laura steinberg tisch wedding
Over the years, Reliance paid out millions and millions of dollars in personal loans, perks, and fat dividends to Steinberg family members. Gayfryd was also eager to marry Johnson, perhaps too eager. Her picture was constantly on the social pages of New York papers. Forbes magazine had recently declared that he had made more money on his own than any other American under the age of 30. It will specialize in tabletop products, including dishes, flatware, and dcorations de table. Selling: $765,000. According to court records, Saul and his brother claim the loans were related to a reorganization of family trusts and were not conventional loans, because their mother had agreed that they would be forgiven when she died. Thats my goal, Gayfryd told Town & Country in a 1985 article, for which she was photographed wearing a bib-size mesh choker of diamonds and pearls by Fred Leighton and a Scaasi Cinderella-style silk-organza evening dress as Saul, in a tuxedo, stood proudly at her side. Jonathan Tisch and Laura Steinberg married in 1988 at the Central Synagogue in NYC. Outside Wall Street circles, not a lot was known in 1990 about Steinberg as a businessman. He claimed that he was short of cash because he had donated heavily to Israel during the Yom Kippur War, and had given some $250,000 to Richard Nixons re-election campaign. Saul was not one of these men who made a fortune and had nothing in him, says one friend. ''It was a fairy tale wedding,'' Blaine Trump was saying to her husband, Robert. The Ideal Leasing Company, as it was first called, was based on the ultimately very profitable assumption that as IBMs industrial computers became obsolete ever sooner, corporations would pay a lot of money to rent instead of buy them. Anyone can read what you share. Based on the reactions of several real-estate observers, the news of the Steinbergs new digs might well be met with shock. The emphasis was on classic glamour and from the 1920s to, , Slater, Laura, Buch Hall, he was better known for greenmailing companies. Asking: $749,000. Erhebung von statistischen Eckdaten zum Gutachterwesen in der vertragszahnrztlichen Versorgung in der . On December 22, hours after her divorce from Johnson was finalized, Gayfryd, newly converted to Judaism, married Steinberg. In 1969, when Steinberg boldly attempted to take control of Chemical with his inflated Leaseco shares, it was the nations sixth-largest bank and the lender to some of the countrys biggest corporations. Click the AdBlock Plus button on your browser and select Disable on Observer.com. From the outset, insurance was not Steinbergs real interest. Two years later, with a $25,000 loan from his father, he started his own businessleasing computersin his fathers Brooklyn factory, with his father and uncle as partners. '', As for her daughter and son-in-law, she said they began dating about three years ago. The myth of Saul Steinberg was much greater than the reality, says a well-known Wall Street banker who knows Steinberg. Judith Thorn of Ashforth Warburg represented the seller, Miami gallery owner Donald Rubell, who bought the house back in 1978. Their wedding made the pages of The New York Times, obviously, though the couple later divorced.. Gayfryd has been terrific. In their nearly 17 years of marriage, Gayfryd and Saul had amassed much more extraordinary things. It was very bad, awful, says one friend. According to Mr. Tames, the kitchen was at least 60 years old, the three bathrooms were even older, and the floors needed to be completely redone. The vehicle that Steinberg used for these transactions was Reliance, and by 1990 there were already concerns about how it was being run. He and Gayfryd lavished countless hours and millions of dollars decorating it palatially, filling it with 18th- and 19th-century English and French furniture and Sauls huge collection of old-master paintings. People say all the extravagance was her idea. Certainly, in the early days, there were instances when Gayfryds social ambition was so over the top that it raised eyebrows. A source close to Anne insists that she never intended to forgive these loans. Find the perfect Laura Tisch stock photos and editorial news pictures from Getty Images. Her tulle veil was held in place by a diamond and pearl tiara that may have been something old, something new or something borrowed. She is, says one woman, the only person who is blunt with him about how bad things are. jeffrey friedman honey bruce. Indeed, revealing how bitter feelings are in the Steinberg family today, Robert alleged that his mother used false and fraudulent representations to get him to sign a promissory note. Her choice reflected her intellectual interests: pen, the international writers organization. The couple, friends insist, have changed. Especially after the stroke, says a friend, it was Gayfryd who tried to put some limit on what Saul spent. Barbara Walters attends Laura Steinberg and Jonathan Tisch Wedding Reception at the Metropolitan Museum of Art in New York City, New York on April 18, 1988. During the last few months, the Steinbergs close friends have, publicly at least, been spreading the word that the couple is far from broke; with the problems at Reliance, Gayfryd and Saul have merely been cutting back a bit on their expenses. 