduate of Garrison Forest School and attended Wheaton ...
Soros Signals Gold Bubble as Goldman Predicts Record
BusinessWeek
Tudor Investment Corp., based in Greenwich, Connecticut, increased its stake in Newmont Mining Corp., the largest US gold producer, almost fourfold in the ...

Greenwich In The Blogoshere

My pal Oshrat Carmiel at Bloomberg reports on Greenwich ...
By christopherfountain
Reader DL sends this link to Bloomber's latest coverage on the Greenwich market. Interesting because Oshrat's someone I've met and whom I admire and her prime interviewee is also someone I know. Small town. ...
For What It's Worth - http://christopherfountain.com/
Greenwich CT Estate Sale by Elizabeth Jackson
From South: I-95 exit 2, turn right onto Byram Shore road and follow signs to sale house on left. Elizabeth Jackson Estate Sales ejacksonllc@msn.com www.ejacksonllc.com. Greenwich CT Estate Sale by Elizabeth Jackson ...
Top Water Features - http://www.topwaterfeatures.com/
Riverside Jobs Greenwich 'Move-Up' Homes Don't Sell as New ...
By Riverside Jobs
Greenwich 'Move-Up' Homes Don't Sell as New Yorkers Stay PutBusinessWeek"That's in many cases a trade-up, or entry level," said Pruner, also the owner of Shore & Country Properties in Riverside, Connecticut. ...and more »
Riverside Jobs - http://riverside-jobs.com/
Our Greenwich
By franktrotta
The GPD Domestic Violence Unit chief, Lt. Rick Cochran, together with Suzanne Adams, the director of the YWCA Domestic Abuse Services, met twice with the Greenwich Times and Greenwich Post two years ago in an attempt to change the way ...
Our Greenwich - http://ourgreenwich.com/
Greenwich Roundup: 02/28/10 The Raw Greenwich News Feed
By GreenwichRoundup@gmail.com (Greenwich Roundup)
03/01/10 Vote for the Rockin' Appalachian Mom Proj...
03/01/10 MEDIA ALERT: Free Parenting Workshop in G...
03/01/10 The Greenwich First Selecrtman Report
03/01/10 Don't Trust Your Personal Information To ...
03/01/10 Where Is The Wanna Be Greenwich Time Goss...
Greenwich Roundup - http://greenwichroundup.blogspot.com/
Hiring: Hedge Fund Sales - Greenwich, CT
By josh
Hedge Fund Sales – Greenwich, CT. Description: Successful hedge fund in Greenwich is seeking a sales person to market to institutional investors in Europe. Qualifications: 3+ years relevant hedge fund sales experience. ...
HedgeFundJobList.com Job Blog - http://hedgefundjoblist.com/blog/
High Frequency FX Futures Quant/Trader, Rimrock Associates Inc ...
By admin
High Frequency FX Futures Quant/Trader, Rimrock Associates Inc., Greenwich, CT, United States. Mar 1st, 2010. Leave a comment. Multi-strategy hedge fund is seeking a high frequency quant/trader to join their research group which ...
Financial engineering resource center - http://www.riskey.cn/
Did I Really Move to Greenwich?: Fear and (Self-) Loathing
By Yelena
I've got to hand it to Aidan, she got me thinking. A lot. About fears and the things worse than fears. Like being afraid. I think being afraid is a lot worse than individual fears. Being afraid implies something I can't quite define, ...
Did I Really Move to Greenwich? - http://didireallymove.blogspot.com/

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03/01/10 Vote for the Rockin' Appalachian Mom Project in the Pepsi Refresh Project


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For More Information:
Rockin' Products, LLC 187 Sound Beach Ave., Ste. 2 Old Greenwich CT 06870

03/01/10 MEDIA ALERT: Free Parenting Workshop in Greenwich on 3/18

Hi,

Below, please find a press release for an upcoming free parenting workshop in Greenwich on 3/18 for Parents of At-Risk Teens. We would be grateful if you could include this in the Greenwich RoundUp. A photo of Michael Harmann is attached. Let me know if you have any questions or would like to do a more in-depth story.

