Qatar Investment Authority acquired the Park Lane Hotel. The hotel overlooks Central Park in Manhattan. The 46-story hotel was sold for around US$ 623 million and is located at 36 Central Park South, New York, NY 10019. The seller is Steve Witkoff’s company. Harry Helmsley developed the hotel in the 1960s. Steve Witkoff purchased the…
the bankers move in. donald s $100 million yacht goes to the boston safe deposit and trust company. his half-interest in the grand hyatt hotel goes to bankers trust. his trump shuttle goes to northwest airlines. the man who was the darling of the 80s is seen as a man in trouble, and he knows it. mcinerney: insofar as we can say that the 80s was a period of hedonism and excess, then the end of the decade was the hangover. it s more like the rich are taking their tumble now. o reilly: leona and harry helmsley, one of the richest couples in the world, were today treated as common criminals, booked in manhattan on 139 counts of fraud, tax evasion, and extortion. the government charges that the helmsleys renovated their $11 million connecticut estate and wrote the cost off as a business expense on their taxes. clayton: a former housekeeper said mrs. helmsley once told her, we don t pay taxes. only little people pay taxes. helmsley was sentenced to four years in prison,
that s all it is? it has nothing to do with the ego. all i know is it sells. what do you do? security. we don t need security here. let s go outside. we have people outside. auletta: leona helmsley was the wife of harry helmsley, one of the major much bigger than trump real estate developers in new york. i asked for something. i did not get it from you. i want it. you have nothing to do? connelly: leona helmsley, the queen of mean. the idea was that she was so mean because she wanted you to have a great experience in one of her hotels. really? seemed like she was just mean. oh, my. it s paradise. he stands here and he says i m taking inventory, i own this, i own this, i own this, and that one and that one and that one. he plays monopoly, but with real buildings. with real buildings. wallace: they bought this connecticut estate a year ago 26 acres, 28 rooms for just the two of them. and this building structure is just what?
even here, wall street is in charge. wall street being a parrot green, as in money. he reigns over an entry foyer that runs the entire length of the house, and at the end of that long foyer, we find this morning boone pickens. good morning, sir. how are you? good morning, harry. why don t we go ahead and head into the trophy room, if you don t mind? sure. nocera: t. boone pickens was a texas oilman who became the original corporate raider. he would buy a bunch of stock in the company, talk about how the executives needed to be tossed out, and make a play to take over the company. rodriguez: pickens company, mesa petroleum, which is only 1/20th the size of phillips, moves first by buying 5.8% of the stock privately. now pickens lets it be known that he wants to buy another 15% from the shareholders and thus gain a seat on the corporate board. there s one thing i want to put in place, is that stockholders own companies and managements are employees. stahl: phillips agreed to buy back
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