62 Wedding Reception For Jonathan Tisch Laura Steinberg Premium High Res Photos Browse 62 wedding reception for jonathan tisch laura steinberg stock photos and images available, or start a new search to explore more stock photos and images. 'A Young People's Party'. It was a very specific grand taste, she says. It is impossible to tell just how deeply in debt Steinberg is, or how broke. How could he have gotten into a situation so desperate that in September he was sued by his 83-year-old mother, Anne, who claimed that she was financially strapped because of Reliances problems and that her son would not repay $4.73 million she had lent him? Asking: $795,000. Barbara just stepped aside.. Select from premium Jonathan Tisch Laura Steinberg of the highest quality. of shares in Reliances best unit, Reliance Surety. It wasnt just ormolu, the way it was portrayed. Jonathan's . It was a museum. Among the highlights of the Steinbergs collection of old-master paintings was The Plague in an Ancient City, by the 17th-century Flemish painter Michael Sweerts, which was sold to the Los Angeles County Museum of Art in 1997 for $3.85 million. Wedding Reception For Jonathan Tisch & Laura Steinberg Jonathan Tisch and Laura Steinberg during Wedding Reception For Jonathan Tisch & Laura Steinberg at Metropolitan Museum of Art in New York City, New York, United States. Maybe its guilt. In April 1988, Manhattan society watchers were agog over the lavish wedding of Laura S. Steinberg, the daughter of Saul Steinberg, who is chairman of Reliance Group Holdings, and Jonathan. She waited at the Connaught hotel for nearly a week, but he would speak with her only by phone. I remember Holdens birthday party about 10 years ago, when Gayfryd made about 40 miniature-doll cakes. Robert Steinberg was lent $1.5 million by Reliance when he was getting divorced from his first wife, Kathy, who was the broker on the sale of 740 Park last February. With the luncheons, teas, and readings she hosted at 740 Park, and her benefit dinners, Gayfryd boosted pens visibility enormously. At the bridal couple's engagement party last year, a Tisch family member said, ''If they get married, it will have to be cleared by the S.E.C. A lot of people preferred that to [some socialites] stories about convent schools they never went to, mispronouncing their names, he says. Spotlights illuminated the East 55th Street side of the synagogue, a landmark Moorish-style building. And what lay beneath that gilded life? In addition to the old masters, which hung on walls covered with crimson Fortuny printed cotton, there were countless Italian Renaissance bronzes, ormolu candlesticks, and shelves crammed with Gayfryds collection of Chinese export porcelainat Sothebys one plate alone sold for $7,000. The bridegroom, who graduated from the Gunnery and Tufts University, is a trustee of both institutions. A year later, Gayfryd spent $1 million on Sauls 50th-birthday party, held at their Quogue, Long Island, estate in a tent decorated as a Flemish drinking hall with 10 tableaux vivants of Sauls favorite old mastersincluding Rembrandts nude Dana. Sa fortune s lve 30 000 000,00 euros mensuels In July she and Rayne moved into 740 Park Avenue with Saul. Steinberg then hit on a plan to do an I.P.O. Nevertheless, Gayfryd resigned from pen, hurt by the sleazy remark and by suggestions that she and Saul were gaining respectability on the backs of writers. Hier knnen Sie Inhalte sammeln, auswhlen und Anmerkungen zu Ihren Dateien hinterlegen. It was also a bank whose consumer deposits were insured by the federal government and whose financial health, therefore, was essential. Guests said the effect inside was of sunlight on the stained glass windows. Her presence had excited the gossip columnists. Nachricht. Select from premium Laura Tisch of the highest quality. Laura Steinberg Tisch, the daughter of Saul Steinberg of New York and the late Barbara Steinberg, was married on Monday to Dr. Stafford Roy Broumand, a son of Rachel and Hormoz Broumand of Indianapolis. That also failed. He was also concerned about pens heavy reliance on one source of funds. He was also heavily in debt personally. The suit also alleged that Saul had deliberately delayed taking provisions for losses during that time, thereby inflating profits, until after he sold the stock to the public. In 1972 he was sued by the Woodmere Academy, a private