Business ~ Luxury ~ History
Brooklyn, NY
Joined May 2023
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Stephen Ross agrees to sell Dolphins minority stake at valuation above $12.5 billion
Stephen Ross has agreed to sell a 2.1% stake in the Miami Dolphins and affiliated businesses to billionaire Jean Eric Salata. The deal values the holdings at slightly more than $12.5 billion, setting a record for an NFL minority-stake transaction, according to Sports Business Journal.
The package includes interests in Hard Rock Stadium, the Formula 1 Miami Grand Prix and the Miami Open. The NFL’s finance committee has approved the transaction, with a vote by league owners expected next week.
Jacob & Co. introduces The Palatial Flying Tourbillon Minute Repeater.
Combines a rose-gold case and red mineral-crystal dial with a mechanism that chimes the hours, quarter-hours and minutes on demand.
Music-inspired details include a treble clef on the dial and hands shaped like a metronome, while the movement provides a 90-hour power reserve.
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SUMMERDANCE asks $14.95 million after a $5 million refit
The 146-foot Trinity yacht completed a ten-month renovation in 2025, including new interiors and an exterior repaint. Its three decks include a sundeck Jacuzzi, bars and outdoor dining areas; major engine overhauls were completed in 2024.
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What you do consistently starts to show.
Work creates opportunities.
Practice sharpens your skills.
Exercise builds your stamina.
Discipline turns plans into progress.
You can’t control every outcome.
You can give yourself better odds.
The Executive Report 👔 retweeted
Knicks championship rings feature nearly 800 gemstones and a hidden Madison Square Garden 🧡🧡🧡
Twist the top and a miniature Garden rises from the center. Open it up and there’s the court and seating bowl. Jason of Beverly Hills @JasonofBH turned New York’s championship home into a piece of jewelry, complete with nearly 800 diamonds and sapphires.
The details tell the story: 16 emerald-cut diamonds for 16 playoff wins, a 0.16-carat diamond for the title-clinching 16-point comeback, and “Knicks in Five” engraved on the band. Fifty-three years of waiting earned more than a little hardware.
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BMW’s new electric iX5 targets 450 miles on a single charge, starting at $81,250
The 2027 iX5 brings 570 horsepower, all-wheel drive and charging speeds of up to 460 kW. BMW says a 10–80% charge can take as little as 22 minutes.
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Leadership is the ability to make decisions when the outcome is uncertain.
Laguna Beach oceanfront estate sells for $82.57 million
Originally listed for $112 million, the eight-bedroom property closed approximately $29.4 million below its initial asking price.
The roughly 14,434-square-foot residence features a rotating bed beneath a retractable roof for stargazing, a glass-floor library overlooking the Pacific, and expansive oceanfront terraces with a pool and spa.
Claude Monet’s Iris painting sells for $56.2 million, setting a French auction record
Six bidders competed during a 45-minute bidding battle before a private collector in Asia secured the painting by phone. Painted around 1924–1925, just a year or two before Monet’s death in 1926.
OWNERSHIP CHANGES EVERYTHING
Employees trade time for income. Executives pursue ownership equity, assets, intellectual property, and businesses.
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American Express plans 3,500 job cuts as it prepares for AI
The credit-card giant is reducing roughly 5% of its global workforce and taking a $336 million restructuring charge.
FCO Christophe Le Caillec said the changes are intended to make the company leaner, more agile.
American Express plans 3,500 job cuts as it prepares for AI
The credit-card giant is reducing roughly 5% of its global workforce and taking a $336 million restructuring charge.
FCO Christophe Le Caillec said the changes are intended to make the company leaner, more agile.
They agreed on a $34 billion merger. Then they couldn’t agree on the CEO so the Merger failed.
Johnson & Johnson’s hip-and-knee replacement business was in advanced talks to combine with British medical-device maker Smith & Nephew.
J&J wanted its orthopaedics chief, Namal Nawana, to run the combined company. Smith & Nephew insisted its current CEO, Deepak Nath, keep the job. The talks reportedly collapsed several weeks ago.
