From the “pouring your money into other assets before your company’s stock price sinks below $5” department comes this item about Warner Music Group‘s CEO: “MUSIC mogul Edgar Bronfman Jr. is stockpiling Manhattan apartments. The Post’s Braden Keil reports the Seagram heir and his wife, Clarissa, who recently sold their East 64th Street townhouse for $50 million, have paid $18.75 million for a 10-room condo in the historic Carhart mansion on East 95th Street…. Last summer, the Bronfmans reportedly paid $19.5 million for a co-op at 1040 Fifth Ave., the building where Jackie Kennedy Onassis resided.” [NYP]
