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Bank of New York Mellon CEO sues over $18.5M penthouse deal
This is why you always read the fine print. Bank of New York Mellon CEO Charlie Scharf was ready to plunk down $18.5 million for his dream home — a triplex penthouse with panoramic views overlooking Central Park West. He put down a $1.85 million deposit on the 4,900-square-foot mansion in the sky that had been featured in an Architectural Digest spread and includes its own acoustically-perfect chamber music recital hall, kitchen with 30-foot ceilings — and even a golf simulator room. Scharf even scored a significant discount on the sprawling pad — $6 million off its original $24.5 million listing price. And ... (full story)