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John Thain, chief executive officer of Merrill Lynch (which had to sell itself to Bank of America last month because of the subprime mortgage crisis), saw no problem with showing up for the party while his whole industry was tanking and employees at his company were seeing their portfolios go up in smoke. “This, at least, is fun,” he said, “as opposed to the rest of the day.”
The next evening, Shoshanna Lonstein Gruss, Muffie Potter Aston, Joanne de Guardiola and Martha Stewart attended the Society of Memorial Sloan-Kettering Cancer Center’s preview party for the International Fine Art and Antique Dealers show at the Park Avenue Armory.