Thanks!
Kari Campano

(203) 223-0756


FOR IMMEDIATE RELEASE

FREE WORKSHOP SERIES SCHEDULED FOR
PARENTS OF AT-RISK TEENS/YOUNG ADULTS


Greenwich, CT, March 1, 2010 - Michael Harmann, MSW, of Adolescent Behavioral Consulting announces an upcoming series of free workshops for parents of at-risk teens/young adults. The two-hour, evening workshops presented in a group discussion format, will focus on "Parent/Child Reciprocal Relationships" and will be offered in Greenwich (3/18), Stamford (3/25), Darien (3/31), New Canaan (4/15), Norwalk (4/22), Westport (4/29), Fairfield (5/6), Wilton (5/13), Weston (5/20), and Ridgefield (5/27). Serving as moderator of the group discussions, Harmann will provide participating parents with the opportunity to individually address their parenting challenges of their at-risk adolescents and will guide them to find solutions to their problems.

Michael Harmann, received his Master of Social Work graduate degree from Columbia University and is the founder of Greenfield Lodge, a sober living residence in California. He recently launched his innovative new service, Adolescent Behavioral Consulting, which serves families throughout Fairfield County, Connecticut. His goal in establishing this consulting service is to help restore balance to families in the area with at-risk teens and at-risk young adults and to offer a service that fills in the gaps of traditional health-care options currently available.

"Adolescent Behavioral Consulting offers dynamic and pervasive support for parents concerned with the safety and future of their children," says Harmann. "Our clients work with individual masters-level professionals who are available 24/7 to coach parents and to help them manage their troubled teens or young adults while leaving them in their present environment."

The unique approach of Adolescent Behavioral Consulting gives families an alternative or supplementary means of bringing peace to families with children in varying degrees of crisis. Services of the firm include one-on-one teen/young adult mentoring, parent coaching, in-home assessments, referral services, recovery coaching, outpatient support, psychologist/psychiatrist therapy adherence support, and 24 hour on-call assistance. Harmann also offers preventative consulting sessions for families with pre-teens or young teens who are increasingly being exposed to the dangers of today's adolescence.

"Parents need to know that they are not alone in their journey with their at-risk teen," says Harmann. "Through these workshops, I hope to bring parents together to not only help them with their issues, but also to help them explore their issues amongst a group of their peers experiencing similar situations. We look forward to working conjunction with local PTA's and other parenting groups to reach parents who will benefit from our series of workshops."

To sign up for the upcoming free workshops throughout Fairfield County, visit
http://www.adolescentbehavioralconsulting.com/

or email Info@adolescentbehavioralconsulting.com.

Locations of the workshops in each town will be announced and will be determined based on the number of confirmed participants.


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03/01/10 The Greenwich First Selecrtman Report

Former town traffic engineer loses arbitration case against town
By Neil Vigdor, Greenwich Time Staff Writer

The town was cleared of any wrongdoing after a laid-off traffic engineer was passed over for another job in the public works administration that his union said he was qualified to have.

An independent arbitrator ruled Feb. 21 that Garo Garabedian was not qualified to rejoin the town's work force as its highway superintendent....

...."It affirms the town's actions in terms of abiding by the collective bargaining agreement and taking the appropriate steps to see that due process was granted," First Selectman Peter Tesei said of the binding decision.

A message seeking comment from Garabedian, who worked for the town for 28 years, was left Friday with his wife at his home in New Canaan.

Lynn Mason, business manager of the Laborers' International Union of North America Local 136, which represents both Garabedian and Roberto, lamented the outcome.

"I disagree with the decision entirely," said Mason, who explained that there is a mechanism that could allow Garabedian to appeal the ruling in court, though no decision has been made....

...Tesei said the union was taking the whole bumping process to the extreme.

"Clearly, LIUNA doesn't believe in equal representation of their members if they're siding with one over another," Tesei said....

