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Lehman No. 2 Joe Gregory Lays Off Household Staff Of 29

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Joseph_gregory.jpg

It's a brave new world for those f/k/a superrich. Joe Gregory, 56, Lehman's #2, has to say goodbye to his household staff of 29, and endure not taking a helicopter or seaplane (in bad weather, obviously) to work from Long Island. (Not that there's work to go to, but you know what we're saying.) And, meanwhile Wall Street wives are learning about the magic of coupons. What fun!

See the CNBC clip below, sorry for the black and white jobby, in which Vanity Fair's Michael Shnayerson is interviewed about next month's article on how the rich are coping: "Profiles In Panic."

 

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Join the conversation about this story »


Ex-Lehman President Joe Gregory Slashes Price On Hamptons Mansion

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After trying to dump his Bridgehampton crib for more than a year, Joe Gregory is finally caving on price.  Now it's yours for $27.9 million.

WSJ: Mr. Gregory first put the 9,500-square-foot oceanfront home in Bridgehampton, N.Y., on the market last summer. On 2.5 acres, the three-year-old shingled home has eight bedrooms. There’s a swimming pool and more than 200 feet of ocean frontage. The listing agent is Michael DeSario of Corcoran Group.

Full photo spread here >

Meanwhile, Dick Fuld decided not to flip his Park Avenue co-op for $32 million.

joegregorybridgehampton.jpg

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Former Lehman President Joseph Gregory Is Selling His Breathtaking Long Island Mansion For $22 Million

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Joe Gregory

Former Lehman Brothers president/COO Joseph Gregory's principal residence on Long Island's North Shore has just been put up for sale. 

The gorgeous home at 26 Lloyd Haven Drive is priced $22 million, according to a listing on Coldwell Banker.  

A look into court documents and the house's  sales history, show the property hasn't changed hands, and still belongs to the former top Lehman exec.

The estate, which is situated on almost 10 acres with waterfront access, was custom built in 2002. It boasts six-bedrooms, eight full baths, two half baths and a seven car garage.

The property also has a 15,000 square-foot main house and a 6,000 square-foot guest house, according to the listing.  (The main house can be sold without the guest house).  

According to a Vanity Fair piece from 2009, Gregory used to fly a helicopter and sometimes his seaplane from this residence to Manhattan to shorten the commute. 

Just last year, he sold his Bridgehampton home to former CNBC host/ad executive Donny Deutsch for $20.5 million.  

Gregory also had a ski home in Manchester, Vermont, an apartment at 610 Park Avenue and reportedly a home in Pennsylvania, the Vanity Fair article said.  

A listing agent for the Lloyd Harbor property declined to comment, but we have the photo tour right here for you. 







See the rest of the story at Business Insider

Please follow Clusterstock on Twitter and Facebook.

Lehman No. 2 Joe Gregory Lays Off Household Staff Of 29

$
0
0

Joseph_gregory.jpg

It's a brave new world for those f/k/a superrich. Joe Gregory, 56, Lehman's #2, has to say goodbye to his household staff of 29, and endure not taking a helicopter or seaplane (in bad weather, obviously) to work from Long Island. (Not that there's work to go to, but you know what we're saying.) And, meanwhile Wall Street wives are learning about the magic of coupons. What fun!

See the CNBC clip below, sorry for the black and white jobby, in which Vanity Fair's Michael Shnayerson is interviewed about next month's article on how the rich are coping: "Profiles In Panic."

 

Join the conversation about this story »

Ex-Lehman President Joe Gregory Slashes Price On Hamptons Mansion

$
0
0

After trying to dump his Bridgehampton crib for more than a year, Joe Gregory is finally caving on price.  Now it's yours for $27.9 million.

WSJ: Mr. Gregory first put the 9,500-square-foot oceanfront home in Bridgehampton, N.Y., on the market last summer. On 2.5 acres, the three-year-old shingled home has eight bedrooms. There’s a swimming pool and more than 200 feet of ocean frontage. The listing agent is Michael DeSario of Corcoran Group.

Full photo spread here >

Meanwhile, Dick Fuld decided not to flip his Park Avenue co-op for $32 million.

joegregorybridgehampton.jpg

Join the conversation about this story »

Former Lehman President Joseph Gregory Is Selling His Breathtaking Long Island Mansion For $22 Million

$
0
0

Joe Gregory

Former Lehman Brothers president/COO Joseph Gregory's principal residence on Long Island's North Shore has just been put up for sale. 

The gorgeous home at 26 Lloyd Haven Drive is priced $22 million and it is listed with Bonnie Williamson with Daniel Gale Sotheby's.  

A look into court documents and the house's  sales history, show the property hasn't changed hands, and still belongs to the former top Lehman exec.

The estate, which is situated on almost 10 acres with waterfront access, was custom built in 2002. It boasts six-bedrooms, eight full baths, two half baths and a seven car garage.

The property also has a 15,000 square-foot main house and a 6,000 square-foot guest house, according to the listing.  (The main house can be sold without the guest house).  

According to a Vanity Fair piece from 2009, Gregory used to fly a helicopter and sometimes his seaplane from this residence to Manhattan to shorten the commute. 

Just last year, he sold his Bridgehampton home to former CNBC host/ad executive Donny Deutsch for $20.5 million.  

Gregory also had a ski home in Manchester, Vermont, an apartment at 610 Park Avenue and reportedly a home in Pennsylvania, the Vanity Fair article said.  

A listing agent for the Lloyd Harbor property declined to comment, but we have the photo tour right here for you. 

Source: Daniel Gate Sotheby's



Source: Daniel Gate Sotheby's



Source: Daniel Gate Sotheby's



See the rest of the story at Business Insider


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