school on Long Island, because he would not pay $200,000 he had pledged for a new library. That was then. He decided to make everyone rich, to make all the ships rise. Theyve been caricatured.. [Leveraged- buyout king] Henry Kravis did it, too, but he was more low-key and smooth. The affair, which featured a Brazilian band on stilts and snow blowers lofting hundreds of thousands of feathers into the air, ran them $3 million. He subscribed to The Wall Street Journal in high school and went to college at the Wharton School of Finance when he was just 16, graduating at 19. According to The Times-Picayune, Gayfryd was voted down for membership in the Junior League. Was Tiffany involved? And in the foyer of their home, the Steinbergs had placed the piece that brought the highest price at Sothebys: an ornate George III ormolu-mounted mahogany writing commode that went for $2 million, well below its estimate of $3 million to $4 million. He was the short, stout corporate raider, she the tall, beautiful, whippet-thin trophy wife. Although he made some investments over the years that he stuck with, in Symbol Technologies and Frank B. Their wedding made the pages of The New York Times, obviously, though the couple later divorced. The understated house has southern exposures, outdoor space, eight bedrooms, an elevator and multiple fireplaces. Although never proved, it was alleged that Steinberg had bribed a New York politician in order to win a lucrative contract to build bus shelters in New York City. On the altar, banked with flowers and glowing candelabra, were antique pieces from the Steinberg home. At one point it was suspected, though never proved, that several major banks united to sell Leaseco shares, driving down the price. Not until 1997, Schiff adds, did the stock hit the $10 mark again. Norman didnt have one Learjet, he had two, recalls his friend and attorney John Martzell. Trailing shattered marriages and jagged histories, Saul and Gayfryd Steinberg came together in a dazzling union of 80s wealth and ambitionthe legendary nancier with his beautiful, couture-clad wife. By the time the auction was made public in April, it was also known that Saul Steinberg had asked his friend the art dealer Richard Feigen to handle the sale of 56 old-master paintings, valued at $60 millionthe bulk of his collection. That was Gayfryd trying to please Saul.. He wasnt the only one, but a lot of it, I thought, was unsavory, legal blackmail, says Auletta. [18] He's an active. Gayfryd never wanted to have children who were spoiled brats, and she didnt, says a friend of hers. In the end, it was the debtmore than underwriting control problems at Reliance or weakness in the insurance industrythat brought the company to its knees. In 1983, after a brief courtship, Steinberg married Gayfryd.. The collateral was 21 of his old mastersincluding the Cavallino that was sold to the National Gallery. How exactly did the alleged illegal activity go down? In a lawsuit she filed, Laura alleged that Saul had used $190,000 of Reliances money to buy illegal drugs, including but not limited to the purchase of cocaine, that he had used Reliance funds to decorate the apartment at 740 Park and to buy a private jet. Theyre bright, theyre sassy, theyre a little vulgar. We looked everywhere from East End Avenue to Lincoln Center to Sutton Place, said broker Phyllis Stock of Charles H. Greenthal & Co. She finally settled on a two-bedroom condo with two balconies. Organise, control, distribute, and measure all of your digital content. In 1982, in addition to his $2.7 million compensation package, Saul took out a personal loan of $36.4 million from Reliance; his brother, Robert, borrowed $7.7 million, and Bruce Sokoloff borrowed $3.2 million. When in 1997 Figueroa appeared to have defaulted on several million dollars of loans, Reliance apparently picked up the tab, to the tune of some $40.6 million that is still owed, according to a real-estate investor who studied Reliances corporate filings, which leave key information undisclosed. It also continued to dole out huge compensation packages to Saul and Robert. They were like Houstonians, one Junior League member said. No wall . Interest was keen, however, as news photographers scrambled in the rain to catch the bridal couple before they sped off to the Metropolitan Museum of Art, where a gala dinner was held. In the summer of 1990, Auletta, who had just joined pens executive board, made that public, telling New York magazine that Steinberg was a pretty sleazy character. There was a flurry of apologies to the Steinbergs from such writers as William Styron and Larry McMurtry, and much criticism of Auletta. Three years earlier, on a business trip to Los Angeles, he had met Laura Sconocchia Fisher, a P.R. I remember I got Norman out of jail several months early, says Martzell, but by that