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03/01/10 Rick Torres Receives Endorsement of Conservative Party To Take On Greenwich Resident And Congressman Jim Himes

Bridgeport News


The Conservative Party of Connecticut has endorsed Bridgeport resident Rick Torres for U.S. Congress.

Torres, who lives in Black Rock and owns and operates the neighborhood’s Harborview Market with his wife Michele, is seeking the Republican nomination to challenge Democratic freshman U.S. Rep. Jim Himes.

The Conservative Party’s written endorsement described Torres as “a first-generation Cuban immigrant who has lived the American dream.”

A party release from Jesse Haskell, Connecticut Conservative Party USA chairman, stated that Torres “fled communist Cuba in the 1960s and arrived in Connecticut with literally the clothes on his back. He grew up in an impoverished neighborhood but never stopped believing things would get better. In high school he excelled in both athletics and academics, which earned him a scholarship to Washington University.”

The party endorsement described Torres as “a proven conservative leader who pledges to shrink the size of government, reduce spending, and provide tax relief for all Americans.”

Torres ran unsuccessfully for mayor in 2003, running well for a Republican against Mayor John Fabrizi. He served as city Republican Town Committee chairman before being forced out after endorsing Democratic state Rep. Christopher L. Caruso in the 2007 election.

He is one of a handful of Republicans seeking the GOP nomination this fall, including former state Sen. Rob Russo of Bridgeport.

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03/01/10 Don't Trust Your Personal Information To The Money Losing Greenwich Time - Make Your Comments At The Greenwich Topix Message Board


The Greenwich Time Is A Newsosuar

The Greenwich Time Has Four Ownership Changes In The Last Twelve Years

Can You Really Trust Your Personal Data To The Money Losing Greenwich Time?

The new and most recent bankruptcy announcement by MediaNews Group parent Affiliated Media will be especially hard on the Greenwich Time's parent company, Hearst Inc.

MediaNews Group was the previous owner of the money losing Greenwich Time, before Hearst had to bail out Denver based newspaper owners.

The secretive Hearst corporation improbably put money into MediaNews, its direct competitor in northern California, in the hopes of reversing the almost continuous loses it has suffered since stepping up to buy the San Francisco Chronicle in 2000. Instead of fixing the long-festering problem, Hearst became not just the biggest loser among the equity investors in MediaNews. It will be the only one.

That's because MediaNews heads Singleton and Richard B. Scudder put any of their own money into the company That bought the money losing Greenwich Time and San Francisco Chronicle.

MediaNews partners like Gannett, Stephens Media and E.W. Scripps are also immune.

Only the secretive Hearst Corporation , it seems, actually put money into the operation that owned the Greenwich Time up until about a year and a half ago.

Misters Singleton and Scudder will, of course, lose net worth should their horde of stock be redistributed to bondholders.

Hearst's likely loss is a direct result of its hapless, and so far hopeless, effort to make good on the ill-fated acquisition of the San Francisco Chronicle.

After sinking the better part of $700 million into buying the San Francisco daily in a lengthy, painful and costly legal process that began in 2000, the secretive Hearst corporation has been forced since then to underwrite ongoing losses ranging as high as $1 million a week.

In addition to the estimated $1.2 billion Hearst has spent to date on buying and running the newspaper.

The Hearst Corporation now faces the loss of the $317 million that it invested in MediaNews in a complicated -- but subsequently scuttled -- effort to partner with MediaNews to work together and enter into some sort of operating partnership that included the money losing Greenwich Time.

For a variety of reasons, that never happened.

Now, just as Hearst Newspaper Editor David McCumber is touting the Greenwich Time's supposed new improvements, he fails to tell his readers that his company will be the one left holding the MediaNews bill.
The truth is that the Greenwich Time is desperate and money hungry.


So Is It Smart To Turn Over Your Personal Data To The Money Losing Greenwich Time?

You Don't Know Who A Cash Strapped Hearst Newspapers Or A Bankruptcy Judge Might Sell Your Personal Information To.

What Is The Hearst Corporation Doing With All Of Your Personal Information?

