Word: nelsons
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...famed Drexel Burnham junk-bond conference -- Peltz seated at a table with Boesky and T. Boone Pickens, among others. As Milken strides by, someone gushes, "Congratulations, Mike. You're a genius!" "No," Milken snaps back sarcastically, for all to hear. "Nelson Peltz here is a genius. I'm nothing...
...Chatting with a Wall Street veteran, I mention Peltz. "What?" he asks. "Is Nelson going to jail...
...Nelson Peltz has been charged with no crimes, and I'm not implying he has committed any. He has been indicted only by writer Benjamin Stein in Barron's. (Stein persuasively accuses Peltz of having skewered his fellow shareholders.) Now 49, and married to a former Ford model, he owns an $18 million Palm Beach estate, a 106-acre, 22-room Westchester summer place and, I was told by his public-relations chief, is deeply concerned with the plight of the homeless...
...Nelson grew up on Park Avenue, heir to a frozen-food business in Brooklyn. In my brother's class at school, he acted richer than the other rich kids and was known more as a snappy dresser than a brain. Math was particularly tough for him -- an F in ninth grade and a D+ that summer; a C in 10th-grade algebra, but an F in geometry. In the 11th grade he pulled math up to C and C- (matching steady Cs in English), but failed citizenship. ("And that would eliminate. . .," his American history teacher paused, in a lecture about...
Needless to say, Einstein failed math, too, or so they say (actually, this almost surely is a myth), and any number of our most brilliant businessmen never finished college. But that would be overstating the case with Nelson. His I.Q., at 121, makes him brighter than 9 out of 10 boys on the bus, but still leaves about 500 million people on the planet even brighter than he. And perhaps more still who are nicer. But only a tiny, tiny few who are richer...