time she was gone.. Time on the market: two and a half weeks. She did not put on airs at all, like some of these other trophy wives did., At first, people were skeptical of Gayfryd, says one social arbiter. Shortly before the Sothebys auction, Gayfryd withdrew two small items from the sale, a pair of Chelsea Strawberry Leaf sauceboats, circa 1755. It was the beginning of the end. The bride, a graduate of the Dalton School and the University of Pennsylvania, has an M.B.A. degree from New York University. Laura Steinberg Tisch, the daughter of Saul Steinberg of New York and the late Barbara Steinberg, was married on Monday to Dr. Stafford Roy Broumand, a son of Rachel and Hormoz . Amazingly, Reliance did not inform the public of this, and after the news was broken about six weeks later by CNBC, company executives insisted that it was not serious. The bride's first marriage ended in divorce. The scale of that apartment was enormous. And it very much reflected how the Steinbergs wanted to be seen. Whlen Sie aus erstklassigen Inhalten zum Thema Wedding Reception For Jonathan Tisch Laura Steinberg in hchster Qualitt. Steinberg was 32 when he bought John D. Rockefeller Jr.s apartment at 740 Park Avenue in 1971, two years after the Chemical debacle. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Optimieren Sie Ihren Workflow mit unserem erstklassigen Digitalen Asset Management System. Friends of Barbara Herzog Steinberg, whom Saul had married in 1961, say they believe it was her idea to buy the apartment. Barbara Steinberg divorced Saul in 1977, claiming abandonment. The family almost immediately began to feed at the trough. She made one of Sauls sons help her in the kitchen and did it herself. Gayfryd was, by all accounts, much loved by her stepchildren. Gayfryd would stick notes on the back door that said things like Brush your teeth or die, he remembers. backed down and made Drexel its banker. It affected him being on the board of the Metropolitan Museum. The Getty Images design is a trademark of Getty Images. Grow your brand authentically by sharing brand content with the internets creators. Laura steinberg tisch Stock Photos and Images (9) See laura steinberg tisch stock video clips RM D0A6HF - LAURA STEINBERG TISCH 1998.Henry Street Settlement Chinois Benefit at the Puck Bldg. Even now, six months after the auction of much of Saul and Gayfryd Steinbergs vast collection of antique furniture, silver, and porcelain at Sothebys, Gayfryds friends are reluctant to talk about her, hesitant about revealing her feelings. Her mother owned Barbara Steinberg Unlimited, an antiques store, which was in New York. Shortly after Green Tree sued him and Drexel, Steinberg sold his shares back to the company for a profit of $26 million, and the suit was dropped. Steinberg was not like Ted Turner, Craig McCaw, or Rupert Murdoch, all of whom turned to Milken and his junk-bond network to build companies. Within a few weeks, a couple whod been intimidated by $800,000 price tags took a look and decided to offer $765,000. The Version table provides details related to the release that this issue/RFE will be addressed. In 1985, when Wickes, a lumber and building-materials retailer, hired Salomon Brothers on a deal instead of Milkens bank, Drexel Burnham Lambert, Steinberg was among the Milken cronies who began buying up Wickess shares until the companys intimidated C.E.O. Although Steinberg had Laura arrested for trespassing during their estrangement, she says she remains "madly in love" with him. My husband is a cocaine addict and hes been on the drug off and on for two and a half years, and at times he gets very violent and very dangerous, the New York Post quoted her as saying in court papers. Born in Brooklyn and raised on Long Island, Saul was the oldest of Julius and Anne Steinbergs four children. He hobbles along, sort of dragging one leg, and she is always holding him under the arm., After the stroke, Robert Steinberg took charge of the insurance operations of Reliance, and business went on as usual for a while. According to Ms. Stock, the picky buyer was delighted that the studio next-door was also for sale by the same sellers and she took it-and its tenant-too. ''You can really describe this as very much a family party and a young people's party,'' Gayfryd Steinberg said, levelly, in an interview before the party. You know, I thought, This is a very attractive guy. There were rumors on Wall Street that he could not pay the maintenance on 740 Park and had to borrow money. Even now he walks with a halting gait and has some trouble speaking. He begged her to join him. A real-estate partnership, Reliance Figueroa, in which Saul and Robert were the biggest limited partners, appears to have been financed largely, if not entirely, by Reliance, which took all the losses but only 48 percent of the profits. Late