Some Greenwich Time Website Users Say They Are Getting Bombarded With Spam.

Don't Risk Identity Theft Just Because You Wanted To Comment On A Greenwich Time Article

If You Want To Comment At The Greenwich Time You Must Tell Them .....

Everything About You And Your Family.

Your Email Address
Your Password
Your First Name
Your Last Name
Your Address Including Zip Code
Your Gender
Your Annual Income
Your Birth Date And Other Information About Your Household

Do You Really Want The Hearst Corporation To Send You ....

"Periodic email products and opportunities from Greenwich Time on behalf of its selected advertisers and clients"

Only A Fool Would Trust Their Families Personal Data To The Hearst Corporation And The Greenwich Time.

Don't Risk Identity Theft At The Greenwich Time When You Can Easily Comment On These Stories At Topix.....
Top Story At The Greenwich Topix Message Board:
An Update On Officer Terral Hardy
Does anyone even know that Officer Hardy has been in a custody struggle in the state of Arizona where he has not been allowed by the court to be alone with his only daughter due to his continuing anger issues. He has also been charged with speeding with his daughter in the car because he is a "policeman" and knows what he is doing
Comment?
More News At The Greenwich Topix Message Board......

Connecticut's landmark campaign finance system is in danger of collapsing during its first gubernatorial election cycle.
BPT says.....
Would'nt our politicians love a "financial free for all."think of all the $$$$ skimming that can be done. I feel our leaders won't be addressing THIS issue soon.

Voice lessons: Greenwich rabbi uses Web phone for bar mitzvah tutoring
Rabbi Vicki Axe sits in the kitchen of her Stamford home facing Armand Filatov , photocopied pages with a portion of the Torah stacked in front of her on a stool, her pencil poised and ready.
Comment?
Lawyer mixes jewelry, charity (Connecticut Post)
Jewelry and charitable giving usually bring separate joys. Jessica Mindich of Greenwich has brought them together by founding Jewelry for a Cause, which allows buyers of jewelry to donate to a worthy endeavor at the same time.
Saturday gala to benefit Healing Hearts Pediatric Therapy Center
As the mother of a child with autism spectrum disorder, Rena Field has a whole different outlook on the phrase "road trip." For the past decade, Field has spent hours driving her son, Spencer, across Fairfield County to appointments for several different therapies.
Comment?

Controversy Blooms Over the Latest Physique Enhancing Breakthrough (Press Release News From 24-7 Press Re...)
GREENWICH, CT, "My original intention was to simply find a substance that could naturally enhance lean muscle mass while ridding the body of excess fat." So says Carlon Colker, MD, FACN, author of a book called Extreme Muscle Enhancement and discoverer of MYO-T12 . For the better part of the last decade.....
SAC's Cohen Trades Secrecy for Golf With Investors Enticed by 30% Returns
In late January, billionaire Steven A. Cohen hosted a golf outing for two dozen people at the Bear Lakes Country Club in West Palm Beach, Florida.....

... neither Cohen nor any of his analysts would meet with him. Cohen, who lives on a 14-acre (6-hectare) estate in Greenwich, Connecticut, which he bought for $14.8 million in 1998, allowed a reporter to visit his offices in Stamford. He declined to ...
Comment?
This Just In To The Greenwich Topix Message Board.....
Lil Wayne not looking forward to prison
Lil Wayne may be a self-professed gangsta with the gunshot wound to prove it, but he's made plenty clear how he feels about doing time behind bars....

... to treat famous inmates like any others, lest they face criticism for catering to celebrities. The police union in Greenwich, Conn., slammed the town's police chief for letting ex-Supreme Diana Ross keep a cell phone and make a trip home while she ...
Comment?
Scattante Breaks New Ground with Super Lightweight Carbon Fiber Road Bike
Chapel Hill, NC -- Scattante today officially unveiled a carbon bike frame that weighs in at 980 grams and instantly gives professional and avid cyclists one of the most affordable race-ready road bikes on the market."Throw whatever notion you have about Scattante out the window," said Bo Glenn, Divisional Merchandise Manager for ...

