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Men's Socks by Subscription: The Sockscription Review

Filed under: Apparel, Men's Style, Modern Gentleman

Men's Socks

The idea of the Sockscription is pretty simple (we first discussed it here). The guy who never thinks about buying new socks gets them delivered via mail direct a few times a year. It also makes good business sense for Blacksocks as they know they have your ongoing business. Convenience services such as this make a lot of sense for the modern busy guy - but you also run the risk of having just too many socks. The problem the service tries to avoid is you having hole-ridden business socks when you least want to.

J. Crew Agrees to $3 Billion Takeover

Filed under: Apparel


Purveyor of preppy style J. Crew has agreed to a $3 billion takeover by two private equity firms. TPG Capital and Los Angeles-based Leonard Green & Partners say they plan to work with J. Crew Chief Executive Mickey Drexler, who will remain in that role and maintain a "significant equity investment" in the New York-based company, the Wall St. Journal reports. Drexler, the former head of The Gap, has doubled sales to more than $1.5 billion during his tenure and will personally pocket $150 million from the deal, the San Francisco Chronicle notes. The offer of $43.50 a share in cash represents a 16% premium over J. Crew stock's closing price of $37.65 on Monday and will require shareholder approval. Despite having gotten a boost courtesy of big fan Michele Obama, who wore their designs at numerous public appearances, the company's fortunes have oscillated with the economy. In May 2009 my colleague Deirdre Woollard reported that J. Crew eliminated a number of jobs in an effort to reduce its annual budget by $40 million.

How BP's Tony Hayward Got Shortchanged

Filed under: Wealth, Crimes and Misdemeanors

On July 26 my colleague Deirdre Woollard reported that ousted BP CEO Tony Hayward (right), who become the target of international ire after the company failed to contain the massive Gulf oil spill, will walk away with $1.5 million in salary and benefits plus a pension worth over $17 million, for a total of cashout of $18.5 million.

That may seem like a lot of money for someone who oversaw the worst ecological disaster in recent history and watched his company's fortunes plummet – but in fact Hayward's "golden parachute" is pretty damned paltry compared to other recently ousted CEO's payouts, the Economist points out.

For instance, Hayward's kiss-off is a whopping $191.5 million less than the $210 million received by Home Depot CEO Robert Nardelli in 2007, who departed the company after its share price plunged. After the jump you'll find the newspaper's selected ranking of CEO payouts, showing Hayward languishing in last place. So don't be too hard on the guy - compared to his other former CEO pals he's practically penniless and they're probably all making fun of him at the club:

Four Reasons Business Jets Are Back in Style

Filed under: Luxury Travel & Hotels, Wings

Private jet travel is back! When we were in the depths of the financial crisis, the best way to fly was a sure way to attract criticism, especially when the Detroit auto executives showed up before Congress a year ago and had to explain why ailing companies were forced to shell out for the perk. Well, the private jets are coming back into style, but it's more for pleasure than business.

Business jet manufacturers delivered only 615 in the first three quarters of 2009, a steep decline of 37.8 percent year-over-year, according to the General Aviation Manufacturers Association. According to Jack Petlon, CEO of Cessna, though, there are signs of life. "With the financial collapse that occurred there was a lot of anger, a lot of hurt, a lot of people reaching out and striking at what became an image and the image was a corporate business jet," he told Forbes. He continued, "We as an industry are now spending our time righting that wrong perception."

Here are four facts you may not have know about business (and private) aviation:

Kate Moss to Sign $80 Million Deal with Simon Cowell

Filed under: Wealth, Celebrity Design


Kate Moss is set to become the world's richest model thanks to a lucrative new deal she's about to ink with British mogul Sir Philip Green, shown with Kate above, and TV producer extraordinaire Simon Cowell. The 35-year-old supermodel is joining forces with the two men on a new $1.6 billion global multi-faceted entertainment company. Green owns the Topshop brand which Moss recently collaborated with for a new collection. Moss will direct the style and image of the as-yet-unnamed empire, as well as give fashion-related branding advice, under the terms of the deal which could net her up to $80 million based on profit-sharing arrangements, the London Daily Mail reports. The sum would double Moss' fortune giving her a net worth of about $160 million, the paper notes. In essence the plan is to merchandise the hell out of Cowell's hit TV shows both here and abroad. The prospect of Moss getting involved in the music side of the business has also been floated.

Silverjet Closes Up Shop

Filed under: Wings

In a move that surprises no one given the recent shuttering of business-class-only jet services MaxJet Airways and Eos Airlines, Silverjet, the last of the three, has folded. The London-based company failed to get a necessary $5 million in emergency funding to continue operations. The rise in the price of jet fuel doomed the business which was never profitable in its 16-month run. Lawrence Hunt, the chief executive of Silverjet, says on the Silverjet website that it might not be over yet, if he is able to get new investors with deep pockets the company will start up again. Unfortunately given the track record of business-class-only airlines, which despite the obvious appeal, seemed doomed to failure, he will have a tough road ahead.

Sharper Image Hopes For A Quick Sale


A couple months ago we mentioned that high-end gadget retailer Sharper Image had filed for bankruptcy, now the company is up for sale. The retailer has said they want to be sold by the end of May and are preparing for an auction of the business as soon as possible. A Reuters article features a quote from Robert Conway, Sharper Image's chief executive which says in part that the current retail climate and the limited financing options available have prompted the sale. A potential buyer may be found in Jerry Levin, the former chairman of Sharper Image's board who recently resigned and has stated publicly that he is interested in working investors to buy the company. Like RedEnvelope, which is also up for sale, the Sharper Image has continued to keep doing business which leads me to wonder how many people are aware that the businesses they are shopping with are inches from going under.