in the afternoon of November 14, Reliance announced it had lost $546.5 million in the third quarter. Johnson struggled with depression. Doch finanzielle Anreize und politischer Druck . Steinberg could have eased the pressure by increasing the companys equity, but that would have diluted his familys control. This point in Steinbergs life was perhaps his lowest. Find company research, competitor information, contact details & financial data for Laura Steinberg Tisch Foundation Inc of New York, NY. With only one child left at home, she told friends, her family no longer needed a 34-room apartment. To revist this article, visit My Profile, then View saved stories. In 1977, Steinberg was involved in a political scandal that helped cement his bad-boy image. The Johnsons bought one of the biggest houses in New Orleans, a massive Italian Renaissancestyle villa on Saint Charles Street, in the citys most fashionable area. Saul, they say, did not just lose his salary and income from Reliances dividends. Steinbergs takeover of Reliance marked him as one of the earliest corporate raiders. The Establishment was, predictably, outraged, and it fought back. FINICKY BUYER TAKES PAIR OF CONDOS AND A TENANT No rush, an apartment shopper told her broker. That year, Reliance also spent $104,000 refurbishing a condominium that was used only by the Steinberg family. She is very strong, she could stand up to him. But Gayfryd, too, was in a great deal of trouble when she met Saul. Not to be licensed for fine art prints or consumer products. Millions of high-quality images, video, and music options await you. And now look what theyre doing to him, says one friend angrily. White on White. 'Queen of Nouvelle Society'. Steinberg was also borrowing against his art collection. How could Saul Steinberg, regarded as one of the most brilliant and terrifying financiers of the last two decades, have allowed things to get so bad? The mother of Sauls three oldest children, Laura, Jonathan, and Nicholas, Barbarawho died last year at the age of 58had met Saul in high school. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. Steinberg was said to have been immediately smitten with her. Find Jonathan Tisch & Laura Steinberg stock photos and editorial news pictures from Getty Images. The lovely sauceboats, valued at between $4,000 and $6,000, were probably the simplest pieces at the auction. Time on the market: 11 weeks. I sat next to Gayfryd one night and she told me all about her husband being in jail. Organisieren, kontrollieren, verteilen und messen Sie alle Ihre digitalen Inhalte. But there were some, including E. L. Doctorow, David Halberstam, and Ken Auletta, who were concerned about pens association with Saul Steinberg. Norman was an exceedingly sweet person and funny, one of the funniest people, almost irresistible, he recalls. Suddenly, Saul and Gayfryd and their Wall Street friends were photographed socializing with such authors as Mailer, Allen Ginsberg, Joyce Carol Oates, Jerzy Kosinski, and Tom Wolfe. Hes funny and congenial and rather cozy, says an art expert cultivated by the Steinbergs. Apparently, the sellers were willing to lower their expectations even further. In March, Mr. Steinberg signed a contract to buy a humble $5.6 million house at 46 East 73rd Street, between Park and Madison avenues, according to a real-estate source with information about the deal. By the fall, however, it was clear the market would not accept any more Reliance debt. consultant at the time and now in the antiques business. Thats New York, says a man in that world. It was, in fact, very serious. Boards are the best place to save images and video clips. In the frantic days that followed, the seller negotiated a substantial discount on the price of an apartment he was in contract to buy at 715 Park Avenue and lowered the price on this apartment by $76,000. Reliance made $326 million that year, up $97 million from the year before. By 1992, Reliance was also one of the most heavily indebted insurance companies in America, largely, says Schiff, because of the 1982 leveraged buyout. Gayfryd worked at a psychiatric hospital, in the adolescent ward, for a year after her move to New Orleans. It was just the beginning. Their son, Jeremy Rayne Johnson, who was later adopted by Saul Steinberg, was born two months later. Hitta perfekta Jonathan Tisch Laura Steinberg Wedding Reception bilder och redaktionellt nyhetsbildmaterial hos Getty Images. With a board of directors that included longtime friendssuch as Carter Burden, Loral Corporation chairman Bernard Schwartz, and the banker George BakerSteinberg was able to make business decisions that appear to have, over time, weakened the company but benefited his family. Caterers, florists and other worker were required to sign confidentiality agreements, which could have subjected them to lawsuits