... avid biking enthusiast and the recreational rider. Performance Inc. is majority owned by North Castle Partners of Greenwich, Connecticut. For more information about Performance Bicycle, please visit www.performancebike.com .....
Comment?
Greenwich's `Move-Up' Homes Linger on Market as New York Buyers Stay Put
Bryan Roddy says it seemed a smart investment in April 2007 when he and his partners bought a $1.2 million home in Greenwich, Connecticut, added two bedrooms and baths and priced it at $2.9 million to lure Manhattan buyers.....
Comment?
Focus on Academia
The Board of Education has rescheduled its February business meeting, which was canceled last week due to snow, for 7 p.m. March 11 at Western Middle School , Western Jr....

.. A Greenwich Academy student Nandita Makam will host a Sudoku workshop, featuring national Sudoku champion Nate Tsyrulnik , from 2 to 3:30 ...
Comment?
Renaissance man to lead Stamford non-profit housing organization
Jason Shaplen has undertaken a lot of challenges in his life -- he's worked as a speechwriter for Bill Bradley 's presidential campaign, a Newsweek journalist and a diplomatic negotiator in North Korea.....

... said. The most recent results for a statewide count showed out of about 260 homeless persons in Stamford and Greenwich shelters, about 60 percent were housed at St. Luke's LifeWorks, he said. Dana Low, president of the agency's board of directors, ...
Comment?
Community group scoffs at fees for community room
Community advocates Sylvester Pecora Sr., left, and Tom Conelias stand in front of Hamilton Avenue School ....

....The school will not let their community meetings use the school's community room for free....

...If it was built as a community room, it should be open to the community.A That's the sentiment of members ...
Comment?

Q&A with Rye Historical Society President Sheri Jordan
Rye Historical Society president Sheri Jordan is helping her group gear up for Rye's 350th anniversary celebration....

... anniversary of the founding of Rye in 1660 by Thomas Studwell, Peter Disbrow and John Coe (from the settlement of Greenwich) when they purchased land from the local Native Americans. This land eventually encompassed what is now the City of Rye, the ...
Comment?

Anglers fly to top despite tough conditions
Redbone competitors were treated to some un-Bahama like conditions Saturday. A windy, cloudy day translated into rough seas for the 11 teams at the Redbone Deep Water Cay Bonefish Classic, the first tournament of the 2010 Built Ford Tough ESPN Outdoors Saltwater Series presented by Takemefishing.org ...

...Stephen Gromelski Uh oh! Paul Dixon reacts to ...

... to land all their bones on a fly. "It was pretty steady pickings all day," said Collier, a equity investor from Greenwich, Conn. "But when the conditions are like this, it makes everything harder. Managing your line and just actually concentrating ...
Comment?

Not much cutthroat competition for Byram hair salons
Walking around in downtown Byram in need of an emergency trim? The problem may lie in deciding where, from among the abundance of options, to go.A In somewhat of a quirk of the neighborhood, a half-dozen hair salons, including a lone barbershop, occupy street-level storefronts within the span of a few short blocks.....

... to her older customers. Finn, who grow up on nearby North Water Street and now lives in the Pemberwick section of Greenwich, has women that have been coming to her all their lives. A few stores over, Albert Aminov runs his barbershop in a space that ...
Comment?

HaHaHa - Matt Taibbi Skewers whiney Aig VP Jake DeSantis
The whole article is a great read - here's an excerpt - click the link and read the whole thing....

... But DeSantis works for tiny, 377-person AIGFP, a unit that had only two offices -- one in London and one in Greenwich, Conn. And we're talking about financial professionals, the most shameless group of tirelessly envious gossips ever to walk the ...
Comment?





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03/01/10 Where Is The Wanna Be Greenwich Time Gossip Monger Susie "The Dish" Costaregni? Someone Should Report On All The Hearst Family Scandals

John, the once-boyish grandson of the maniacal yellow-press baron William Randolph Hearst-nicknamed "Bunky" by Washington Redskins owner George Marshall, who found him a dead ringer for the baby-hero of a 1920s comic strip-is among the 13 fortunate souls presiding over the Hearst Family Trust.

