Reed Krakoff's Mansion: Back On Market For $52 Million

The New York Observer:

Reed Krakoff's massive mansion is back from the dead.

Three and a half years since 115 East 70th Street was bought for $17 million, and two and a half years since it was gutted by an early-morning three-alarm blaze that injured a firefighter, the Coach president's townhouse has quietly become available, according to a source.

Read the whole story: The New York Observer

Comments

[wagadog]

Lets just wait a minute with the snark. I...I kinda like Coach bags. Have only ever owned one, but really -- unlike the mere money manipulators, Coach actually MAKES things -- useful, high-quality things -- which I respect. If he's putting his house in town on the market, in this economy, while there do not appear to be layoffs at Coach, this is not the sign of someone who's been skimming -- more like a man putting his own home on the market to continue making payroll at his own company. Which I also respect. Is Coach the recipient of bailout money? What is the rational basis for the snark?

[VivaZapata]

I guess you've already dismissed the innuendo in The New York Observer that the fire which injured one of New York's Bravest was somewhat suspicious. Destroy and injure to make a huge profit so that you can make payroll. hmm. nothing snarky there, eh?

[davidwayneosedach]

Dream on!

[Enid]

I'm waiting till I get my stimulus cheque before making my offer.

[kareemachan]

lol

[PhilipTaylor]

EXECUTIVES HAVE SKIMMED THE AMERICAN CORPORATIONS AND AMERICA TO THE BONE!

The SKIMMING of AMERICAN CORPORATE WEALTH by Executives, Managers, Sales Staff, Analysts, and others into employee pockets has left America with weak “Ghost” Corporations that can NOT survive even moderate Economic Downturns without robbing the Taxpayer!

“Wall Street/Corporate CUT-THROAT Culture" has been taken to its rightful conclusion and a NEW Culture will Emerge. One more balanced with the rest of America, more just, less dependent on the Taxpayer, more able to survive, accountable to Americans and their Government, and able to make and keep its profits.
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The BANKSTER Executives homes in CT and Ham_ptons are JUST as Pretentious costing even MORE!

THE ENTIRE WASHINGTON-WALL STREET CYCLE OF CORRUPTION MUST BE CHANGED
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[Dunderslapoldmen]

Lawmakers Have Long Rewarded Their Aides With Bonuses Article
Comments (33)
more in Politics »By BRODY MULLINS and LOUISE RADNOFSKY
WASHINGTON -- While Congress has been flaying companies for giving out bonuses while on the government dole, lawmakers have a longstanding tradition of rewarding their own employees with extra cash -- also courtesy of taxpayers.

Capitol Hill bonuses in 2008 were among the highest in years, according to LegiStorm, an organization that tracks payroll data. The average House aide earned 17% more in the fourth quarter of the year, when the bonuses were paid, than in previous quarters, according to the data. That was the highest jump in the eight years LegiStorm has compiled payroll information