Best Business Class Lounges in the World

Filed under: Luxury Travel & Hotels, Spas

Those who travel frequently often find themselves in between destinations, killing time in an airport. Whether it is a flight delay or a long layover, that downtime can be anything but pleasant. Huge crowds, long lines, and the general chaos that reigns in an airport is not conducive to working or relaxing. That's where the business-class lounges come in. A respite from the madness, these havens range from the very basic to the very luxurious - and knowing which is where can come in handy when planning your itinerary.

Each year, Skytrax ranks the 10 best business-class lounges in the world based on data that includes customer surveys and business research group interviews. The results are in and in the number one spot is Virgin Atlantic's Clubhouse at Heathrow Airport. In addition to a complete office, library, and video projection system, those looking for first class relaxation will find everything they desire. Take a cat nap on a daybed in a hideaway mezzanine, enjoy a meal in one of several dining options or have a drink at the bar. Or use the time to visit the Cowshed Spa, where you can get a facial, massage or even a tan. If all that pampering musses your hair, you can stop by the Bumble and Bumble Hair Salon.

A few North American carriers are beginning to upgrade their lounge offerings, but for now you won't find any of them of Skytrax's top ten list.

Shinebox Print Business Cards

Filed under: Gadgets


Everybody's got a business card these days, even soccer mom's have them! It's just the easiest way for everybody, not just business types, to keep in touch and communicate sometimes. So why not design your own, and have something unique and stylish instead of the standard boring layout everybody has? Business cards from Shinebox Print are not only cute in their little box with perforated edges, but you can personalize them however you want by including your own pictures, graphics, layout and everything on the front and back. Of course you can get personalized cards from lots of places, but these are so much more artistic, and a little different. And if you like the idea but don't necessarily want business cards, Shinebox can make calling cards, coupons, or any number of other projects. Prices start at $150.

Via LuxuryLaunches

Virgin America Debuts New "Red" Consoles

Filed under: Luxury Travel & Hotels

Virgin America, an airline that is part of the Virgin empire, has just introduced some new advertising-sponsored in-flight consoles as a way to keep costs down on the lower fare airline. With the ad-supported system, dubbed "Red", travelers can get access to in-cabin text messaging, movies on demand, satellite TV and a variety of games and audio channels. The system also "provides AC power and wireless connectivity for travelers with laptops," making Virgin America sound much more convenient for business travelers who might otherwise avoid "budget" airlines because they're difficult to work on.

French Foie Gras Industry Expects Record Year

Filed under: Dining

In spite of bans and animal rights outcries against its production, fois gras might be more popular than ever before at eateries. Luxury and gourmet foods are becoming increasingly popular and more diners are seeking out high-end meals in general. There are only a couple of farms in the US, but the French fois gras industry is expecting a record year. 85% of the world's production of the fatty duck (or goose) liver comes from France and the French foie gras producers see the 6% growth from the last year as in indicator of things to come, though they do say that half of the annual sales of fois gras are generated in December.

The Business Bib

Filed under: Apparel

Do you telecommute to work on a regular basis? For many who work from home on a regular basis, the dress code is relaxed, to say the least. Some work in jeans and a T-shirt, while others stick with pjs and slippers for the majority of their working hours. But with a rise in video conferencing, stay at home workers find that they have to meet real office dress codes even in their home office. Enter the Business Bib. It enables wearers to look like they're properly attired in a full suit from the chest up, so you can fool you boss and co-workers via webcam and avoid getting dressed for a bit longer in the mornings. It may look strange when viewed as a whole, but a glance at the gallery proves that they do look very convincing. The materials are of high quality and, perhaps best of all, you'll never have to worry about coordinating colors. Prices range from $135 to $150, and the personality descriptions with each bib are worth a read, even if you plan to stick with real suits.

Men's Short Suits for Spring?

Filed under: Apparel

One of the trends seen in many lines for Spring 2007 was the men's business suit with shorts, rather than pants. The Perry Ellis design, pictured, illustrates the idea. Designers love it and seem to be convinced that it is the wave of the future.

Not one to dash their hopes, but this is one trend that won't carry over once it is off the runway. Men don't want to wear them and the buyers for stores like Neiman Marcus and Saks know it; the suits are being passed over at almost every level. While the idea of being cool and comfortable in a professional environment is appealing, it doesn't seem like the business community is ready to embrace the business short look.

The two reasons that men can't wear the short suits are (1) a lack of appropriate footwear and (2) hairy legs.

Where the Execs Eat

Filed under: Dining

BusinessWeek has an interesting look at where the business elite - executives at some of the country's most successful companies - go to eat. You might think that their favorite spots would be restaurants like Per Se, Alinea or any number of Vegas hotspots, and while they do eat (and enjoy) some meals there, it turns out that they like just about any place that has good food and a friendly atmosphere. For some, it's a neighborhood diner or an unpretentious steakhouse, while others do prefer more upscale eats, but the staff always plays just a big a role as the food. So, you don't have to be an executive to eat like one - and chances are good you've already had a $3 diner breakfast - you just have to recognize and appreciate some of the finer things in life, wherever they are.

Esque Glass Revolver

Filed under: Decor

Paperweights are interesting pieces of desktop art, which is why we love them. We all know that there are not often high-speed winds sweeping through our offices. This Esque Revolver is an exceptional example of paperweight art. It is hand-blown glass that is shaped into a life-size revolver. Though each piece varies slightly, they are strikingly realistic, not to mention beautiful. The glass is recycled, and the revolver can be blown in amber or metallic blue. All pieces are custom made to order. Price: $315.

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