The Trust conveniently also makes up a stolid majority of the Hearst Corporation's board of directors.
This clannish overlapping directorate was the brainchild of Big Daddy Hearst, who was determined that his blood descendants should lord over the sprawling Hearst empire with the same iron fiat that he enjoyed.
Town residents have long known that Hearst Corp's Greenwich Time could do better job of unearthing local news.


What Greenwich residents didn't know is that the Hearst Corporation, and the family behind it, are dedicated to a cult of secrecy unique in American newspaper dynasties.
Citizen Bunky

Let's take a little peek at the inner dealings of John Randolph "Bunky" Hearst Jr., grandson of William Randolph Hearst and an integral member of the Hearst Corporation, owner of, among many other things, the Greenwich Time, the Greenwich Citizen, The Stamford And Norwalk Advocates , The Connecticut Post , The Danbury News-Times as well as, a bunch of Fairfield County weeklies.

Lets start revealing some of the company's deepest secrets

Recently the corporation, that owns the Greenwich Time, got dragged into the last throes of Bunky's marriage and is now a cautionary tale in corporate governance


As stipulated by William Randolph Hearst's will, five of the 13 seats on the company's board of trustees (the corporation is run by the Hearst Family Trust) are filled by family members, who also sit on the 20-member board of directors.

The Owners Of The Greenwich Time Demand Transparency From Others, But Hide Their Corporate Operations From The Public

How this truly works is kept shrouded, as the family got the state of California to seal Hearst's will and trust after
Patricia Campbell "Patty" Hearst (cousin to Bunky) was kidnapped in 1974, allowing it to operate in secrecy.

When Patty Hearst was kidnapped by the Symbionese Liberation Army in 1974, guardians of the Hearst holdings won the right to quarantine the identities of the lead trustees as well as most of their fiduciary doings, on the theory that publicizing such information would grant a virtual blueprint for other scheming scion-abductors.

Hearst Corporate Cult of Secrecy Detailed in Bunky Hearst Divorce Saga

Bunky's third marriage-to Barbara, a former Hamptons-cruising photo stylist who had formerly been in hock to the IRS for $50,000-went asunder.


Barbara served divorce papers to Bunky in 2004, some 15 years after he suffered a debilitating stroke.

Bunky initially tried to smite down Barbara's robust proposed settlement of shared assets via the tried-and-true adultery tactic with a claim that she had been on the scene and in flagrante when a neighbor dropped dead. The neighbor was found naked in his bedroom under the influence of a dosage of black-market Viagra.

Barbara, meanwhile, chalked up the awkward scene to a fatal heart attack the poor gent suffered during a post-gardening shower. She was merely lunching on site in the Hamptons.

But the adultery strategem proved a wash. Bunky, who had been disabled by a stroke in 1989, had prevailed on a nurse for a blowjob, Barbara's legal team countercharged—while freely conceding that their client had approved a series of "sexual surrogates" for Bunky once the couple's sex life went permanently south.

So Team Bunky mounted a fraud offensive. The scheming Barbara, Bunky's attorneys claimed, had taken advantage of her husband's "vulnerable" condition to quietly leverage control of most of his holdings. She had fired his longtime lawyer and took on one who made some brisk transfers, permitting her to pile up real estate holdings and to close nearly all of Bunky's bank accounts, while opening more than a dozen bank and brokerage accounts in her name.

Bunky shot back and accused Barbara of gold-digging -Hearst v Hearst - and trying to infiltrate his estate, claiming that the scores of documents she drafted that transferred much of his wealth into her name and got him to renounce any rights to her estate upon her death were signed only because of his weakened state.

This Caused Barbara Hearst To Raised The Issue Of Bunky's Post-Stroke Coherence


If Bunky's competence was in question then the decisions he made over the past 15 years as a Hearst trustee and director should be admissible at trial -- every letter he signed and the minutes of every meeting he attended since his stroke.

