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This, however, was not the opinion of Igor ("Ghighi") Cassini, who as the Hearst chain's "Cholly Knickerbocker" plays chief tale-teller to the jet set, and used to namedrop the Gilberts in his column with insistent frequency. "Ghighi didn't lose a potful," said Gilbert last week. "Well, maybe he did-for him. It was about $30,000." Potful or not, Cassini's losses were big enough to have erased all his happy memories of the days when he enjoyed the expensive hospitality of the Gilberts' Riviera villa. Snapped Ghighi last week: "Nobody expected what...

Author: /time Magazine | Title: High Finance: Picking Up the Pieces | 7/13/1962 | See Source »

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