for leaking details. Laura S. Steinberg and Jonathan M. Tisch were married last night at the Central Synagogue in Manhattan in a candlelight ceremony joining two billionaire families that in one generation have carved a place in New York's world of high finance and society. As a subscriber, you have 10 gift articles to give each month. A 20-foot-long George III mahogany four-pedestal table, which sold for $125,000, and 23 George III chairs, which sold for $100,000, had graced their mirrored and gilt-encrusted main dining room. Scaffolding Deaths Are Claiming New Yorks Immigrant Workers in an Industry Lacking Accountability, Developers and Billionaires Are Lining Up for the Chance to Operate a New York City Casino, The Next Dimes Square Is Just Around the Corner, Manhattans Getting a WeWork For the .01 Percent. Selling: $2.2 million. Sauls 60th birthday, they say, was celebrated quietly. Oct. 14, 2001. He was a pariah, mucking around in places that didnt want him.. They cut back on parties, hardly going out. Saul, who received approximately $11.6 million in dividends that year, was paid $8.5 million, which included a bonus of 300 percent of his salary. The family was not well-to-do, but, says a friend of Gayfryds, had very good values and aspirations. Like many socialites, Gayfryd adopted a charity. The corporate jet, a five-bedroom Boeing 727 with its own silver and crystal and $9,000 cashmere blankets, was heavily used by the Steinberg family. In September, Gayfryd went off to Venice with her friends Carolyne Roehm, the ex-wife of Henry Kravis, and Katherine Bryan, the estranged wife of telecommunications mogul Shelby Bryan. But privately the friends say that the Steinbergs financial problems are serious. Die Auflsung des Altenpflegeheims in Berlin Wedding zugunsten der Errichtung eines Flchtlingsheims lsst andere Pflegeheimbetreiber in Deutschland auf Distanz gehen. Despite Gayfryds efforts she and her husband were not welcomed into New Orleans society. From her greed is good heyday to her post-divorce denouement cavorting with a series of freaky Italian lovers, it was Ivana, all along, who gilded the Trump name. Profitieren Sie von der globalen Reichweite, datengesttzten Erkenntnissen und einem Netzwerk von ber 340.000 Content-Anbietern von Getty Images, die exklusiv fr Ihre Marke Inhalte erstellen. Today, people say that Robert and Saul have ended up on the same side of a family feud against their sisters and their mother, Anne, who, on September 7, sued her sons to recover the roughly $6.2 million she claims she had lent them over the years and which they refused to repay her. Said to be worth some $50 milliona pittance in this era of 25-year-old dot-com billionaires but a huge fortune back thenSteinberg was living with his first wife, Barbara, in a 29-room mansion on Long Island. Between courses of poached salmon with champagne aspic, trio of veal, lamb and chicken, orzo with porcini, and spring vegetables, guests danced to Hank Lane's orchestra. To read our full stories, please turn off your ad blocker.We'd really appreciate it. Gayfryds style is not so grandiose. The three wives club, as one socialite calls them, was spotted on the terrace of the Gritti Palace Hotel, deep in conversation. Time on the market: three months. But the main problem was Saul and how he had been making his money. MacLean took her to South Africa, where she finished college, earning a degree in psychology and sociology. Her father, Ross, was a telephone-company clerk; her mother, Margaret, a homemaker. When a woman from the Hamptons made the seller a lowball offer-$74,000 less than the already discounted price-he decided to take it. By this time the family owned just under 50 percent of the company. In 1991, when Sauls son Jonathan took his company, then called Financial Data Systems, public, Reliance bought $1 million of its stock, even though it was considered a highly speculative investment. Get premium, high resolution news photos at Getty Images Everything she has said so far is a goddamn lie, Steinberg told Fortune magazine that year. After months of gossip over the $37 million sale of their Park Avenue triplex, the sale of their old-master paintings and prized antiques, and the fact that Sauls 83-year-old mother is suing him, Suzanna Andrews tackles the billion-dollar questions: Where did the money go? Saul Steinberg, everyone knew, adored the apartment, which he had bought from the estate of John D. Rockefeller Jr. in 1971. Saul married Laura in December of 1978, two months after their son, Julian, was born. The marriage, however, began to fall apart soon after the move to 740 Park. In 1990, Steinberg was sued by a shareholder who claimed that the family had taken $100 million out of Reliance in dividends, salaries, and perks while private.
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