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LDCL	1.40	+ 0.11

LEH	56.38	- 1.36

LLY	79.65	- 0.04

MWD	47.76	- 0.61

10/8/01 4:02:00 PM ET

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People
Faces In The News: Oct. 8, 2001
Forbes.com staff, Forbes.com, 10.08.01, 11:55 AM ET

NEW YORK - Doers and doings in business, entertainment and technology:


"Michael Jackson and Bubbles" by Jeff Koons

Los Angeles real estate mogul Eli Broad is taking his contemporary art collection on the road. The billionaire will display his artwork, including pieces by painter Jasper Johns and sculptor Jeff Koons, at the Los Angeles County Museum of Art on Jan. 6, before moving on to Washington, D.C., and Boston. One of the collection's spiciest offerings is a life-size gold and white ceramic figure by Koons of pop icon Michael Jackson and his pet chimp Bubbles that was completed in 1988. More...

Lehman Brothers (nyse: LEH - news - people) has agreed to buy a one-million-square-foot, 32-story office tower in Times Square from Morgan Stanley (nyse: MWD - news - people), which began construction of the midtown building in 1999 to house its institutional sales and trading desks. Morgan Stanley said the building is not a good spot for its displaced World Trade Center staff and said it is committed to keeping its headquarters in Manhattan. Richard Fuld Jr., chairman and chief executive of Lehman, said, "This agreement reaffirms our commitment to New York and is a win-win-win solution to a difficult office space problem facing both of our firms and the city." Terms of the deal were not disclosed, and Lehman said the purchase will enable it to keep more than 5,000 jobs in Manhattan, More...

Eli Lilly (nyse: LLY - news - people) Chief Executive Sidney Taurel reduced his 2002 salary to a symbolic $1, a company spokesperson said. Lilly employees in the U.S. and Puerto Rico will not receive pay raises this year, and bonuses and stock grants for both management and the rank-and-file are expected to be reduced or absent in 2003. Indianapolis-based Eli Lilly is facing a dip in earnings next year as its blockbuster Prozac franchise is eroded by generic competition. Last week Taurel said the generic onslaught for Prozac is the most severe ever faced by a blockbuster drug.


Marc Andreessen

Marc Andreessen, chairman of software concern Loudcloud (nasdaq: LDCL - news - people), acquired 438,000 shares of his firm. The onetime Internet golden boy bought the shares in September and October at a relative bargain: The firm's stock trades at about $1.30, well off its 52-week high of $7. More...


Barry Bonds

He may be one of the country's most unloved athletes, but he sure can smack the stuffing out of a baseball. San Francisco Giant Barry Bonds hit his 73rd home run Oct. 7, more than anyone in the history of the sport. Bonds, 37, who has never been popular among fans or his teammates, also set the all-time highest slugging percentage at 0.863. Despite his efforts, Bonds' team fell just short of the playoffs. That may have been another happy outcome for the Giant: Bonds has historically buckled under the pressure of postseason play.

News items can be submitted to Todd Jatras at tjatras@forbes.net or by calling him at (212) 366-8939.

Use our People Tracker to keep up to date with the activities for any of the above executives and celebrities or some 120,000 others.

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