Barbara Hearst's attorneys subpoenaed Hearst Corp. for every post-stroke document that reflected Bunky's "actions and involvement" as a trustee or as a member of Hearst's board.

War of the Roses-style legal positioning comes to a halt

Hearst corporate lawyers quickly made it a point of unassailable corporate honor that Bunky was merely "vulnerable" to Barbara's wily machinations, and not flat-out "incompetent" to manage his, and the family's, affairs.

In that none-too-flattering distinction, after all, resided the hallowed Hearst prerogative to keep company finances and secret plans firmly grounded in the family hearth.

Now Horror Of All Horrors: Hearst Corp.'s previously secret inner workings would come to a very public light.

The Hearst family and company put up a secrecy Maginot Line when Mrs. Bunky demanded to see documents memorializing 15 years worth of Bunky's decisions as a Hearst trustee and director.


Most of Bunky Hearst's fortune came from the payments he received as a beneficiary of a family trust that controls the privately-held Hearst media empire (Hearst's assets include 200 magazines, 16 newspapers, the A&E cable channel and a 20% stake in ESPN).

Bucky reportedly was a favorite grandson of his famous grandfather. He holds one of the trustee seats and received a reported $9.5 million from the trust in 2006 (with similar payouts yearly). The trust also helped Bucky's cousin, Phoebe Hearst Cooke, grow a fortune worth more than $2 billion.

Even by the standards of privately-held companies Hearst is remarkably secretive. Yet Barbara Hearst's legal maneuvering around her divorce came close to spilling the company's most closely-held business secrets into the open.

In This Hearsts' Split, Mrs. Bunky Got Old W.R.'s Booty

In a September 2008 response to Barbara's motion, the Hearst Corporation offered to stipulate that Bunky was "legally competent" in exchange for not having to turn over legal papers.

Barbara's lawyers declined the offer.

In December 2008, Bunky agreed to withdraw his fraud action in exchange for a divorce, and agreed to allow Barbara to keep most of the assets he had claimed she had embezzled.

Bunky coughed up most of the $10 million in assets to which Barbara had laid claim-though not the $90,000 in monthly alimony she had requested.

A Hearst Corporation attorney has publicly insisted the company had not forced Bunky to settle.

Documents remained private.

Bunky retreated to his estate in the Hamptons

Bunky's consolation prizes included restored full title to his favorite boat, The Millicent (named for his grandmother), and the Hamptons estate that Barbara, in that beguiling way of hers, dubbed "Little Versailles." Mainly, though, he stays in the cottage abutting the spread, which sits on the water near his boat; there, he sneaks cigarettes when out of view of his nurses, and dotes on possessions like a copy of the famed "Rosebud" sled featured in Orson Welles' fictionalized account of his granddad's exploits, Citizen Kane.

We're never told what Bunky's views may be on Gore Vidal's celebrated claim that "rosebud" stands in for a very different kind of mogul's perk for the elder Hearst.

The Former Mrs. Bunky Moves On With Her Life

Barbara, meanwhile, has a new blonde dye job (which you can admire on her sadly invitation-only Facebook page.

What's more, of course, she's hung on to the Hearst family name-and, given all that she's done to surmount New York state's otherwise ungenerous divorce settlement laws, who can deny that she's earned it?

The Hearst Corporation and the Greenwich Time and the Greenwich Citizen remain as shrouded in corporate secrecy as ever

The Hearst trustees have gone to extraordinary lengths to keep the family business private.

Skeptics -- among them some renegade Hearst family members -- have suggested that the trustees' fondness for secrecy has more to do with their fear of being sued and preservation of their own positions that require little or no work but provides a hefty salary.

The Hearst trust has been sued by Hearsts and their ex-wives for three generations now yet has remained unscathed -- though it will come to an end, and the company will be divided up, when the last of William Randolph Hearst's grandchildren dies.

Here is the wikipedia page about Hearst Corp. that overviews how expansive it is.

Try out this William Randolph Hearst relationship map

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